Issue - meetings

Report of Chief Finance Officer

Lead Cabinet member: Councillor Zoe Nicholson

(Non-key decision):

(1) To note the General Fund, HRA and Collection Fund financial performance for the quarter ended September 2022.

(2) To note the capital programme as set out at Appendix 2 to the report.

The Cabinet considered the report of the Chief Finance Officer, updating members on the Council’s financial performance in quarter 2 2022/23.

The projected outturn for 2022/23, as advised by budget holders as of 30 September 2022, was an overspend of £1,090,966, as detailed in table 1 of the report. Work was already underway to mitigate this overspend, and this was further detailed in the report.

Policy and Performance Advisory Committee (PPAC), held on 1 December 2022 considered the report and were supportive of the officer recommendations in full. Councillor Boorman, Chair of Policy and Performance Advisory Committee, was in attendance to present PPAC’s discussion. Councillor Linington, Leader of the Opposition also spoke on the item.

Cabinet acknowledged the work undertaken by officers, given the difficulties facing all councils across the country.

Resolved (Non-key decision):

(1) To note the General Fund, HRA and Collection Fund financial performance for the quarter ended September 2022.

(2) To note the capital programme as set out at Appendix 2 to the report.

Reason for decisions:

To enable Cabinet members to consider specific aspects of the Council’s financial performance.