Decision

That Cabinet:

(1)     Note the financial monitoring position as at 30 September 2023 (Quarter 2) and refers the report to the Budget and Corporate Scrutiny Management Board for consideration and comment.

(2)     Approve the following budget virements above £1m in line with the revised delegated limits for Cabinet Members and Directors: -

Virements above £1m for approval by Cabinet

£'000

£'000

Contingency

Transfer of budget for asset rationalisation savings, achieved in year within Regeneration and Growth

1,660

Regeneration and Growth

Transfer of budget for asset rationalisation savings, achieved in year within Regeneration and Growth

1,660

Contingency

Transfer of one-off property budgets held within Regeneration and Growth - no longer required

1,658

Regeneration and Growth

Transfer of one-off property budgets held within Regeneration and Growth - no longer required

1,658

TOTAL

3,318

3,318