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RESOLVED:

a)   
Noted the provisional outturn position for 2023-24
and associated risks

b)   
Noted the deliverability assessment of West
Northamptonshire Council savings requirement for 2023-24 summarised
in section 10 and detailed in Appendix B

c)   
Noted the Treasury Management update in Appendix
C

d)   
Approved aged debt write off’s detailed in
section 7

e)   
Approved additions to the 2023-24 Flexible Use of
receipts strategy detailed in section 8

f)    
Recommended that Full Council approve amendments to
the General Fund capital programme of £5.6m for additional
capitalisation identified in 2023-24.

g)   
Delegated authority to the Executive Director
– Finance in consultation with the portfolio holder for
finance to apply any budget virements required to effectively
manage the overall budget.
 
REASONS RESOLVED:
1.   
To ensure members are updated on the 2023-24
Provisional Outturn position for the Council detailing service
performance against the Council’s approved 2023-24
Budget.
2.   
To comply with both legislative and regulatory
requirements in ensuring members receive an annual update on both
the Council’s Treasury Management and Flexible Use of Capital
Receipts Strategy including annual performance and changes
requiring approval.
3.   
To ensure compliance with the Councils financial
regulations by requesting Cabinet approval where required on key
financial adjustments.
4.   
To recommend to full Council the capitalisation of
costs previously charged to the revenue account which officers
believe can be transferred to Capital in order to protect revenue
resources.
 
ALTERNATIVE OPTIONS:
None