Agenda item

Revenue Budget Monitoring Report - Month 5

Report of the Director of Finance and Commercial Services

Decision:

1.

The report brought the Committee up to date with the Council’s financial position as at Month 5 2022/23.

 

2.

RESOLVED UNANIMOUSLY: That the Economic Development and Skills Policy Committee Policy Committee:-

 

 
  1. Note the Council’s challenging financial position as at the end of August 2022 (month 5).

 

 

3.

Reasons for Decision

 

 

3.1

To bring the Committee up to date with the current in year financial position for 22/23 as at Month 5.

 

 

4.

Alternatives Considered and Rejected

 

 

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:

5.1

The report brought the Committee up to date with the Council’s financial position as at Month 5 2022/23.

 

5.2

RESOLVED UNANIMOUSLY: That the Economic Development and Skills Policy Committee Policy Committee:-

 

 
  1. Note the Council’s challenging financial position as at the end of August 2022 (month 5).

 

 

5.3

Reasons for Decision

 

 

5.3.1

To bring the Committee up to date with the current in year financial position for 22/23 as at Month 5.

 

 

5.4

Alternatives Considered and Rejected

 

 

5.4.1

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: