Decision details

2023-24 Financial Monitoring Report - Forecast Position as at Q3

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


This report provides Cabinet with an update on the Council’s financial performance.




That Cabinet


1)    notes the forecast net service overspend of £7.281m (1.9%) that would need to be funded from the Directorate and General Risk Reserves at the end of 2023/24;

2)    notes the forecast delivery of savings for 2023/24 of £6.857m, and the consequent shortfall against the target;

3)    notes the forecast capital spend for 2023/24 of £151.389m; and

4)    notes and approves the movement in the forecast spend on the capital programme of £51.256m from 2023/24 into future years and notes the carry forward of Corporate schemes of £31.950m and S278 contributions of £0.184m.

Report author: Natalia Hodgetts

Publication date: 25/01/2024

Date of decision: 23/01/2024

Decided at meeting: 23/01/2024 - Cabinet

Accompanying Documents: