Purpose

To consider an update on the Council’s Medium Term Financial position including the provisional revenue outturn for 2022/23 including use of reserves, the provisional capital outturn, and an update of the capital programme. 

Decision

RESOLVED –

(a)           THAT the update on the Council’s Medium Term Financial Strategy and the Council’s medium term financial position summarised in paragraphs 2.2 to 2.7 of the report be noted.

(b)           THAT the impact of inflation and the cost-of-living emergency on the borough and the steps being taken to help support residents detailed in paragraphs 2.16 to 2.23 of the report be noted.

(c)           THAT the 2022/23 General Fund & Housing Revenue Account revenue and capital outturn positions set out in paragraphs 2.39 to 2.46 and 2.69 to 2.76. of the report be noted. 

(d)           THAT the allocations to and from earmarked reserves as set out in sections 2.47 to 2.53 and Appendix A for inclusion in the Statement of Accounts be agreed.

(e)           THAT the revised Capital Programme, funding and capital receipts targets summarised and presented in paragraphs 2.77 to 2.81 of the report, and Appendix B be agreed.

(f)             THAT the additions to the capital programme in paragraph 2.59 to 2.68 of the report be agreed.

(g)           THAT the risks associated with our financial position outlined in section four of the report be noted.