Purpose

2022/23 Provisional General Fund Revenue and Capital Outturn

Decision

Council 

Agreed          to

A)       Acknowledge the 2022/23 general fund revenue outturn position and the net underspend (after income from Taxation and Government Grants) in the year of £1.099 million as summarised in Appendix A, and the explanations provided for the variances compared to the revised 2022/23 revenue budget;

B)       Acknowledge the consequent increase in the General Fund as at 31 March 2023 of £3.258m to around £18.4m;

C)       Approve the carry forwards of £0.316 million in relation to General Fund revenue projects which were not undertaken during the year as planned.

D)       In relation to the Capital Programme:

(i)       Note the 2022/23 capital outturn of £15.520 million.

(ii)      Acknowledge the performance achieved in relation to the Capital Programme schemes substantially completed in 2022/2023, summarised in Appendix B.

(iii)     Approve the carry forwards of £3.720 million in relation to General Fund capital projects due mainly to slippage.

(iv)    To note that a full review of the Capital Programme will be submitted to Cabinet at its December 2023 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.