Issue - meetings

Report of Director of Finance and Performance

Lead Cabinet member: Councillor Stephen Holt

(Non-key decision):

To note the General Fund, Housing Revenue Account and Collection Fund financial performance for the quarter, as set out in the report.

The Cabinet considered the report of the Director of Finance and Performance, updating them on the Council’s financial performance for the third quarter of the year 2022-23.

Visiting member, Councillor Shore, addressed the Cabinet on this item. Following points raised, it was clarified that the figures detailed in the report were reflective of the Council’s financial position as of 31 December 2022. An updated financial position at year end would be presented as part of the outturn report in July 2023.

Following a question around the extensive list of savings arising from the Recovery and Stabilisation programme, the Chief Executive advised that there would be an opportunity to forensically analyse the list at year end to potentially identify any additional savings and scope for any increase to income targets. This would then be reported back to the next Recovery and Stabilisation Member Board, as part of the next administration.

Resolved (Non-key decision):

To note the General Fund, Housing Revenue Account and Collection Fund financial performance for the quarter, as set out in the report.

Reason for decision:

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