Issue - meetings

1.            To note the General Fund financial forecast at Month 2.

2.            To note that the position on the Housing Revenue Account (HRA) as set out in paragraphs 12 and 13.

3.            To note the in-year Dedicated Schools Grant High Needs Block forecasted surplus of £0.401m (thereby reducing the cumulative deficit).

4.            To approve General Fund budget changes totalling £1.138m as detailed in Appendix 10. This is being funded using on-going and one-off contingencies (£0.958m) and one-off use of earmarked reserves (£0.180m).

Councillor Rowan Ree introduced the report for the first financial review of 2023/24 (further reports would follow at months 4, 6 and 9) to monitor spending to ensure money was being spent in the most cost-effective way.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS:

1.            To note the General Fund financial forecast at Month 2.

2.            To note that the position on the Housing Revenue Account (HRA) as set out in paragraphs 12 and 13.

3.            To note the in-year Dedicated Schools Grant High Needs Block forecasted surplus of £0.401m (thereby reducing the cumulative deficit).

4.            To approve General Fund budget changes totalling £1.138m as detailed in Appendix 10. This is being funded using on-going and one-off contingencies (£0.958m) and one-off use of earmarked reserves (£0.180m).