Agenda item

AGREED that:

a)      the General Fund projected favourable outturn variance of £1.020m to usable reserves be noted;

b)      the Housing Revenue Account projected unfavourable outturn variance of £0.446m to the Major Repairs Reserve be noted;

c)      the variations to the Capital Programme at Appendix E be approved; and

d)    the Capital Programme revised budget and financing of £60.393m be approved.

The Leader and Portfolio Holder for Strategy, Performance & Finance presented a report to update Members as to the forecast outturn position for the 2022/23 financial year for the Council’s General Fund and Housing Revenue Account revenue and capital budgets.

The report provides the performance against the approved estimates of revenue expenditure and income; reporting on major variances from planned budget performance, and reporting on variations to the Capital Programme for approval; this being all in accordance with the Council’s Constitution.

AGREED that:

a)      the General Fund projected favourable outturn variance of £1.020m to usable reserves be noted;

b)      the Housing Revenue Account projected unfavourable outturn variance of £0.446m to the Major Repairs Reserve be noted;

c)      the variations to the Capital Programme at Appendix E be approved; and

d)    the Capital Programme revised budget and financing of £60.393m be approved.

Reasons for Decision:

To consider the forecast outturn position for the 2022/23 financial year for the Council’s General Fund and Housing Revenue Account revenue and capital budgets.

To show performance against the approved estimates of revenue expenditure and income; report on major variances from planned budget performance; and report on variations to the Capital Programme for approval; all in accordance with the Council’s Constitution.

Options considered:

Not applicable.