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The Executive considered a
report in respect of the third quarter monitoring of the Revenue
and Capital budgets 2023/24 (General Fund and Housing Revenue
Account).
 
The Chair advised Members of a
correction to the table contained in Paragraph 4.2.3 of the
report.  The figure in the “Less
core resources at Budget Setting Report” row should read
“(12,380)” instead of “(12,335)”, and hence
the figure in the “Transfer (to)/from General Fund
balances” rows should read “1,363” instead of
“£1,408”.
 
It was
RESOLVED:
 
General Fund
 
1.         
That the 2023/24 3rd Quarter projected
net increase in General Fund expenditure of £171,980 be
approved.

 
2.         
That it be noted that the cumulative changes made to
the General Fund net budget remains within the £400,000
increase variation limit delegated to the Executive.
 
3.         
That note the proposed movement on reserves, as
detailed in Paragraph 4.2.1 of the report, be noted.
 
Housing Revenue Account (HRA)
 
4.         
That the 2023/24 3rd Quarter net increase in HRA
expenditure of £1.002Million
be approved.

 
5.         
That it be noted that the cumulative increases made
to the HRA net budget remains within the £400,000 variation
limit delegated to the Executive.
 
Capital Programme
 
6.         
That the General Fund capital budget re-phasing of
£10.6Million from 2023/24 to future years be
approved.

 
7.         
That the Housing Revenue Account capital budget
re-phasing of £2.3Million from 2023/24 to future years be
approved.
 
Reason for Decision:  As contained in report.
Other
Options considered:  As contained in report.