Content

1.1
To
note the final financial position of the Council’s departments for 2022/23.

 

1.2
To
approve the amounts to be carried forward (the “Revised Over/ (Under) Spend”
column of the summary in Appendix 1), namely:

 

DEPARTMENT


£’000





Adults,
Health and Well-being


100




Children
and Families


76




Education


(96)




Economy
and Community


0




Highways
and Municipal


100




Environment


6




Gwynedd
Consultancy


0




Housing
and Property


0




Corporate
Management Team and Legal


(17)




Finance


(10)




Corporate
Support


(16)

 

1.3
To
approve the following recommendations and financial virements (as outlined in
Appendix 2):

 

·       In the Education Department, that
£1,304k of additional electricity inflation and salaries of school assistants
and administrative staff costs that is above the budget is funded from the
balances of individual schools.

 

·       In the Housing and Property
Department, that £2,482k of the Council Tax Premium Fund is used to fund the
additional pressure in the Homelessness field.

 

·       Financial assistance of £550k to the
Economy and Community Department as the effects of Covid have affected the
income levels of Cwmni Byw'n Iach.

 

·       The following departments that are
over-spending to receive one-off partial financial assistance to limit the
overspend that will be carried forward by the Department to £100k:

a.    £3,785K - Adults, Health and
Well-being

b.    £2,434k – Highways and Municipal

 

·       On Corporate budgets:

a.    Use (£2,851k) of the Corporate net underspend
to assist the departments that have overspent in 2022/23.

b.    That (£3,899k) relating to capital
costs allocated to a capital programme fund.

c.     With the remainder of the net
underspend of (£952k) on Corporate budgets being transferred to the Transformational
Fund to fund the Council's priorities.

 

1.4 Approve the financial virements from
specific funds as outlined in Appendix 3 following a review of the reserves,
harvesting (£3,918k) from reserves to be used in its entirety to assist the
departments that have overspent in 2022/23.