That the Cabinet notes the forecasted revenue outturn position and recommends that Council approves:

The revised Capital Investment Plan (as detailed in Appendix 2).

To ensure the Council operates in a prudent manner and works to maintain a balanced budget.

There were no alternative options considered.

The recommendation of the Cabinet will be considered at the Council meeting on 22 February 2024.

The Budget Monitoring 2023/24 report set out a high-level budget summary of the Council’s revenue and capital position for the financial year 2023/24, comparing budgets with year-end forecasts.  The forecasts were based on the levels of spend and financial information at the end of quarter 3 (up to 31 December 2023).

At the meeting, Councillor Tyerman proposed and Councillor David Thomas seconded a motion that was agreed unanimously by the Cabinet, as set out above.

None.