Decision details

RESOLVED that Cabinet:

A     Noted:

               i)         The forecast outturn position set out within the report in respect of the General Fund as at the end of quarter 3 (April – December) of 2023/24 is an adverse variance of £371,000.

              ii)         The update contained within the report that this has changed to a forecast favourable variance at the end of Period 10 (January 2024) of £26,000.

B     Noted:

               i)         The forecast outturn position set out within the report in respect of the Housing Revenue Account as at the end of quarter 3 (April – December) of 2023/24 is an  adverse variance of £778,000.

              ii)         The update contained within the report that this has increased to a forecast adverse variance at the end of Period 10 (January 2024) of £822,000.

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 3 (April – December) of 2023/24 with a projected favourable variance of £2.946 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 3 (April – December) of 2023/24 with a projected favourable variance of £3.358 million.

E     Approved the Period 9 reprofiling into 2024/25 within the Housing and Non-Housing Capital Programmes included within Appendices C and D.

F      Recommended to Full Council the approval of the Budget allocations identified for 2023/24 within the Housing and Non-Housing Capital Programmes included within Appendices C and D to the report.

G     Noted the council’s Oflog metric data at Quarter 3.