Purpose

To consider the report by the Cabinet Member
for Finance and Change on the Revenue and Capital Outturn for
2022/23.

Decision

General Fund –
Revenue
It is recommended that Cabinet:
 
i) 
Notes the General Fund revenue outturn for 2022/23 is a balanced
position after a transfer of £11.38M from reserves to meet
the year-end deficit, as outlined in paragraph 4 and in paragraph 2
of Appendix 1. 
ii) 
Notes the performance of individual portfolios in managing their
budgets as set out in paragraphs 3 to 7 of Appendix 1 and Annex
1.1.
iii) 
Recommends Council to approve the requests to carry forward
un-ringfenced grant funding totalling £0.16M as outlined in
paragraph 8 of Appendix 1.
iv) 
Recommends Council to note the performance of the Property
Investment Fund (PIF) as detailed in paragraphs 9 to 11 of Appendix
1 and Annex 1.2.
v) 
Notes that the level of General Fund balances at 31 March 2023 was £10.07M and the level of
earmarked reserves (including schools’ balances) was
£55.05M as detailed in paragraph 18 to 21 of Appendix 1 and
Annex 1.3.
vi) 
Notes the accounts for the Collection Fund in 2022/23 detailed in
paragraphs 23 to 29 of Appendix 1 and Annex 1.5.
 
Housing Revenue
Account
It is recommended that Cabinet:
vii) 
Notes the HRA revenue outturn for 2022/23 as outlined in paragraph
7 and paragraph 22 of Appendix 1 and Annex 1.4.
 
Capital
Programme
It is recommended that Cabinet:
viii) 
Notes the actual capital spending in 2022/23 for the General Fund
was £62.94M and for the HRA was £35.88M, as outlined in
paragraphs 10 and 11 below and detailed in paragraphs 2 to 5 of
Appendix 2.
ix) 
Notes the capital financing in 2022/23 as shown in table 3 of
Appendix 2.
x) 
Recommends Council to approve the revised capital programme for
2022/23 to 2027/28 and its financing as
summarised in paragraph 10 of Appendix 2 and detailed in Annex
2.2.
xi) 
Notes the latest prudential indicators for the revised capital
programme as detailed in Annex 2.3.