Decision details
REVENUE BUDGET MONITORING APRIL-JUNE 2023/24
Decision Maker: City Mayor (Individual Decision)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
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This report is the first in the monitoring cycle for 2023/24 and provides early indications of the significant financial pressures the Council is facing this year, and the worsening picture for future years’ budgets. |
Decision:
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To approve the reductions to budgets described in Appendix C and for the in-year underspend to be transferred to the Managed Reserve Strategy; and delegate authority to the Director of Finance to determine the specific budget ceilings affected. |
Reasons for the decision:
The City Mayor and Overview Select Committee receive a report on the forecast revenue budget position regularly throughout the year (as well as an outturn report at the end of the year). These decisions are consequential to the monitoring exercise.
Alternative options:
Not applicable.
Publication date: 06/10/2023
Date of decision: 13/10/2023
Effective from: 21/10/2023
Accompanying Documents:
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