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Issue - meetings

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

Meeting: 09/02/2023 - Executive (Item 71)

71 Budget monitoring 2022/23 - Month 9 pdf icon PDF 951 KB

Additional documents:





Reasons for the decision – as detailed in the report

Other options considered – none

Conflicts of interest / dispensations granted – none




(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 Corporate Director of Resources.

(b) To note that there were no inter-departmental virements in month 9 for approval. (c) To approve a one-off budget virement of £2.061m which was fully committed against existing budget pressures and the additional expenditure incurred to support the announcements of the Fair Cost of Care grant, Charging Reform and the Adult Social Care Discharge funding from the Department of Health and Social Care.

(d) To note the transformation fund allocations and anticipated profiled drawdowns for 2022/23, as detailed in the report.

(e) To note the collection fund monitoring position at month 9.

(f) To note the Energy Price Analysis position at month 9.

(g) To note the delivery progress of the 2022/23 budgeted savings at Appendix 5n of the report.

(h) That the monthly budget monitoring report move to quarterly Executive reports from 2023/24, for the periods ending June, September, December and March.

(i) To note the forecast 2022/23 HRA estimated outturn of -£2.792m surplus at month 9.

(j) To note that, at the end of month 9, total capital expenditure of £90.910m had been incurred against a 2022/23 forecast of £165.266m and the revised 2022/23 capital budget of £169.662m. 

(k) To approve capital acceleration of £0.050m in respect of Automated Public Toilets/Conveniences.


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

Other options considered – none

Conflicts of interest / dispensations granted – none