Agenda item

Report of the Group Director of Operations.

The Leader of the Council introduced the report (previously circulated) of the Group Director of Operations presenting the 2023/24 revenue outturn, to allow Members to consider the results in the light of the Council’s Medium Term Financial Plan (MTFP), and the Housing Revenue Account outturn.

The submitted report stated that this was the final revenue budget management report for 2023/24; the year-end projection showed an overall improvement in the 2023/24 financial position of £0.545M; there was an improvement of £1.283M on the 2024/25 MTFP opening balance; outlined the variances from the original budget along with changes since the quarter three projected position; and stated that there were a number of carry forward requests, which would assist with projected slippage and pressures in the coming year.

RESOLVED - (a) That the revenue outturn for 2023/24, as detailed in the submitted report, be noted.

(b) That the carry forward of resources referred to in paragraphs 17 to 19, as detailed in the submitted report, be noted and approved.

REASONS - (a) To continue effective management of resources.

(b) To continue to deliver services to agreed levels.