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Issue - meetings

Monthly Budget Monitor, including funding allocations and adjustments to the capital programme

Meeting: 24/11/2022 - Executive (Item 51)

51 Monthly budget monitoring pdf icon PDF 896 KB

Additional documents:

Decision:

AGREED RECOMMENDATIONS

Reasons for the decision – as detailed in the report

Other options considered – none

Conflicts of interest / dispensations granted – none

Minutes:

RESOLVED:

(a) To note the breakdown of the forecast General Fund outturn by individual variance at Appendix 1 and by service area at Appendix 2 of the report of the Executive Member for Finance, Planning and Performance .

(b) To note the transformation fund allocations and anticipated, profiled drawdowns for 2022/23 and that an additional allocation of £0.070m against the Transformation Fund for the People Friendly Streets programme be approved

(c) To note the collection fund monitoring position at month 6.

(d) To note the Energy Price Analysis position at month 6.

(e) To note the forecast 2022/23 HRA estimated outturn (+£4.552m) deficit at

month 6. 

(f). To note that, at the end of month 5, capital expenditure of £60.079m had been incurred against a 2022/23 full year forecast of £174.827m and against the revised 2022/23 capital budget of £239.655m.

(g) To agree capital slippage of £64.328m to future financial years and to note that there was a risk of further slippage over the remainder of the financial year.

 

Reason for decisions - to ensure the financial resilience of the Council

Other options considered – none

Conflicts of interest / dispensations granted – none