Purpose

To report any adjustments to the in-year
budget

Content

RESOLVED
 
That the Executive:
 

a)   
Noted the Council’s draft outturn position for the General
Fund 2022/23 which is an overspend of £965km and the Housing
Revenue Account 2022/23 which is an underspend of £473k as
summarised in section 4, alongside the further analysis which is
set out in Section 5 and Section 6 of this report.

 

b)   
Approved the following transfers to reserves which are reflected in
the draft outturn position.
 

Transfer to reserves included within individual Directorates:

·      
Place & Economy Grants (Section 5.45) - £287k

·      
Planning Reserve (Section 5.45) - £143k

·      
Capital General Fund (MRP – Section 5.62) - £3.043m

·      
Members Empowerment Fund (Section 5.83) - £104k
 

Transfer to Earmarked Reserves from Available Resources:

·      
Business Rates Risk Reserve (Section 5.86) -
£2.728m
 

c)   
Noted the assessment of the 2022/23 savings as shown in Appendix A
to the report.

 
Reason for
Recommendations – to note the draft
outturn position for 2022/23, approve the transfer to reserves and
consider the impact on this year and future years
budgets.
 
Alternative Options
Considered: The report focuses on the forecast revenue outturn
against budget for 2022/23 and makes recommendations for the
Executive to note the current budgetary position as such there are
no specific choices within the report.