The Director of Regeneration and Place presented his report which set out the financial monitoring information for the Economy Regeneration and Housing Committee as at Quarter 2 (30 September) of 2023/24. The report provided Members with an overview of budget performance, including progress on the delivery of the 2023/24 saving programme and a summary of reserves and balances, to enable the Committee to take ownership of the budgets and provide robust challenge and scrutiny to Officers on the performance of those budgets.

Resolved – That Committee noted:

1.  The adverse revenue forecast of £1.3m as at Quarter 2;

2.  The progress on delivery of the 2023-24 savings programme at Quarter 2; 

3.  The level of reserves at Quarter 2; and

4.  The capital programme of £52.238m for 2023-24