Decision details

RESOLVED that Cabinet:

A    Noted the forecast outturn position set out within the report in respect of the General Fund as at the end of quarter 1 (April – June) of 2023/24 with a projected favourable variance of £114,000.

B    Noted the forecast outturn position set out within the report in respect of the Housing Revenue Account as at the end of quarter 1 (April – June) of 2023/24 with a projected adverse variance of £750,000.

C    Noted the forecast outturn position set out within the report in respect of the Non-Housing Capital Programme as at the end of quarter 1 (April – June) of 2023/24 with a projected adverse variance of £3.781 million.

D    Noted the forecast outturn position set out within the report in respect of the Housing Capital Programme as at the end of quarter 1 (April – June) of 2023/24 with a projected favourable variance of £12.116 million.

E     Noted the Earmarked Reserve Table Summary position as at 31^st March 2023 included within Appendix F to the report.

F     Approved the virements for the Housing Capital Programme identified within the table included in paragraph 20 of the report.

G    Approved the Period 3 reprofiling into 2024/25 within the Non-housing Capital Programme only included within Appendix D to the report.

H    Approved to reprioritise expenditure for a new Garage demolition project within the Housing Capital Programme (HCP) of up to £1.6m. The specific virements required will be delegated to the Section 151 Officer in consultation with the Finance & Governance portfolio holder.