Issue - meetings
Financial Performance Report, Quarter 1 2023/24
Meeting: 07/09/2023 - Cabinet (Item 28)
28 Financial Performance Report, Quarter 1 2023/24 
PDF 486 KB
Additional documents:
- Appendix A - Overview and Commentary Q1, item 28
PDF 145 KB
- Appendix B - General Fund Variances Q1, item 28
PDF 35 KB
- Appendix C - Housing Revenue Account Variances Q1, item 28
PDF 26 KB
- Appendix D - Capital Programme Non Housing Variances Q1, item 28
PDF 63 KB
- Appendix E - Capital Programme Housing Variances Q1, item 28
PDF 30 KB
- Appendix F - Earmarked Reserves, item 28
PDF 40 KB
Decision:
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 31st 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.
Minutes:
Cabinet received the Quarter 1 Finance Report for 2023/24, including the amended conditions which had been circulated on a supplementary agenda.
Proposed by Councillor James Leppard (seconded by Councillor Michael Hardware) it was:
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 31st March 2023 included within Appendix F.
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.
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.