Decision

1. 1

This report brings the Committee up to date with the Council’s final outturn position for 2022/23 including General Fund revenue position, Housing Revenue Account, and Capital Programme Monitoring (Appendix 1). The report also provides an update of the Council’s Treasury Management activity in 2022/23 and sets out expectations for the coming of the year (Appendix 2).

1. 2

RESOLVED UNANIMOUSLY: That Finance Committee:-

(a)  note the updated information and management actions provided by this report on the 2022/23 Revenue Budget Outturn as described in this report;

(b)  note the updated information and management actions provided by this report on the 2022/23 Capital Programme Monitoring as described in Appendix 1;

(c)   note the annual Treasury Management Outturn report for 2022/23 as described in Appendix 2; and

(d)  approve the revenue budget carry forward requests for 4 items:

              I.          £239k Local Area Committee & Ward Pots;

            II.          £259k Displaced general fund carried forward as a result of Team Around the Person funding from ICB spent in 2022/23;

          III.          £200k Youth – this proportion relates to the amount underspent on the Voluntary Sector grants in 2022/23; and

          IV.          £300k in the Housing General Fund for Registration Regulation that was initially allocated in 21/22 to fund staff to undertake enforcement work in Private Sector Housing.

1. 3

Reasons for decisions

1. 3.1

To record formally changes to the Revenue Budget and the Capital Programme.

1. 4

Alternatives Considered and Rejected

1. 4.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.