Third Financial Review 2023/24 (Economy and Growth Committee)
Meeting: 26/01/2024 - Economy and Growth Committee (Item 46)
46 Third Financial Review 2023/24 (Economy and Growth Committee) 
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To consider a report on the third review of the Cheshire East Council forecast outturn for the financial year 2023/24.
Additional documents:
- Appendix 1 for Third Financial Review 2023/24 (Economy and Growth Committee), item 46
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- Appendix 2 for Third Financial Review 2023/24 (Economy and Growth Committee), item 46
PDF 408 KB
Minutes:
The Committee received the report which provided an overview of the Cheshire East Council forecast outturn for the financial year 2023/24 and the financial performance of the services relevant to the committee remit.
RESOLVED: That the Committee
1 note the report of the Finance Sub Committee of 11 January 2024.
2 note the factors leading to a forecast Net Revenue financial underspend of (£2.8m) against a revised budget of £24.8m (11.3%) for the Economy and Growth Committee.
3 note the forecast and any further mitigations to be identified.
4 note the in-year forecast Capital Spending of £51.0m against an approved MTFS budget of £71.6m, due to slippage that has been re-profiled into future years, in respect of Economy and Growth projects.
5 note the contents of Annex 1 and Appendix 4 and note that any financial mitigation decisions requiring approval will be made in line with relevant delegations.