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)
Additional documents:
- Appendix 1_2022-23 Key Variances_Month 10, item 84 PDF 108 KB
- Appendix 2_2022-23 Revenue by Service Area_Month 10, item 84 PDF 121 KB
- Appendix 3_Transformation Fund Allocations, item 84 PDF 54 KB
- Appendix 4_Capital Appendix 2022-23, item 84 PDF 144 KB
- Appendix 5_Delivery Progress of Agreed 22-23 Savings, item 84 PDF 101 KB
- Webcast for Budget Monitoring 2022-23 period 10 and allocation of the Budget Strategy Reserve for the Resident Experience programme
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