Decision details

RESOLVED

That the Executive:

a)    Noted the Council’s forecast outturn position for 2022/23 as summarised in Section 4, alongside the further analysis, risks and other considerations as set out in Section 5 and Section 6 of the report.

b)    Noted the assessment of the current deliverability of the 2022/23 savings proposals in Appendix A of the report.

c)     Noted the release of £500k of the contingency budget which was set aside to fund increased utility costs when the budget was set (see paragraph 5.48 of the report)

d)    Noted an increase in the gross budget of £2.466m to provide support for families and individuals in specific financial hardship to be funded from the Household Support Fund 3 grant (see paragraph 5.72 of the report).

Reason for Recommendations – to note the forecast financial position for 2022/23 as at Period 5 and consider the impact on this year and future years

budgets.

Alternative Options Considered: The report focuses on the forecast revenue outturn against budget for 2022/23 and makes recommendations for the Executive to note the current budgetary position as such there are no specific choices within the report.