Decision details

Cllr Lynden Stowe provided an update on the Quarter 3 forecast for the 2023/24 County Council’s Revenue and Capital Budgets

Having considered all of the information, Cabinet noted the report and

RESOLVED to:

1. Note the forecast revenue year end position based on Quarter 3 forecasts for the 2023/24 financial year, which is an overspend of £757k.

2. Approve the revised drawdown of £2.892 million from the Pay & Prices reserve for the 2023/24 pay award, as set out in paragraph

3. Note the forecast delivery of £16.328 million of savings against a target of £21.101 million in 2023/24 or 77.38% of target.

4. Note the forecast capital year end position of £159.225 million against a current budget of £157.433 million.

5. Approve an increase in the capital programme of £5.564 million as detailed in section C.

6. Note Section D Treasury Management Prudential Indicators