Purpose

The
Cabinet will be asked to approve the Council’s final revenue
and capital outturn position for 2022/23 and, if necessary, any
appropriate in-year budget adjustments.

Content

The
Cabinet will be asked to approve the Council’s final revenue
and capital outturn position for 2022/23 and, if necessary, any
appropriate in-year budget adjustments.

Cabinet resolved
to:
 
(i)  Note
that the General Fund provisional outturn position for 2022/23 was
£194.079m, which represented an overspend of £25.509m
once movements to and from reserves, income and an increase in
corporate funding had been taken into account, as detailed in
Appendix A to the report;
 
(ii)  Agree the
transfers from corporate reserves to mitigate the 2022/23
overspend, as detailed in Appendix A to the report;
 
(iii)  Note that the
Housing Revenue Account provisional outturn position for 2022/23
showed an overspend of £2.405m which shall be met from the
HRA Reserve, as detailed in Appendix A to the report;
 
(iv)  Note that the
Dedicated Schools Grant (DSG) budget provisional outturn position
for 2022/23 showed an overspend of £0.592m which shall be met
from the DSG Reserve, as detailed in Appendix A to the report;
 
(v)  Note that the
Capital Programme provisional outturn position for 2022/23 showed
an underspend of £92.09m against the revised budget of
£467.868m and approve the carry forwards to 2023/24, as
detailed in Appendices B and C to the report; and
 
(vi)  Note the update on
progress on the year-end accounts and the work still outstanding,
as set out in section 5 of the report.