Decision details

Third Financial Review 2023/24 (Economy and Growth Committee)

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 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 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

Accompanying Documents: