Decision details

The Cabinet Member with the Resources Portfolio introduced the report of the Group Director of Operations (previously circulated) providing an early forecast of the 2022/23 revenue budget outturn as part of the Council’s continuous financial management process.

The submitted report stated that it was the first revenue budget management report to Cabinet for 2022/23 and that the latest projections showed an overall improvement of £0.206M on the 2022/26 Medium Term Financial Plan, which was due to £0.216M of additional balances following the 2021/22 outturn; £0.513M of projected departmental overspends in 2022/23; and an increase of £0.503M in corporate reserves.

RESOLVED - (a)  That the forecast revenue outturn for 2022/23, as detailed in the submitted report, be noted.

(b)  That further regular reports be made to monitor progress and take prompt action if necessary.

REASONS - (a)  To continue effective management of resources.

(b)  To continue to deliver services to agreed levels.