Report of Director of Finance and Commercial Services
Decision:
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.
|
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:
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.
|
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: