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7.1 |
This report brought the Committee up to date with the Council’s financial position as at Month 4 2022/23. |
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7.2 |
RESOLVED UNANIMOUSLY: That Finance Sub-Policy Committee:-
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1. Note the Council’s challenging financial position as at the end of July 2022 (month 4). |
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7.3 |
Reasons for Decision |
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7.3.1 |
Executive directors and Directors will be required to develop plans to mitigate the in-year forecast overspends. |
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7.4 |
Alternatives Considered and Rejected |
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7.4.1 |
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. |