Decision details

Revenue Expenditure Outturn 2023/24

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To note the outturn position for the year and approve earmarked reserves.

Decision:

RESOLVED that

 

i.       the outturn expenditure for 2023/24, subject to audit, of £90.512m is noted, which represents an overspend of £1.225m compared with the approved budget.

 

ii.     the earmarked reserves as set out in Annexe C are approved.

 

iii.    the virements relating to the 2023/24 budget (see Annexe D) are approved

 

 

RECOMMENDED that Council note the Treasury Management performance in 2023/24 as set out in Annexe B.

Reasons for the decision:

The recommendations are intended to inform the Executive of financial performance

against budget in the 2023/24 financial year.

Alternative options considered:

The report sets out the Council’s actual financial performance in 2023/24 and the

consideration of options is not therefore appropriate.

Interests and Nature of Interests Declared:

None

Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;

Wards Affected: (All Wards);

Financial Impact: The outturn position impacts on reserves.

Declarations: None

Subject to Urgent Proceedings: No

Making Representations: In writing to the Executive Director: Resources

Other reasons / organisations consulted

None

Consultees

None

Contact: Arthur Parker, Chief Accountant Email: arthur.parker@bracknell-forest.gov.uk Tel: 01344 352158.

Report author: Arthur Parker

Publication date: 16/07/2024

Date of decision: 16/07/2024

Decided at meeting: 16/07/2024 - Executive

Effective from: 25/07/2024

Accompanying Documents: