Decision details

REVENUE BUDGET MONITORING 2023/24 PERIOD 6

Decision Maker: City Mayor (Individual Decision)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Decisions consequential to the monitoring of expenditure in 2023/24 (if any).

Decision:

To approve the £0.5m budget reduction detailed in the report, 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: 18/12/2023

Date of decision: 29/12/2023

Effective from: 09/01/2024

Accompanying Documents: