Purpose

To report the revenue outturn position of the Council for 2022/23 financial year highlighting the effective management of the Council’s finances to ensure value for money for council tax payers, housing tenants and schools.

Decision

RESOLVED that the Executive:

1)    noted the outturn position of the revenue budget and the level of balances in respect of the General Fund, Housing Revenue Account and Dedicated Schools Grant.

2)    agreed the General Fund carry forward requests of £317k as set out in Appendix B to the report. This request is lower than in the previous year where carry forwards were £667k.

3)    noted the general fund balance as at 31 March 2023 is c£9.1m, this balance remains in line with the reasonable level of balances set out in the general fund reserves policy statement as part of the Medium Term Financial Plan.