Agenda item

8.1

The Committee considered a report of the Director of Finance and Commercial Services.  The report brought the Committee up to date with the Council’s financial position as at Month 4 2022/23.

8.2

RESOLVED UNANIMOUSLY: That the Transport, Regeneration and Climate  Policy Committee:-

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

8.3

Reasons for Decision

8.3.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced.

8.4

Alternatives Considered and Rejected

8.4.1

No other alternatives were considered.

8.1

The Committee considered a report of the Director of Finance and Commercial Services.  The report brought the Committee up to date with the Council’s financial position as at Month 4 2022/23.

The Director of Finance and Commercial Services advised  that the budget was broadly balanced and one off government funding was used to deal with the shortfall this year.

Councillor Sangar advised that he was pleased to see the spend on the Clean Air Zone project.  The Director of Finance and Commercial Services advised that the penalty charge notices had delivered a saving and the scheme was about making quality of life better for the public.  The Clean Air Zone project was a partnership and was government funded.  The Council was currently agreeing the dates for the Clean Air Zone going live in early 2023 to achieve compliance.

8.2

RESOLVED UNANIMOUSLY: That the Transport, Regeneration and Climate  Policy Committee:-

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

8.3

Reasons for Decision

8.3.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced.

8.4

Alternatives Considered and Rejected

8.4.1

No other alternatives were considered.