Decision details

Second Financial Review 2023/24

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 2023/24


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

Accompanying Documents: