29 Revenue Budget 2023/24 - First Quarter Review PDF 88 KB
Additional documents:
Minutes:
Consideration was given to a report informing of the latest monitoring position on the 2023/24 revenue budget at the end of the first quarter.
COUNCIL RESOLVED - (i) That an amendment to the net revenue
budget for 2023/24 from £289,902,826 to £281,884,964 be approved.
(ii) That the removal of pandemic budget
and the equivalent reserve funding be approved.
(iii) That a £2.4m increase in the 2023/24
HRA budget be approved to reflect the increase in the deprecation charge funded from the HRA reserve.
37 Revenue Budget - First Quarter Review 2023/24 PDF 143 KB
Report of the Strategic Director, Resources and Digital
Minutes:
Consideration has been given to the latest monitoring position on the 2023/24 revenue budget at the end of the first quarter and to recommending the Council to approve budget adjustments. |
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RESOLVED - |
(i) |
That the Council’s revenue expenditure position at the end of the first quarter, as set out in appendices 1 and 2 of the report be noted. |
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(ii) |
That the Council be recommended to approve: |
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a) |
an amendment to the net revenue budget for 2023/24 from £289,902,826 to £281,884,964; |
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b) |
the removal of pandemic budget and the equivalent reserve funding as presented in appendix 2 to the report; and |
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c) |
a £2.4m increase in the 2023/24 Housing Revenue Account (HRA) budget to reflect the increase in the deprecation charge funded from the HRA reserve. |
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(iii) |
That the budget virement as set out in the report be noted. |
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The above decisions have been made to contribute to sound financial management and the long-term financial sustainability of the Council. |