Decision details

Cabinet was updated on the revenue and capital outturn position for 2023/24, and provided with an update on progress with the preparation of the draft annual statement of accounts for 2023/24.

The accounts for 2023/24 had been finalised, subject to audit, and showed an underspending on the General Fund revenue account of £1.826m and an underspending on the Housing Revenue Account (HRA) of £417k when compared to the revised estimates. There was praise for the officers who had prepared the report and it was highlighted that despite the excellent figures these were difficult times for local government finances.

RESOLVED that the:

1.    Accounts summary for the financial year ended 31 March 2024, subject to audit, be approved.

2.    Revenue budget carry forward requests outlined in section 1.4 of appendix 1 and section 2.2 of appendix 2 be approved and included as supplementary revenue estimates in the 2024/25 budget.

3.    Capital budget carry forward requests outlined in appendix 3b be approved and included as supplementary capital estimates in the 2024/25 budget.

Reason

To be accountable for all activities and actions and to ensure that the Council conforms to all financial regulations. The report summarises the Council’s finances at the end of each financial year.