Decision details

The Committee gave consideration to a report providing a summary of the financial monitoring reports as at the end of June 2023.  There were five detailed reports setting out the position as at 30 June 2023 which included the Revenue Budget Monitoring Report; Monitoring of Financial Risks; Capital Plan Monitoring Report; Treasury Monitoring Report and Reserves and Balances.

Decision

The Policy and Resources Committee –

1.    noted the revenue budget monitoring report as at 30 June 2023;

2.    noted the financial risks for 2023-24;

3.    noted the capital plan monitoring report as at 30 June 2023;

4.    approved the proposed changes to the capital plan as outlined in Appendix 4 of the capital plan monitoring report;

5.    noted the treasury monitoring report as at 30 June 2023;

6.    noted the reserves and balances report as at 30 June 2023;

7.    agreed to recommend to Council that the revenue virements over £0.200m during April to June 2023 are approved; and

8.    agreed to recommend to Council that the revenue virements over £0.200m outstanding from 2022-23 year are approved, per paragraph 2.6.3 of the submitted report.

(Reference:  Report by Section 95 Officer dated 7 July 2023, submitted)