The Committee gave
consideration to a report providing a summary of the financial monitoring
reports as at the end of August 2023. There were five detailed reports setting
out the position as at 31 August 2023 which included the Revenue Budget
Monitoring Report; Monitoring of Financial Risks; Capital Plan Monitoring
Report; Treasury Monitoring Report and Reserves and Balances.
Decision
The Policy and
Resources Committee –
1. noted the revenue budget monitoring report as at 31 August 2023;
2. noted the financial risks for 2023-24;
3. noted the capital plan monitoring report as at 31 August 2023 and approved the proposed changes to the capital plan as outlined in Appendix 4 of that report;
4. noted the treasury monitoring report as at 31 August 2023;
5. noted the reserves and balances report as at 31 August 2023; and
6. agreed to recommend to Council that the revenue virements over £0.200m during July and August 2023 are approved.
(Reference: Report
by Section 95 Officer dated 8 September 2023, submitted)