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Decision details

Budget Monitoring and Financial Position Month 4,2022/23

Decision Maker: Finance Sub-Committee

Decision status: Recommendations Approved

Decision:

7.1

This report brought the Committee up to date with the Council’s financial position as at Month 4 2022/23.

 

 

7.2

RESOLVED UNANIMOUSLY: That Finance Sub-Policy Committee:-

 

 

1.     Note the Council’s challenging financial position as at the end of July 2022 (month 4).

 

 

7.3

Reasons for Decision

 

 

7.3.1

Executive directors and Directors will be required to develop plans to mitigate the in-year forecast overspends.

 

 

 

 

7.4

Alternatives Considered and Rejected

 

 

7.4.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.

 

Report author: Ryan Keyworth

Publication date: 16/09/2022

Date of decision: 06/09/2022

Decided at meeting: 06/09/2022 - Finance Sub-Committee

Accompanying Documents: