Agenda item

Report of the Chamberlain.

The Committee received a report of the Chamberlain, concerning an update on the operational finance position as of period 6 (April – September) 2023/24 for local risk revenue budget to date and projected year-end outturn position, current live capital projects and outstanding debt position.

Officers provided an update on local and central risk budget performance, projecting an underspend of £468,000 on the Committee’s local risk budget for 2023/24 as of September 2023. Discussion was raised on the report which included outstanding debts, charity reserve funds, and the deficit funding model. Members requested a regular financial update and a deeper understanding of the impact of external funding on the budget.

RESOLVED – That, the report be noted.