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Decision details

Financial Forecast Report Quarter 1 2023/24

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report sets out the current forecast of income and expenditure versus the revenue budget for 2023/24 and other key financial data.

Decision:

Cabinet RESOLVED:

 

(1)      To note the new grant funding received in year, the overall financial position and the actions being taken to manage the issues arising as detailed within the report.

 

(2)      To note the savings delivery tracker as detailed in Appendix A of the report.

 

(3)      To approve the virements as set out in section 3.7.7 of the report.

 

(4)      To note that for the 2023/24 Q1 monitoring period the Council had complied with its Prudential Indicators which had been approved by Full Council as part of the Council’s Treasury Management Strategy Statement and Capital Strategy Statement, as set out in Appendix B of the report.

Reason Key: Affects more than 2 wards;

Wards Affected: (All Wards);

Contact: Minesh Patel, Corporate Director Finance and Resources Email: minesh.patel@brent.gov.uk Tel: 020 8937 4043.

Report author: Benjamin Ainsworth

Publication date: 17/07/2023

Date of decision: 17/07/2023

Decided at meeting: 17/07/2023 - Cabinet

Effective from: 25/07/2023

Accompanying Documents:

 

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