Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
The Service Director of Finance and Improvement Services provided the Cabinet with an overview of the Council’s performance, both from a financial and operational perspective, based on the first nine months of this financial year (to the 31st December 2023).
The Cabinet Member for Climate Change and Corporate Services recognised the difficult environment which services were operating in; and the cost pressures across the Council, impacted by increased demand and higher level of inflation. However, the Cabinet Member remained reassured by the robust service management arrangements and proactive work across services to address the challenges. The Cabinet Member was particularly pleased to note the significant Capital Programme expenditure, which demonstrated a sustained year on year investment across the Council’s assets and infrastructure.
The Leader spoke of the almost £2.5M projected overspend, which was largely down to the £2.7M overspend within social services. The Leader advised that this was an area of huge pressure in almost all Local Authorities and explained that the statutory demands must be met, despite financial pressures.
The Cabinet RESOLVED:
Revenue
1. To note and agree the General Fund revenue outturn position of the Council as at the 31st December 2023 (Section 2 of the Executive Summary);
2. To request that Cabinet approve the virements listed in Sections 2a - e of the Executive Summary that exceed the £0.100M threshold as per the Council's Financial Procedure Rules;
Capital
3. To note the capital outturn position of the Council as at the 31st December 2023 (Sections 3a – e of the Executive Summary);
4. To note the details of the Treasury Management Prudential Indicators as at the 31st December 2023 (Section 3f of the Executive Summary); and
Corporate Plan Priorities
5. To note the Quarter 3 progress updates for the Council’s Corporate Plan priorities (Sections 5 a – c of the Executive Summary) that include updates in respect of the Council’s on-going work to deliver its Climate Change ambitions.
Publication date: 20/03/2024
Date of decision: 20/03/2024
Decided at meeting: 20/03/2024 - Cabinet
Accompanying Documents: