Decision details

Cabinet received a report setting out the 2023/24 Outturn position for the General Fund, Housing Revenue Account, Capital spending and the Council’s Subsidiary Companies.  The report sought approval for changes to 2024/25 working budgets, including an additional £2.434Million for the HRA which would also require Council approval.

It was RESOLVED:

General Fund         

1.         That the 2023/24 actual General Fund net expenditure of £13.397Million be noted, subject to the 2023/24 audit of the Statement of Accounts.

2.         That the 2023/24 actual core resources (government grants, business rates and council tax) of £12.747Million be noted, subject to the 2023/24 audit of the Statement of Accounts (paragraph 4.4).

3.         That carry forward/spend requests totalling £535,600 be approved for the General Fund (paragraph 4.1.3 and 4.3).

4.         That the Transfer to reserves of £1.902Million be approved for the General Fund (paragraph 4.7.1).

5.         That Members note the transfer from allocated reserves in 2024/25 of £78,628 as detailed in paragraphs 4.6.1 - 4.6.3

6.         That the increase in the new tenant administration fee on allotments from £15 to £25 with effect from September 2024 be approved for the General Fund (paragraph 4.6.6).

7.         That the increase in the deposit for outbuildings on allotment plots, from £30 to £50 with effect from September 2024 be approved for the General Fund (paragraph 4.6.6).

8.         That the introduced charge for the woodchips delivered to the allotment sites with effect from September 2024 be approved for the General Fund (paragraph 4.6.6).

            Housing Revenue Account

1.            That the 2023/24 actual in year HRA surplus of £106,271 be noted, subject to the audit of the Statement of Accounts.

2.            That a carry forward requests for decant costs totalling £47,350 (paragraph 4.11.1) be approved.

3.            That the 2024/25 budget pressure of £2,434,050 detailed at paragraph 4.11.2 and in Appendix C, be recommended to Council for approval on 31 July 2024.

Capital Programme

1.            That the General Fund capital budget re-phasing of £4.4Million from 2023/24 to future years and that £1.2Million be re-phased from 2026/27 to 2024/25 be approved.

2.            That the Housing Revenue Account capital budget re-phasing of £3.2Million from 2023/24 to future years be approved.

3.            That the 2024/25 virement and in year growth funded from ringfences receipts detailed on paragraph 4.17.2 of the report be approved.

Council’s Subsidiary Companies

1.            That Members note the 2023/24 outturn position for the Council’s subsidiary companies as set out in paragraphs 4.20 to 4.25.

2.            That additional funding for the Building Control Company be approved in principle and the decision delegated to the Strategic Director (CFO) after consultation with the Portfolio Holder for Resources and Transformation (paragraph 4.24.3).