Issue - meetings

AGREED RECOMMENDATIONS

Reasons for the decision – to ensure the financial resilience of the Council
Other options considered – none

Conflicts of interest / dispensations granted – none

RESOLVED:

(i)     That the the forecast 2022/23 general fund estimated net outturn variance of a (+£6.023m) overspend at month 5 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 4.55 and Appendix 2 of the report);

(iii)  That the collection fund monitoring position at month 5 be noted (Paragraphs 4.56 to 4.70 of the report);

(iv)  That the Energy Price Analysis position at month 5 be noted (Paragraphs 4.71 to 4.79 of the report;

(v)   That the forecast 2022/23 HRA estimated outturn (+£13.784m) deficit at month 5 be noted (Section 5 of the report);

(vi)  It be noted that, at the end of month 5, capital expenditure of £51.283m had been incurred against a 2022/23 full year forecast of £182.423m and against the revised 2022/23 capital budget of £239.655m (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