Agenda item

8.1

This report brings the Committee up to date with the Council’s final outturn position for 2022/23 including General Fund revenue position, Housing Revenue Account, and Capital Programme Monitoring (Appendix 1). The report also provides an update of the Council’s Treasury Management activity in 2022/23 and sets out expectations for the coming of the year (Appendix 2).

8.2

RESOLVED UNANIMOUSLY: That Finance Committee:-

(a)  note the updated information and management actions provided by this report on the 2022/23 Revenue Budget Outturn as described in this report;

(b)  note the updated information and management actions provided by this report on the 2022/23 Capital Programme Monitoring as described in Appendix 1;

(c)   note the annual Treasury Management Outturn report for 2022/23 as described in Appendix 2; and

(d)  approve the revenue budget carry forward requests for 4 items:

              I.          £239k Local Area Committee & Ward Pots;

            II.          £259k Displaced general fund carried forward as a result of Team Around the Person funding from ICB spent in 2022/23;

          III.          £200k Youth – this proportion relates to the amount underspent on the Voluntary Sector grants in 2022/23; and

          IV.          £300k in the Housing General Fund for Registration Regulation that was initially allocated in 21/22 to fund staff to undertake enforcement work in Private Sector Housing.

8.3

Reasons for decisions

8.3.1

To record formally changes to the Revenue Budget and the Capital Programme.

8.4

Alternatives Considered and Rejected

8.4.1

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.

8.1

The Director of Finance and Commercial Services submitted a report bringing the Committee up to date with the Council’s final budget outturn position for 2022/23 including General Fund revenue position, Housing Revenue Account, and Capital Programme Monitoring (Appendix 1). The report provided an update on the Council’s Treasury Management activity in 2022/23 and set out expectations for the coming of the year (Appendix 2).

8.1

Officers agreed to provide Members with further information on the roofing replacement programme and an update on the level of vacant properties in the Housing Revenue Account after the next quarter.

8.3

RESOLVED UNANIMOUSLY: That Finance Committee:-

(a)  note the updated information and management actions provided by this report on the 2022/23 Revenue Budget Outturn as described in this report;

(b)  note the updated information and management actions provided by this report on the 2022/23 Capital Programme Monitoring as described in Appendix 1;

(c)   note the annual Treasury Management Outturn report for 2022/23 as described in Appendix 2; and

(d)  approve the revenue budget carry forward requests for 4 items:

              I.          £239k Local Area Committee & Ward Pots;

            II.          £259k Displaced general fund carried forward as a result of Team Around the Person funding from ICB spent in 2022/23;

          III.          £200k Youth – this proportion relates to the amount underspent on the Voluntary Sector grants in 2022/23; and

          IV.          £300k in the Housing General Fund for Registration Regulation that was initially allocated in 21/22 to fund staff to undertake enforcement work in Private Sector Housing.

8.4

Reasons for decisions

8.4.1

To record formally changes to the Revenue Budget and the Capital Programme.

8.5

Alternatives Considered and Rejected

8.5.1

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.