Decision details

The Executive considered a report in respect of the Second Quarter Revenue Budget Monitoring 2023/24.

It was RESOLVED:

General Fund

1.          That the 2023/24 Second Quarter projected net increase in General Fund expenditure of £1,850 be approved.

2.          That it be noted that the cumulative changes made to the General Fund net budget remains within the £400,000 increase variation limit delegated to the Executive.

3.          That the proposed movement on reserves, as detailed in Paragraph 4.2.1 of the report, be noted.

Housing Revenue Account (HRA)

4.          That the 2023/24 Second Quarter projected net budget underspend in the HRA of £1,229,920 be approved.

5.          That it be noted that the cumulative increases made to the HRA net budget remains within the £400,000 variation limit delegated to the Executive in the January 2023 budget report.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.