Issue - meetings

Financial Monitoring Report

Meeting: 14/05/2024 - Cabinet (Item 11.)

11. Financial Monitoring Report (updates on funding and any other budget changes for 2024/25 since February 2024) pdf icon PDF 383 KB

Cabinet Member: Finance

Forward Plan Ref: 2024/060

Contact: Kathy Wilcox, Head of Financial Strategy

Kathy/wilcox@oxfordshire.gov.uk

 

Report by Executive Director of Resources and Section 151 Officer (CA11).

 

The Cabinet is RECOMMENDED to

 

a)    agree the virements in Annex 1a and note the virements in Annex 1b.

b)   note the anticipated reduction in business rates funding of £0.7m in 2024/25 compared to the assumptions in the budget, and the proposed use of additional business rates income notified in late 2023/24 to replace this.

 

 

 

Additional documents:

Decision:

Recommendations approved.