Purpose

Q2 forecast outturn positions for General
Fund, Housing Revenue Account and capital programme

Content

RESOLVED: to
 
i.             
Note the contents of this report, in particular the General Fund,
Housing Revenue Account and capital programme forecast outturn
positions, and updated prudential indicators.

 
ii.            
Approve the General Fund revenue virements set out at paragraphs
20-21.
 
iii.           
Approve the General Fund reserve movements set out at paragraphs
29-34, namely:
                                         
i.   
to separately identify £1 million of the £6.903 million
Medium Term Financial Strategy reserve balance as at 1 April 2023
as a transformation reserve;
                                        
ii.   
to transfer £1 million from the business rates reserve to
the  transformation reserve; and
                                       
iii.   
to transfer £4 million from the business rates reserve to the
MTFS reserve.
 
iv.          
Approve the repurposing of the £160,000 HRA revenue projects
reserve as a transformation reserve, and the transfer of
£420,000 of the forecast HRA surplus into this reserve in
2023/24, as set out at paragraph 41.