Issue - meetings

Revenue Budget Monitoring 2022/23 - Round 3

 

 

Meeting: 07/02/2023 - Cabinet (Item 8)

8 Revenue Budget Monitoring - Round 3 2022/23 pdf icon PDF 263 KB

Minutes:

Background:

 

This report presented the results of the third round of the Council’s revenue budget monitoring process for 2022/23. The report set out that at its meeting on 24 February 2022, Full Council had set a total budget requirement of £351.982million for 2022/23. Since approval of the budget, additional grant funding relating to Council Tax Support for Energy Bills. These additions had taken the Round 3 budget requirement to a total of £373.535million. The forecast outturn for 2022/23 currently represented a pressure of £12.333million, an improvement of £1.686million compared to the position reported at Round 2. It was noted that Members and officers had worked hard to address this pressure.

 

 Decision

number:

 

Decision:

 

17/2023

The Cabinet noted the results of the third round of revenue budget monitoring for 2022/23 and instructed senior management to continue to exercise tight control to reduce expenditure within their areas and to identify a range of management actions in order to reduce expenditure or increase income.

 

Reasons:

 

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