Decision details

EB Corporate Revenue Budget Monitoring Quarter 1 2024-25

Decision Maker: Executive Board

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Revenue budget monitoring Quarter 1 2024/25

Decision:

RESOLVED -

 

It is recommended that Executive Board:-

 

a) give approval to the Portfolio Cash Limit Adjustments as outlined in Appendix 1;

 

b) note the General Fund Budget Summary position as at 30th June 2024;

 

c) note the current forecast overspend of £1.931m at the end of Quarter 1 and, in relation to the position of the individual Portfolios, request Portfolio Holders to review their budgets for the remainder of 2024/25 with a view to identifying potential mitigating actions.

 

d) note the Earmarked Reserves and General Fund Balance position as at 30th June 2024.

Report author: Jenny Bradley

Publication date: 09/08/2024

Date of decision: 08/08/2024

Decided at meeting: 08/08/2024 - Executive Board

Effective from: 16/08/2024

Accompanying Documents: