Issue - meetings

Key Decision

Councillor Rachel Madden – Executive Lead Member for Finance, Revenues and Benefits

Cabinet was asked to consider the details of income and expenditure incurred in 2022/23 in respect of the General Fund, the Housing Revenue Account (HRA) and the Capital Programme and how this compares to the revised budgets, including any significant variances.

As the financial outturn position was reported in accordance with the 2022/23 draft Statement of Accounts, there were no alternative options for Members to consider.

RESOLVED that

a)    the 2022/23 unaudited draft Outturn for the General Fund, the Housing Revenue Account and the Capital Programme, as presented, be received and noted;

b)    the in-year movements to and from reserves, as outlined in the report at Appendix 2, be also noted;

c)    Council be recommended to approve a carry forward of the £21.419m underspend on the Capital Programme to 2023/24 due to slippage (delays to schemes) included in the approved Programme shown at Section 4.

Reason:

To report to those charged with governance, the Council’s unaudited draft financial outturn for 2022/23 and comply with the Council’s Financial Regulations.