Issue - decisions

08/05/2024 - Revenue and Capital Outturn 2023/2024



(a) that the key Operating Principles of the Authority to deliver financial sustainability and continue to support the priority focus on improving financial management, control, accountability and capability across services be noted;


(b) that the draft outturn for 2023/24 be noted, after carry forwards and contributions to and from balances, reserves and provisions, shows an increase in the General Fund Balance of £55,000 against the approved revenue budget;


(c) that the 2023/24 revenue outturn is approved, including transactions on earmarked reserves and provisions, spending against budget, treatment of over and under spending and the implications for balances, as set out in the tables and the narrative of the report;


(d) that any variances in the final returns from Districts for business rates grants and pooling gain be taken to the Business Rates Risk Management Reserve;


(e) that the 2023/24 capital outturn is approved including spending against budget and proposed carry forwards, in accordance with the tables;


(f) that the use of capital finance as set out in the Determination of Capital Finance section 11 of the report is approved;


(g) that a total of £9.8 million is set aside from revenue resources as Minimum Revenue Provision for the repayment of capital borrowing;


(h) that the Prudential Indicators, as set out in section 10 of the Report, be noted;


(i) that the total monies owing to the Council, as at 31st March 2024, be noted; and


(j) that the Finance and Public Value Directorate be thanked for their exceptional work, under pressure and with strict deadlines, in delivering the outturn report.