Issue - meetings

Key Decision

Councillor David Martin – Deputy Leader and Executive Lead Member for Finance, Revenues and Benefits

Cabinet received a summary of the Council’s forecast financial outturn position to 31 March 2023 compared to the latest approved budgets for the General Fund, Housing Revenue Account (HRA) and the Capital

Programme.

Due to the fact that there is a requirement for the Council’s financial position to be reported to those charged with Governance, there were no alternative options for Members to consider.

RESOLVED that

a)    the current forecast outturn for the General Fund, Housing Revenue Account (HRA) and Capital Programme for 2022/23, as presented, be received and noted;

b)    the budget adjustments outlined in paragraph 1.6 and section 3.1, Table 3, be approved;

c)    Council be recommended to approve the amendments to the Capital Programme 2022/23 to 2023/24 and the funding of the Capital Programme as set out in Section 6 and Table 5 of the report;

d)    it be noted that a Medium-Term Financial Strategy Update report will be brought to Cabinet in January 2023, reflecting the financial impact of the ongoing cost of living crisis.

Reason:

In accordance with the Council’s Financial Regulations to report to those charged with Governance, the financial position.