Decision details

13.1

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

13.2

RESOLVED UNANIMOUSLY: That Housing Policy Committee:-

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

13.3

Reasons for Decision

By the law the Council must set and deliver a balanced budget, which is a financial plan based on sound assumptions which shows how income will equal spend over the short- and medium-term. This can take into account deliverable cost savings and/or local income growth strategies as well as useable reserves.

13.4

Alternatives Considered and Rejected

13.4.1

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.