Decision

Resolved:-

(1)     that Cabinet note the financial monitoring position as of 30 June 2023 (Quarter 1) and refer the report to the Budget and Corporate Scrutiny Management Board for consideration and comment;

(2)     that approval be given to the Treasury Outturn for 2022/23 and Quarter 1 position for 2023/24, as set out in Appendices 6 and 7;

(3)     that approval be given to the following virements above £1m in line with the revised delegated limits for Cabinet Members and Directors:

Virements above £1m for approval by Cabinet

£'000

£'000

Borough Economy

Correction to budget savings applied

1,000

Contingency

Correction to budget savings applied

1,000

Social Care Grant - Income

External Placements – correction to Social Care Grant income budget

2,478

Social Care Grant - Exp

External Placements – correction to corresponding expenditure budget relating to Social Care Grant

2,478

Creation of COMF budgets Inc

External Placements – increase in income budget for Contain Outbreak Management Fund income

3,397

Creation of COMF budgets Exp

External Placements – corresponding increase in expenditure budget for Contain Outbreak Management Fund spend

3,397

TOTAL

6,875

6,875