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North Wales Economic Ambition Board
2023-24 REVENUE AND CAPITAL BUDGET - END OF AUGUST 2023 REVIEW
RESOLVED (1) To note and accept the Ambition Board's end of August 2023 revenue review (Appendix 1 to the report). (2) To note and accept the Ambition Board's reserves update (Appendix 2). (3) Agree on the Ambition Board's revised capital expenditure profile (Appendix 3). REASONS FOR THE DECISION (1) To note a projected underspend of £266,683 against the revenue budget in 2023/24 that was mainly due to the success of the Portfolio Management Office with their application to the regional Shared Prosperity Fund. The final underspend at the end of the financial year would be used to reduce t…
Governance and Audit Committee
REVENUE BUDGET 2023/24 –END OF AUGUST 2023 REVIEW
RESOLVED 1. To accept the report and note the situation and relevant risks in the context of the Council's budgets and its departments 2. To agree with the recommendation to the Cabinet: · To transfer £3,275k of underspend on corporate budgets to the Council’s Financial Strategy Reserve Fund · That work had already been commissioned by the Chief Executive to gain a better understanding of exceptional overspending by the Adults, Health and Well-being Department, setting out a clear programme in response to the situation Note: there was significant overspending by the Adults, Health and Wel…
The Cabinet. The Cabinet makes most of the council's decisions.
Revenue budget: end of August review
The Cabinet accepted the end of August review of the revenue budget, which is the day-to-day spending budget. It noted significant overspending expected in four departments and supported the Chief Executive's commission for work on adult care, to be led by the Statutory Director of Social Services.
Items are linked when their titles share most of their words and they fall within 18 months of each other. Councils don't number reports across meetings, so a few links may be wrong, and a step may be missing if its title changed a lot. Each step links to the meeting, where the council's own papers are.