Issue - meetings
Monthly Finance Performance Report
Meeting: 05/03/2024 - Budget Planning Committee (Item 48)
48 Monthly Finance Performance Report 
PDF 774 KB
Report of Assistant Director of Finance (Section 151 Officer)
Purpose of report
This report summarises Cherwell District Council’s (CDC’s) forecast revenue and capital outturn for 2023/2024 as at 31 January 2024 to give the Committee the opportunity to consider the finance aspects of the report.
Recommendations
The Budget Planning Committee resolves:
1.1 To note the content of the report and to consider and comment on the proposals.
Additional documents:
- Appendix 1 Capital January 2024, item 48
PDF 275 KB
- Appendix 2 - Detailed Revenue Narrative on Forecast January, item 48
PDF 218 KB
- Appendix 3 - Virements, item 48
PDF 316 KB
- Appendix 4 - Funding January, item 48
PDF 342 KB
- Appendix 5 - Use of Reserves and Grant funding January, item 48
PDF 477 KB
- Webcast for Monthly Finance Performance Report
Decision:
Resolved
(1) That, having given due consideration, the finance performance update report be noted.
Minutes:
The Assistant Director of Finance (Section 151 Officer) submitted a report which summarised Cherwell District Council’s forecast revenue and capital outturn for 2023/2024 as at 31 January 2024 to give the Committee the opportunity to consider the finance aspects of the report.
In introducing the report, the Portfolio Holder for Finance advised that the Council’s forecast outturn position for 2023/2024 was an underspend of (£0.059m).? This was after an underspend within Policy contingency which would offset the lower than budgeted in-year income of S31 grant. The overall forecast position was an improvement of (£0.059m) over the previous month’s forecast.
Resolved
(1) That, having given due consideration, the finance performance update report be noted.