Decision details

RESOLVED

That the Executive:

a)    Noted the Council’s forecast outturn position for 2023/24 as summarised in Section 4, alongside the further analysis, risks and other considerations as set out in Section 5 to Section 7 of the report.

b)    Noted the release of the contingency budget, totalling £2.222m, to fund the pay award pressures.

c)    Noted the assessment of the current deliverability of the 2023/24 savings proposals in Appendix A.

Reason for Recommendations – to note the forecast financial position for 2023/24 as at Period 7 and consider the impact on this year and future years budgets.

Alternative Options Considered: The report focuses on the forecast revenue outturn against budget for 2023/24 and makes recommendations for the Executive to note the current budgetary position as such there are no specific choices within the report.