Decision details

Quarter 1 Budget Monitoring 2023/24

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Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

Resolved:-

(1) that Cabinet note the financial monitoring position as of 30 June 2023 (Quarter 1) and refer the report to the Budget and Corporate Scrutiny Management Board for consideration and comment;

(2) that approval be given to the Treasury Outturn for 2022/23 and Quarter 1 position for 2023/24, as set out in Appendices 6 and 7;

(3) that approval be given to the following virements above £1m in line with the revised delegated limits for Cabinet Members and Directors:

Virements above £1m for approval by Cabinet		£'000	£'000

Borough Economy	Correction to budget savings applied	1,000
Contingency	Correction to budget savings applied		1,000
Social Care Grant - Income	External Placements – correction to Social Care Grant income budget	2,478
Social Care Grant - Exp	External Placements – correction to corresponding expenditure budget relating to Social Care Grant		2,478
Creation of COMF budgets Inc	External Placements – increase in income budget for Contain Outbreak Management Fund income		3,397
Creation of COMF budgets Exp	External Placements – corresponding increase in expenditure budget for Contain Outbreak Management Fund spend	3,397

TOTAL		6,875	6,875

Publication date: 15/09/2023

Date of decision: 13/09/2023

Decided at meeting: 13/09/2023 - Cabinet

Effective from: 26/09/2023

Accompanying Documents: