Decision details

Resolved to

1)    note the net spend in 2022/23 and the consequent revenue overspend for the organisation at the end of the year;

2)    note the explanations and mitigating actions for variations to budgets, and the implications for the Medium-Term Financial Strategy, as set out in Appendix A;

3)    approve the retention of the surplus of £1.234m in the DSG Deficit Offset Reserve until there is greater certainty about the longer-term direction of travel of spend in Special Educational Needs and Disabilities, as set out in paragraph 2.7;

4)    note the delivery of £9.579m (93.5%) savings in 2022/23, a shortfall of £0.665m against the target, as set out in Section 4;

5)    approve the drawdown of £0.920m from Externally Earmarked Reserves and Directorate Risk Reserves to support the delivery of the Council Plan in 2023/24, as outlined in paragraph 6.5 and Appendix C;

6)    approve the drawdown of £7.624m from the Revenue Investment Funds to support the delivery of the Council Plan in 2023/24 and 2024/25, as outlined in Section 5 and Appendix D;

7)    approve the approach to making good the Communities Directorate Risk Reserve at the end of 2022/23 and for 2023/24 as set out in paragraphs 6.9 to 6.11;

8)    note the capital spend in 2022/23 of £117.352m; and

9)    approve the reprofiling of £2.094m Services capital spend from 2022/23 into future years.