Decision details

Quarter 4 Budget Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To report the provisional financial outturn position for 2023/24 for revenue and capital budgets, subject to external audit. The 2023/24 outturn shows a net overspend of £8.7 million after the use of reserves and recovery plan actions..

Decision:

That Cabinet:

 

a) reviews the financial outturn for 2023/24, as set out in the appendices A-E, and identifies any additional actions to be considered

Alternative options considered:

Cabinet may choose to review financial performance more or less frequently; or request alternative actions to address any identified areas of variance from budget, including referral to the relevant scrutiny committee. This is not recommended as existing budget monitoring arrangements are robust and effective.

Wards Affected: (All Wards);

Contact: Rachael Hart, Head of Strategic Finance Email: Rachael.Hart@herefordshire.gov.uk Tel: 01432 383775.

Publication date: 16/05/2024

Date of decision: 16/05/2024

Effective from: 23/05/2024

Accompanying Documents:

  • Quarter 4 Budget Report