Issue - meetings

Cabinet:

a)    Noted the forecast 2022/23 revenue position against the approved revenue budget shown in Appendix B, the projected major variances with reasons for these variances at Appendices C1 and C2 and the action being taken to address the underlying issues.

b)    Noted the latest Capital Programme 2022/23 position [and variances, if any] as shown in Appendix D.

Councillor Bridget Smith, Leader of the Council, presented to Cabinet the 2022-2023 Revenue and Capital Budget Monitoring report for Quarter 1.

In response to comments from Councillor Heather Williams, Leader of the Opposition, Councillor Smith pointed out that variances were not unusual in the first Quarter of a financial year, and the Head of Finance undertook to provide Councillor Williams with a written explanation regarding the specific query raised.

Upon a proposal from Councillor Smith seconded by Councillor Rippeth, and by affirmation, Cabinet:

a)    Noted the forecast 2022-23 revenue position against the approved revenue budget shown in Appendix B to the report, the projected major variances with reasons for these variances at Appendices C1 and C2 and the action being taken to address the underlying issues;

b)    Noted the latest Capital Programme 2022-23 position [and variances, if any] as shown in Appendix D.