Agenda item

To consider the report of the Cabinet Member for Finance and Change summarising the General Fund and Housing Revenue Account (HRA) financial position for the 9 months to the end of December 2023.

DECISION MADE: (CAB 23/24 43653)

On consideration of the report of the Cabinet Member for Finance and Change, Cabinet approved the following:

General Revenue Fund

(i)  Note the forecast outturn position is a £11.83M deficit, after taking account of £23.97M agreed in-year cost control measures and savings, as outlined in paragraphs 3 to 11.

(ii)  Note the performance in delivering agreed savings plans and in-year cost control measures for 2023/24 as detailed in paragraph 12.

(iii)  Note the performance of treasury management, and financial outlook in paragraphs 13 to 17.

(iv)  Note the performance against prudential indicators in paragraphs 18 and 19.

(v)  Note the forecast year end position for reserves and balances as detailed in paragraphs 20 to 22.

(vi)  Note the Key Financial Risk Register as detailed in paragraph 23.

(vii)  Note the improvement in the Dedicated Schools Grant cumulative deficit detailed in paragraph 27.

(viii)  Note the performance indicators detailed in paragraphs 30 to 31.

(ix)  Note the forecast outturn position outlined in the Collection Fund Statement detailed in paragraphs 35 to 40.

Housing Revenue Account

(x)  Note the forecast outturn position is a surplus of £0.59M as outlined in paragraphs 32 to 34.