Issue - decisions

2022/23 Financial Monitoring - Forecast position as at Q1

09/09/2022 - 2022/23 Financial Monitoring - Forecast position as at Quarter 1

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.