Issue - meetings
Monthly Budget Monitor, including funding allocations and adjustments to the capital programme
Meeting: 01/09/2022 - Executive (Item 26)
Additional documents:
- Appendix 1_2022-23 Key Variances_Month 3, item 26
PDF 79 KB
- Appendix 2_Transformation Fund Allocations, item 26
PDF 52 KB
- Appendix 3_Capital Appendix 2022-23, item 26
PDF 138 KB
- Webcast for Monthly Budget Monitor, including funding allocations and adjustments to the capital programme
Decision:
AGREED RECOMMENDATIONS
Reasons for the decision – to ensure the financial resilience of the Council
Other options considered – none
Conflicts of interest / dispensations granted – none
Minutes:
RESOLVED:
(i) That the forecast 2022/23 general fund estimated net outturn variance of a (+£8.134m) overspend at month 2 be noted (Section 3, Table 1, and Appendix 1 of the report);
(ii) That the transformation fund allocations and anticipated, profiled drawdowns for 2022/23 be noted (Paragraph 4.52 and Appendix 2 of the report);
(iii) That the collection fund monitoring position at month 3 be noted (Paragraphs 4.53 to 4.62 of the report);
(iv) That the Energy Price Analysis position at month 3 be noted (Paragraphs 4.63 to 4.69 of the report);
(v) That the forecast 2022/23 HRA estimated outturn (-£0.812m) surplus at month 3 be noted (Section 5 of the report);
(vi) That, at the end of month 3, capital expenditure of £25.380m had been incurred against a 2022/23 full year forecast of £188.425m and against the revised 2022/23 capital budget of £242.182m, be noted (Section 6 and Appendix 3 of the report).
Reasons for the decision – to ensure the financial resilience of the Council
Other options considered – none
Conflicts of interest / dispensations granted – none