Decision Maker: Economy and Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Provides Members with the second review of the
Cheshire East Council forecast outturn for the financial year
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 2 November 2023.
2 note the factors leading to a forecast Net Revenue financial underspend of (£1.9m) against a revised budget of £24.8m (7.6%).
3 note the forecast and any further mitigations to be identified.
4 note the in-year forecast Capital Spending of £55.0m against an approved MTFS budget of £71.6m, due to slippage that has been re-profiled into future years.
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.
6 note that Council will be asked to approve the fully funded supplementary revenue estimate over £1,000,000 in accordance with Financial Procedure Rules, as detailed in Annex 1, Appendix 4, Section 3 Corporate Grants Register, Table 2.
Report author: Neil Taylor
Publication date: 20/11/2023
Date of decision: 14/11/2023
Decided at meeting: 14/11/2023 - Economy and Growth Committee
Effective from: 25/11/2023