Purpose

Budget Monitoring 23/24 Quarter 3

Content

DECISION:
 

1.   
Note the council’s position and consequent forecast
outturn as at 31st December 2023, against
General Fund Budget (£0.1m underspend) Dedicated Schools
Grant Budget (£0.3m overspend), Housing Revenue Account
(£0.1m underspend). 

 

2.   
Note the actions taken to date to address the demand
pressures as set out in Appendix A to the report, Section 3.2.
 

3.   
Note the progress made against the 2023-24 savings targets,
based on forecasts as of 31st December 2023.
 

4.   
Note the council’s forecast outturn position against
General Fund and Housing Revenue Account capital programme approved
budgets for 2023-24, based on forecasts as of 31st
December 2023.
 

5.   
Approve the anticipated net slippages of £6.7m and net
overspends of £2.6m across the General Fund capital programme
and net slippages of £7.2m and net overspends of £0.1m
across the Housing Revenue Account capital programme as detailed in
sections 3.13 and 3.14 of the report.
 

6.   
Note that there are no equalities implications directly
resulting from this report, as set out in Section 4 of the
report.
 
Action by:
CORPORATE DIRECTOR RESOURCES (J.
LORRAINE)
Director of Finance, Procurement and Audit (A. Kassim)