Decision Maker: Cabinet, Council
Is Key decision?: No
Is subject to call in?: No
2022/23 Provisional General Fund Revenue and Capital Outturn
Council
Agreed to
A) Acknowledge the 2022/23 general fund revenue outturn position and the net underspend (after income from Taxation and Government Grants) in the year of £1.099 million as summarised in Appendix A, and the explanations provided for the variances compared to the revised 2022/23 revenue budget;
B) Acknowledge the consequent increase in the General Fund as at 31 March 2023 of £3.258m to around £18.4m;
C) Approve the carry forwards of £0.316 million in relation to General Fund revenue projects which were not undertaken during the year as planned.
D) In relation to the Capital Programme:
(i) Note the 2022/23 capital outturn of £15.520 million.
(ii) Acknowledge the performance achieved in relation to the Capital Programme schemes substantially completed in 2022/2023, summarised in Appendix B.
(iii) Approve the carry forwards of £3.720 million in relation to General Fund capital projects due mainly to slippage.
(iv) To note that a full review of the Capital Programme will be submitted to Cabinet at its December 2023 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.
Report author: Peter Maddock
Publication date: 04/12/2023
Date of decision: 30/11/2023
Decided at meeting: 30/11/2023 - Council
Accompanying Documents: