Decision details
2023/24 Quarter 2+ Budget Monitoring Update (Non-Key)
PDF 206 KBDecision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
The purpose of the report is to provide a
summary of the Quarter 2+ revenue forecast outturn incorporating
the business as usual forecast. The report also provides an update
on the Dedicated Schools Grant (DSG), Housing Revenue Account
(HRA), Collection Fund
and updates to the Capital Programme. The report also provides
updates on budget
virements to be incorporated into the 2024/25 budget setting
process.
Decision:
The Cabinet has considered the Quarter 2+ revenue forecast outturn including an update on the Dedicated Schools Grant, Housing Revenue Account, Collection Fund, updates to the Capital Programme and budget virements to be incorporated into the 2024/25 budget setting process, and has agreed to:-
(1) Approve the virements to the Revenue Budget.
(2) Note the cash limit and non-cash limit forecast outturn positions for 2023/24 as at Quarter 2+.
(3) Note the DSG, HRA and Collection Fund forecast outturn positions for 2023/24 as at Quarter 2+.
(4) Note the update on Reserves.
(5) Note the update on the council’s medium term financial position.
(6) Note the forecast position for the 2023/24 Capital Programme.
(7) Note the changes to the Capital Programme and re-phasing of schemes during Quarter 2+.
(8) Note the 2023/24 Capital Programme Prudential Indicators.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Equality and/or Environmental Impact Assessment: N/A
Decision Reference: CAB439
Declarations or conflicts of Interest: None.
Other reasons / organisations consulted
N/A
Contact: Jonathan Davies, Corporate and Support Services Email: jonathan.davies@stockport.gov.uk Tel: 218 1025.
Report author: Michael Shields
Publication date: 31/01/2024
Date of decision: 30/01/2024
Decided at meeting: 30/01/2024 - Cabinet
Effective from: 07/02/2024
Accompanying Documents: