Issue - meetings

To receive the Annual Performance and Provisional Budget Out turn report.

The Committee received the Annual Performance and Provisional Budget Outturn report.

Members of the Housing and Place O&S Panels had been invited to the meeting for consideration of this item.

The report provided an overview of performance over the last year (April 2023 to March 2024) against the Corporate Plan 2020-2024 and set out provisional outturn results for Revenue and Capital budgets for both the General Fund and Housing Revenue Account.

Officers addressed a number of queries, relating to reasons for budgetary variations, and the establishment and subsequent use of the Corporate Priorities Reserves, which was allocated for the Transformation Programme.

A member made reference to the KPI’s relating to Trees removed / planted on NFDC land, and officers undertook to provide further details to the member by email.

RESOLVED:

(1)   That the annual performance and budget outturn report be noted, including:

(a)    the Annual Performance Report for 2023/24;

(b)    the provisional outturn of the General Fund revenue and capital budgets

        for?2023/24;

(c)    the provisional outturn of the Housing Revenue Account and capital  

        budgets for 2023/24; and

(d)    the year-end rephasings, as included within the provisional outturn figures.

(2)   That the Panel request Council approval of;

(e)   the establishment of a new Corporate Priorities Reserves, with an initial

       contribution of £1.5 million in 2023/24 and note the transfer of £262,000  

       in 2023/24 to enhance the Treasury Management Reserve.