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The Executive considered a report in respect
of 4th Quarter Revenue Budget Monitoring 2022/23 for the General
Fund and Housing Revenue Account.
 
It was RESOLVED:
 
General Fund
 
1.         
That the 2022/23 actual General Fund net expenditure of
£10.423Million be noted, subject to the 2022/23 audit of the
Statement of Accounts.

 
2.         
That the 2022/23 actual core resources of £9.470Million be
noted (as set out in Paragraph 4.4 of the report), subject to the
2022/23 audit of the Statement of Accounts.
 
3.         
That carry forward/spend requests totalling £504,650 be
approved for the General Fund (as set out in Paragraph 4.3.1 of the
report).
 
4.         
That the Transfer to reserves of £0.696Million be approved
for the General Fund (as set out in Paragraph 4.7.2 of the
report).
 
5.         
That the changes to the 2023/24 General Fund budget savings
totalling £95,000 be approved for the General Fund (as set
out Section 4.6 of the report).
 
6.         
That the changes to the 2023/24 General Fund budget to reflect the
additional cost associated with the Shared Revenue and Benefits
service of £89,000 and adjustment to NDR Levy of
£51,000 be approved for the General Fund (as set out in
Section 4.6 of the report).
 
7.         
That the inflationary pressures outlined in Paragraphs 4.6.4 and
4.6.5 of the report be noted.
 
8.         
That drawdown of £272,000 from reserves to fund Revenue
Contribution to Capital within the amount included in the General
Fund working budget be approved (as set out in Paragraph 4.6.2 of
the report).
 
9.         
That delegated authority be given to the Strategic Director (CFO),
following consultation with the Portfolio Holder for Resources and
Transformation, to appoint the Council’s insurers, following
the completion of the tendering exercise (as set out in Paragraph
4.8 of the report).
 
Housing Revenue Account
(HRA)
 
10.      
That the 2022/23 actual in year HRA deficit of £469,241 be
noted, subject to the audit of the Statement of Accounts.

 
11.      
That new carry forward requests totalling £922,000 and an
ongoing budget saving of £6,300 be approved for the HRA (as
set out in Paragraph 4.13.1 of the report).
 
12.      
That the Transfer to reserves of £17.244Million be approved
for the HRA (as set out in Paragraph 4.15.2 of the report).
 
Reason for
Decision:  As contained in report.
Other Options
considered:  As contained in report.