The figures in this report will form the basis for financial monitoring throughout the forthcoming financial year. Should any further adjustments be necessary, they will be reported as part of the quarterly financial monitoring reports to Cabinet.
Portfolio Holder – Councillor Peter Butlin
Councillor Peter Butlin (Deputy Leader, Finance and Property) summarised the published report, noting that this was the usual report that followed the budget and MTFS approval and set out the detailed budget allocations for all the services areas. The report set out the service revenue and capital baselines used for quarterly financial monitoring reports together with changes to the revenue budget allocations. Councillor Butlin drew attention to the most significant change which was a £14.4m virement for Children with Disabilities ,moving the budget from Education Services in the Communities Directorate to Adult Social Care in the People Directorate, which reflected the recommendations agreed as part of the All Age Disability Review. In terms of Capital, a more fundamental review of 2022/23 allocations would be made as part of the 2021/22 outturn report, where it was expected to see a reasonable degree of reprofiling. Uncertainty remained around a range of capital schemes due to on-going pressures.
1. Approves the detailed revenue budget, savings plan and capital programme for each of the Authority’s services set out in Appendices A to M of the report; and
2. Notes and endorses the adjustments to service revenue budget following the realignment of budgets within and between directorates since the budget was set on 8 February 2022, as outlined in Section 3 and Appendix N of the report.