Issue - meetings
Medium Term Financial Plan: Budget Monitoring Report April-June 2023 (Q1)
Meeting: 21/09/2023 - Cabinet (Item 31)
31 Medium Term Financial Plan: Budget Monitoring Report April-June 2023 (Q1) 
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Report of Councillor P Kerry, Deputy Leader of the Council and Portfolio Holder for Strategic Leadership and Finance.
Decision:
RESOLVED – That Cabinet noted the Quarter One budget monitoring position outlined in the report and detailed in Appendices 1-4 of the report.
REASONS FOR DECISION – The report summarised the financial position of the Council following the first quarter’s budget monitoring exercise for the General Fund, the Housing Revenue Account and Capital Programme.
OTHER OPTIONS CONSIDERED AND REJECTED – None. The report set out information monitoring the position against the Council’s previously approved budget.
Please note that this was not a Key Decision so can be implemented by officers with immediate effect.
Minutes:
The report to Cabinet included an update on the financial position of the Council following the first quarter of the 2023-24 financial year budget monitoring exercise for the General Fund, the Housing Revenue Account and the Capital Programme. Members heard that the General Fund was projected to be underspent during the quarter. The reasons for this were set out in the report. Cabinet was also informed of variations between Directorates and the impact which the probable nationally determined pay settlement would have on the Council. This impact would need to be provided for in the revised budget.
Members heard that the Housing Revenue Account (HRA) had been stable during the quarter. They also noted the position on HRA Capital Programme, following the start of work on the North Wingfield New Build Scheme.
RESOLVED – That Cabinet noted the Quarter One budget monitoring position outlined in the report and detailed in Appendices 1-4 of the report.
REASONS FOR DECISION – The report summarised the financial position of the Council following the first quarter’s budget monitoring exercise for the General Fund, the Housing Revenue Account and Capital Programme.
OTHER OPTIONS CONSIDERED AND REJECTED – None. The report set out information monitoring the position against the Council’s previously approved budget.