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Agenda item

Budget Monitoring - Month 4

Report of Director of Finance and Commercial Services

Decision:

10.1

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


10.2

RESOLVED UNANIMOUSLY: That the Communities, Parks and Leisure Policy Committee:-

 

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

 

10.3

Reasons for Decision

10.3.1

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.

 

10.4

Alternatives Considered and Rejected

10.4.1

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.




Minutes:

9.1

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


9.2

RESOLVED UNANIMOUSLY: That the Communities, Parks and Leisure Policy Committee:-

 

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

 

9.3

Reasons for Decision

9.3.1

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.

 

9.4

Alternatives Considered and Rejected

9.4.1

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.




Supporting documents: