Agenda item

Report of the Group Director of Operations

The Cabinet Member with the Resources Portfolio introduced the report of the Group Director of Operations (previously circulated) presenting the 2023/23 revenue outturn, to allow Members to consider the results in the light of the Council’s Medium Term Financial Plan (MTFP), and the Housing Revenue Account outturn.

The submitted report stated that this was the final revenue budget management report for 2022/23; the year-end projection showed an overall decline in the 2022/23 financial position of £0.119M; there was an improvement of £0.497M on the 2023/24 MTFP opening balance; outlined the variances from the original budget along with changes since the quarter three projected position; and stated that there were a number of carry forward requests, which would assist with projected slippage and pressures in the coming year.

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

(b) That the carry forward of resources referred to in paragraphs 19 to 21, as detailed in the submitted report, be noted and approved.

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

(b) To continue to deliver services to agreed levels