Decision details

To inform Cabinet of the income and expenditure (known as “Outturn”) for the Council for 2023/24 and reasons for variations.

Members considered the Council Revenue and Capital Outturn 2023/24 report presented by Councillor Boden.

Councillor Mrs French thanked both Councillor Boden and officers for the work they had done. Councillor Boden thanked Councillor Mrs French but stated that much of the work was undertaken by the officers and he gave his thanks to the Finance Team for the report which, as ever, had been produced professionally and very clearly.

Proposed by Councillor Boden, seconded by Councillor Mrs French and AGREED that:

(i)           The Outturn for the Council’s General Fund services in 2023/24, as detailed at Appendix A and Section 2 of the report, be noted and that Members note the transfer of the deficit to the Budget Equalisation Reserve;

(ii)          The reasons for the variations from revised estimate be noted;

(iii)        The current position on the Cambridgeshire Horizons Reserve, as detailed in Section 3 of this report be noted;

(iv)        The proposed Capital Funding schedule for 2023/24 at Appendix B(i) be approved.