Purpose

Q2 2022/23 Budget Monitoring Report –
which confirms allocations of contingency budgets to meet rising
inflationary and other pressures, and then provides a financial
forecast for the year considering the financial risks the Council
faces.

Decision

Decision:
 
For the reasons set out in
the report and its appendices Cabinet RESOLVED to Agree:
 

i) 
To note the report and its appendices, detailing the forecast Month 5 overspend of £14.2m against the general
fund budget of £363m.

ii) 
To note the continued implementation of financial controls across
the council.

iii) 
To note that a Part Two Report will be presented to Cabinet in
November 2023, setting out additional budget actions that the
Council will undertake to recover the financial position.
 
Alternatives
Considered
 
N/A