Issue - meetings

Revenue and Capital Budget Outturn 2022/23

Meeting: 13/06/2023 - Cabinet (Item 7)

7 Revenue and Capital Budget Outturn and Annual Write Off Report 2022/23 pdf icon PDF 364 KB




This report provided details of the final revenue and capital outturn position for the financial year ended 31 March 2023. These figures would form part of the Council’s Statement of Accounts, which would be presented to the Audit Committee following the completion of the External Audit.


The report advised that at its meeting on 24 February 2022, the Council had set a total budget requirement of £351.982million for 2022/23. Since the budget had been approved, additional grant funding had been received, primarily related to Council Tax Support for Energy Bills, taking the final revenue outturn budget requirement to a total of £386.353million.


The Capital Programme for 2022/23 and beyond had also been agreed by Council on 24 February 2022, at £430.712million. Additions and removals made during the year had resulted in a final capital outturn budget of £476.257million.


The report also presented a summary of debts written off during the 2022/23 financial year in line with the constitutional requirement to submit a report to Cabinet on an annual basis setting out details of all debt written off.


It was noted that the report set out the outturn of the budget and spending of the previous Council administration rather than the current administration which had been formed following the local elections held on 4 May 2023.








The Cabinet noted the 2022/23 revenue and capital outturn position.


The Cabinet recommended to Full Council the addition of a total of £40,000 to the Wayfield Primary scheme, to be funded from the Basic Needs Grant 2023/24, noting that Cabinet had recommended to Council an addition of £25,000 at its meeting on 7 February 2023, which would form part of this £40,000 approval.




Cabinet is the body charged with the executive management of the Council’s budget and it is therefore important for the final outturn to be reported to Cabinet.