Decision Maker: Economy and Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Provides Members with the third 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 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.
Report author: Neil Taylor
Publication date: 01/02/2024
Date of decision: 26/01/2024
Decided at meeting: 26/01/2024 - Economy and Growth Committee
Effective from: 09/02/2024