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Issue - meetings

Budget Monitoring 2022-23 period 10 and allocation of the Budget Strategy Reserve for the Resident Experience programme

Meeting: 23/03/2023 - Executive (Item 84)

84 Budget Monitoring 2022-23 period 10 and allocation of the Budget Strategy Reserve for the Resident Experience programme pdf icon PDF 889 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:

In response to a question from Councillor Russell, Councillor Ward undertook to respond to her on the matter of heat metering regulation and the potential risk to the whole pool system of charging residents once more people were on heat meters and exited the pooled system.

 

RESOLVED:

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

(b) To approve the inter-departmental virements as at month 10.

(c) To note the transformation fund allocations and anticipated drawdowns, including agreement to one-off funding of £0.160m over 2 years, for an Anti-Social Behaviour programme manager and a project manager role.

(d) To note the Collection Fund monitoring position at month 10.

(e) To note the Energy Price Analysis position as at month 10.

(f) To note progress on delivering the 2022/23 savings

(g) To note the HRA forecast in-year surplus of -£3.379m at month 10.

(h) To note that, at the end of month 10, total capital expenditure of £105.632m had been incurred against a 2022/23 forecast of £163.194m and the revised 2022/23 capital budget of £169.762m.

(i) To approve the allocation of interim funding to the Resident Experience Programme, as detailed in Section 7 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