The Committee gave consideration
to a report providing a summary of the financial monitoring reports as at the end
of October 2023. There were five detailed reports setting out the position as
at 31 October 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 October 2023;
2. noted the financial risks for 2023-24;
3. noted
the capital plan monitoring report as at 31 October 2023 and approved the
proposed changes to the capital plan outlined in Appendix 4 of that report;
4. noted
the treasury monitoring report as at 31 October 2023;
5. noted
the reserves and balances report as at 31 October 2023; and
6.
agreed to recommend to Council that
the revenue virements over £0.200m during September and October 2023 are
approved.
(Reference: Report by Section 95
Officer dated 3 November 2023, submitted)