Issue - meetings

Background:

This report presented the results of the first round of the Council’s revenue budget monitoring process for 2022/2023. The report set out that at its meeting on 24 February 2022, Full Council had set a total budget requirement of £351.982million for 2022/2023. Since approval of the budget, additional grant funding had been received, primarily relating to Council Tax support for energy bills. These additions took the Round 1 budget requirement to a total of £372.130million.

The forecast outturn for 2022/2023 currently represented a pressure of £12.566miliion.

Reasons:

The Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by the Council.