Agenda item

13.1

The Director of Finance and Commercial Services presented a report updating the  Committee with the Council’s revenue outturn position for 2023/24 as at Quarter 2.

The report also sets out new financial pressures facing the Strategy and Resources Committee in 2024/25, and budget options including savings, fees, grant and other income available to the Council to offset these pressures.

13.2

RESOLVED UNANIMOUSLY: That Strategy and Resources Policy Committee:-

(a) notes the updated information and management actions provided on the 2023/24 Revenue Budget Outturn as described in this report;

(b) notes the budget proposals presented to the Policy Committee; and

(c) notes this Committees initial response for budget proposals set out in this report, including savings set out in Part B of this report.

13.3

Reasons for Decision

13.3.1

To record formally changes to the Revenue Budget.

13.4

Alternatives Considered and Rejected

13.4.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.

13.1

The Director of Finance and Commercial Services presented a report updating the  Committee with the Council’s revenue outturn position for 2023/24 as at Quarter 2.

The report also sets out new financial pressures facing the Strategy and Resources Committee in 2024/25, and budget options including savings, fees, grant and other income available to the Council to offset these pressures.

During consideration of this item of business, and in order for Members of the Committee to ask questions on the exempt appendix of the report, it was RESOLVED: That the public and press be excluded from the meeting and the webcast be paused before further discussion takes place on the grounds that, in view of the nature of the business to be transacted, if those persons were present, there would be a disclosure to them of exempt information as described in paragraph 3 of Schedule 12A to the Local Government Act 1972, as amended.

13.2

RESOLVED UNANIMOUSLY: That Strategy and Resources Policy Committee:-

(a) notes the updated information and management actions provided on the 2023/24 Revenue Budget Outturn as described in this report;

(b) notes the budget proposals presented to the Policy Committee; and

(c) notes this Committees initial response for budget proposals set out in this report,

including savings set out in Part B of this report.

13.3

Reasons for Decision

13.3.1

To record formally changes to the Revenue Budget.

13.4

Alternatives Considered and Rejected

13.4.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.