Purpose

Report outlining the final outturn position
for 2022/23.

Decision

Resolved to
 

1)   
note the net spend in 2022/23 and the consequent
revenue overspend for the organisation at the end of the
year;

2)   
note the explanations and mitigating actions for
variations to budgets, and the implications for the Medium-Term
Financial Strategy, as set out in Appendix A;

3)   
approve the retention of the surplus of
£1.234m in the DSG Deficit Offset Reserve until there is
greater certainty about the longer-term direction of travel of
spend in Special Educational Needs and Disabilities, as set out in
paragraph 2.7;

4)   
note the delivery of £9.579m (93.5%) savings
in 2022/23, a shortfall of £0.665m against the target, as set
out in Section 4;

5)   
approve the drawdown of £0.920m from
Externally Earmarked Reserves and Directorate Risk Reserves to
support the delivery of the Council Plan in 2023/24, as outlined in
paragraph 6.5 and Appendix C;

6)   
approve the drawdown of £7.624m from the
Revenue Investment Funds to support the delivery of the Council
Plan in 2023/24 and 2024/25, as outlined in Section 5 and Appendix
D;

7)   
approve the approach to making good the Communities
Directorate Risk Reserve at the end of 2022/23 and for 2023/24 as
set out in paragraphs 6.9 to 6.11;

8)   
note the capital spend in 2022/23 of
£117.352m; and
9)   
approve the reprofiling of £2.094m Services
capital spend from 2022/23 into future years.