Issue - meetings

AGREED RECOMMENDATIONS

Reasons for the decision – as detailed in the report

Other options considered – none

Conflicts of interest / dispensations granted – none

RESOLVED:

(a) That the breakdown of the forecast General Fund outturn by individual variance at Appendix 1 and by service area detailed at Appendix 2 of the report of the Corporate Director of Resources be noted

(b) That, within the overall cash limited budget position, the inter-directorate virements and budget adjustments up to month 8 2022/23, and detailed in Appendix 2 of the report, be approved.

(c) That the delivery progress of the 2022/23 budgeted savings at Appendix 5 of the report, be noted

(d) That the transformation fund allocations and anticipated profiled drawdowns for 2022/23, detailed in Appendix 3 of the report, be noted.

(e) That the collection fund monitoring position at month 8 be noted.

(f) That the Energy Price Analysis position at month 8 be noted

(g) That the forecast 2022/23 HRA estimated outturn of -£2.228m surplus at month 8 be noted.

(h) That it be noted that, as at the end of month 8, total capital expenditure of £83.302m had been incurred against a 2022/23 forecast of £165.136m and the revised 2022/23 capital budget of £175.327m.

(i) That capital slippage of £5.745m be approved to future financial years and it be noted that there was a risk of further slippage over the remainder of the financial year.

(j) That spend on 16-18 Hornsey Road of £0.050m be approved as a replacement for Holly Hall project which had been discontinued.

(k) That capital acceleration of £0.080m be approved for the Prior Weston School project.

Reasons for the decision – to ensure the financial resilience of the Council

Other options considered – none

Conflicts of interest / dispensations granted – none