Issue - meetings

Report of the Senior Leadership Team

Councillor Clarke confirmed there was an amendment on page 57 at paragraph 2.5.1, as follows:

The wording currently states:

The Council also made provision to alleviate the impact of some of the pressures for the most financially vulnerable residents and delivered £107,400 of Hardship relief to council taxpayers who are in receipt of Council Tax Reduction Scheme (CTRS) support and an additional £214,700 to care leavers.

The wording should state

The Council also made provision to alleviate the impact of some of the pressures for the most financially vulnerable residents and delivered support of £107,400 to care leavers, and £214,700 of Hardship relief to council taxpayers who are in receipt of Council Tax Reduction Scheme (CTRS).

RESOLVED that:

Council approves the method of financing the 2023/24 capital expenditure which includes making the determinations required for the minimum revenue provision

Report of the Senior Leadership Team

The Chief Finance Officer introduced a report, which had been circulated in advance of the meeting, informing members of the budget outturn and budget carry forwards for 2023/24.

The report also asked Cabinet to note the final outturn position for 2023/24 and:

1)    Approve the movements on earmarked reserves and provisions;

2)    Note the capital carry forward budgets approved by the Chief Finance Officer in accordance with financial regulations;

3)    Approve the carry forward of non-committed capital budgets from 2023/24 as additions to the 2024/25 budget in accordance with financial regulations; and

4)    Recommend that Council approve the method of financing the 2023/24 capital expenditures which includes making the determinations required for the minimum revenue provision.

RESOLVED to:

1)    Note the budget outturn figures for 2023/24;

2)    Approve the movements in earmarked reserves and provisions as detailed in paragraph 2.7 of the report;

3)    Approve the reimbursement of £1,454,360 CIL funds into earmarked reserves as detailed in paragraph 2.10 of the report;

4)    Note the capital carry forwards approved by the Chief Finance Officer included in appendix 6 to the report, being amounts not in excess of £50,000 and committed schemes above £50,000;

5)    Approve the capital carry forwards of £1,883,400 included in appendix 6 to the report for non-committed schemes in excess of £50,000; and

6)    Refer to full Council for approval:

                         i.         The overall method of financing of the 2023/24 capital expenditure as set out in paragraph 3.4; and

                       ii.         The determination of the minimum revenue provision for the repayment of debt as set out in paragraph 3.5.