Decision details

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.