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Details
Title:
2023/24 Quarter 3 Financial Performance Report
Details:
Report of the Cabinet Member with responsibility for Resources and Value for Money.
Implementation Date (not before):
Tue 6 Feb 2024
Implementation Date Notes:
1. To receive an overview of Council’s Financial performance, comparing the actual expenditure and income position at the end of Quarter three (April – December 2023), to the approved General Fund budget for 2023/24 for both Revenue and Capital.
2. To receive a summary of the Housing Revenue Account’s (HRA) Revenue and Capital Position at the end of December 2023, which includes a forecast position of reserves.
3. To receive a detailed summary of the key risks highlighted within 2023/24, which may lead to future General Fund and HRA financial implications over the duration of the Medium Term Financial Strategy (MTFS).
Department:
Financial Services, Corporate Performance & Risk Management
Include Item on Forward Plan:
No
Estimated Cost:
Not Applicable
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
Yes
Is Decision County Wide:
Yes
Would the recommended decision be contrary to the budget and policy framework:
No
Budget Provision:
Continuing review of the Council’s budgets following the annual budget setting is a key part of ensuring the Council’s activities remain sustainable and deliver value for money.
Documents to be Given to Decision Maker:
No other options were considered.
Decision Proposed:
1. That the Council’s financial position for the period April – December 2023 against the profiled General Fund budget, and the forecast position for the end of the year, be noted.
2. That the approved budget change variations following the original 2023/24 budget approval in February 2023 and the impact on the General fund for 2023/24 be noted.
3. That the areas of financial risk identified, the impact of which is reflected in the Medium-Term Financial Strategy, be noted.
Decision Conclusion:
None.
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
Aldeburgh and Leiston; Beccles and Worlingham; Bungay and Wainford; Carlford and Fynn Valley; Carlton and Whitton; Carlton Colville; Deben; Eastern Felixstowe; Framlingham; Gunton and St Margarets; Halesworth and Blything; Harbour and Normanston; Kelsale and Yoxford; Kesgrave; Kessingland; Kirkley and Pakefield; Lothingland; Martlesham and Purdis Farm; Melton; Orwell and Villages; Oulton Broad; Rendlesham and Orford; Rushmere St Andrew; Saxmundham; Southwold; Western Felixstowe; Wickham Market; Woodbridge; Wrentham, Wangford and Westleton
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
This Decision does not contain any Overview and Scrutiny records.
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Decision History
| 26/01/2024 13:27:41 | Matt Makin | Business Item Created | |
| 26/01/2024 13:27:41 | Matt Makin | Committee Added | Cabinet |
| 26/01/2024 13:27:41 | Matt Makin | Meeting Added | 06/02/2024 6:00PM |
| 26/01/2024 13:28:07 | Matt Makin | Ward Added | Aldeburgh and Leiston |
| 26/01/2024 13:28:07 | Matt Makin | Ward Added | Beccles and Worlingham |
| 26/01/2024 13:28:07 | Matt Makin | Ward Added | Bungay and Wainford |
| 26/01/2024 13:28:07 | Matt Makin | Ward Added | Carlford and Fynn Valley |
| 26/01/2024 13:28:07 | Matt Makin | Ward Added | Carlton and Whitton |
| 26/01/2024 13:28:07 | Matt Makin | Ward Added | Carlton Colville |
| 26/01/2024 13:28:07 | Matt Makin | Ward Added | Deben |
Approval/Comments
No history found.