Decision details
2022/23 Financial Monitoring - Forecast position as at Quarter 1
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
This report outlines the forecast financial
position of the organisation at the end of 2022/23 based on the
information known at the end of the first quarter.
Decision:
That Cabinet:
1. Notes the adjusted forecast overspend of £2.846m that would need to be funded from the Directorate and General Risk Reserves at the end of 2022/23.
2. Notes the forecast delivery of savings for 2022/23 of £9.865m, a shortfall of £0.379m (3.7%) against the target.
3. Notes the forecast capital spend for 2022/23 of £181.241m.
4. Approves the carry forward of the reprofiled spend on the capital programme of £8.412m in 2022/23 into future years and note the carry forward of s278 contributions of £0.749m that is not directly controllable by the Council.
Report author: Natalia Hodgetts
Publication date: 09/09/2022
Date of decision: 08/09/2022
Decided at meeting: 08/09/2022 - Cabinet
Accompanying Documents:
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