Decision details

Finance Monitoring Report October 2024

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To provide a monthly budget monitoring report to Executive

 

Decision:

Resolved

 

(1)          That the council’s financial management report as at the end of October 2024 be noted.

 

(2)          That the movements in reserves requested as set out in Appendix 5 to the report be approved.

 

(3)         That the reprofiling of capital projects beyond 2024/25 as set out at section 4.2.3 of the report and Appendix 1 to the report and the subsequent update to the programme budget for this financial year 2024/25 be approved.

 

(4)         That the reduction in capital budget for S106 Development of Activity Play Zones from £0.600m to £0.142m to reflect the actual cost to the Council be approved and it be noted that the remaining £0.458m is to be met by the Football Foundation. 

 

Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;

Reason No Public Access: There may be exempt appendices by virtue of paragraph 3 of schedule 12A of Local Government Act 1972

Declarations: None

Subject to Urgent Proceedings: No

Contact: Michael Furness, Assistant Director Finance & S151 Officer Email: michael.furness@cherwell-dc.gov.uk Tel: 01295 221845.

Report author: Michael Furness

Publication date: 03/12/2024

Date of decision: 02/12/2024

Decided at meeting: 02/12/2024 - Executive

Effective from: 10/12/2024

Accompanying Documents: