Decision details

2022/23 Provisional General Fund Revenue and Capital Outturn

Cabinet:

1.    acknowledged the 2022/23 general fund revenue outturn position and the net underspend (after income from Taxation and Government Grants) in the year of £1.149 million as summarised in Appendix A to the report, and the explanations provided for the variances compared to the revised 2022/23 revenue budget,

2.    acknowledged the consequent increase in the General Fund as at 31 March 2023 of £3.308m to around £18.4m,

3.    approved the carry forwards of £0.316 million in relation to General Fund revenue projects which were not undertaken during the year as planned, and

4.    in relation to the Capital Programme:

                    i.    noted the 2022/23 capital outturn of £15.520 million,

                  ii.    acknowledged the performance achieved in relation to the Capital Programme schemes substantially completed in 2022/2023, summarised in Appendix B to the report,

                 iii.     approved the carry forwards of £3.720 million in relation to General Fund capital projects due mainly to slippage, and

                 iv.    noted that a full review of the Capital Programme would 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.