Issue - meetings

Report of Assistant Director of Finance

Purpose of report

This report summarises Cherwell District Council’s (CDC’s) forecast revenue and capital outturn for 2023/2024 as at 31 July 2023 to give the Committee the opportunity to consider the finance aspects of the report.

Recommendation

The meeting is recommended:

1.1          To note the contents of this report.

Resolved

(1)       That the contents of the report be noted.

The Assistant Director of Finance submitted a report that summarised the council’s forecast revenue and capital outturn for 2023/2024 as of 31 July 2023.

In response to a question from the Committee regarding if officers had prepared or were putting plans in place to address a potential loss of income if the government changed the law to  replace glass bottle bank recycling with kerbside collection, Councillor Nell, Portfolio Holder for Finance, advised that there were regular discussions on the price of recycled glass and that officers would provide a written response to the Committee.

In response to questions from the Committee asking for the background to why the property area was showing the greatest change for the worse in the report, the Strategic Business Partner advised the Committee that the main reason is that there was currently a dependency on the use of agency staff in certain areas however recruitment is currently on going in this area.

Following a question from the Committee regarding the use of grants in how the capital programme would be financed and what grants specifically these were, the Portfolio Holder for Finance advised that there were many grants. Officer would provide a written response to the Committee.

Resolved

(1)       That the report be noted.