Issue - meetings

The Executive Member for Finance introduced the item and advised:

·       The draft accounts 2023/24 had been published.

·       The 2023-24 external audit had commenced.

·       There is a forecast surplus of just over £1,000,000 resulting from variations to the original budget. This included income shortfall of £120,000 from Development Management, extra income of £652,000 from investments, £153,000 extra income from car parking charges, decrease in fuel cost of 140,000, recycling income increase of £223,000 resulting from increase price for glass, plastic and cardboard. Leisure Membership growth also provided an additional £158,000.

Revenue reserves are considered sufficient for the current financial year but there is a budget shortfall of 2.2 million for the next financial year.

The Executive Member for Finance thanked staff for their work.

RESOLVED

1.     The revenue budget variations for 2024/25 as shown at appendix 1 be approved

2.     Approve the updated capital programme as shown at appendix 2

3.     Note the updated lending list as shown at appendix 3

4.     Note the mid year review of Treasury Management shown at appendix 4