Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
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 second quarter.
That Cabinet:
1. Notes the adjusted forecast overspend of £4.439m (1.2%) 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 £9.406m, a shortfall of £0.838m (8.2%) against the target.
3. Notes the forecast capital spend for 2022/23 of £114.048m.
4. Approves the reprofiling of spend on the capital programme of £19.729m in 2022/23 into future years and note the carry forward of s278 contributions of £0.100m that is not directly controllable by the Council.
Report author: Natalia Hodgetts
Publication date: 11/11/2022
Date of decision: 10/11/2022
Decided at meeting: 10/11/2022 - Cabinet
Accompanying Documents: