Purpose

Financial Outturn Report 2022-2023, including
Revenue, Capital and Housing Revenue Account Outturn Position and
Annual Report on Treasury Management.
 
To consider and note the financial outturn
reports in relation to revenue, capital
and treasury management, and make rollover decisions based on the
finalised financial position.
 
 

Content

RESOLVED –
 

1)   
That, in regards to the General Fund, (i) the
revenue outturn position for 2022/2023 including Cost of Living
Impacts be noted (ii) the application of the Council’s
flexible capital receipts strategy to the value of £2.9m
applied against eligible transformation in 2022/2023; as approved
in the 2023/2024 Annual Budget Report (March 2023) be noted (iii)
the Government’s £13.5m funding contribution on 31
March 2022 towards the Council’s Dedicated School’s
Grant deficit be noted (iv) the year end position on corporate
reserves and balances be noted (v) the proposed use of pre-existing
reserves be reaffirmed and the proposed use of new reserves
(section 1.9 of the report refers) be endorsed and (vi) it be noted
that regular monitoring and review of corporate reserves in
2023/2024 will be reported to Cabinet as part of the quarterly
financial monitoring cycle.

2)   
That the year end position on the Collection Fund be
noted.

3)   
That the Housing Revenue Account outturn and
reserves position 2022/2023 be noted.

4)   
That, in regards to the Capital budget, (i) the
Council capital outturn position for 2022/2023 be noted (ii) the
£34.5m capital rollover from 2022/2023 to 2023/2024 be
approved (iii) approval be given to the revised capital plan for
the period 2023/2024 onwards after taking into account rollover,
the rephasing of schemes and changes to grant assumptions (iv)
£0.9m for replacement parking ticket machines (£0.3m
2023/2024, £0.6m 2024/2025) be approved (v) £0.5m for
the land acquisition and development of new burial provision in
North Kirklees be approved (£0.1m feasibility 2023/2024 /
£0.4m land acquisition 2024/2025) (vi) approval be given to
an additional £0.5m funding for the existing New Street
Public Realm Project, in order to complete the landscaped public
space contributing to the delivery of the Huddersfield Blueprint
(vii) approval be given to £1m top slice of the Cultural
Heart programme for internal fees, transfer of £1.7m from
Huddersfield Southern Corridors to manage the overspend for the A62
Smart Corridor, and £60k for Accessibility to Public Spaces
and Places project, all with net nil borrowing
additionality.

5)   
That the Review of Treasury Management activity
2022/2023 be noted. 

6)   
That the report be referred to the meeting of
Council on 12 July 2023.