Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
(1) That Cabinet noted the outturn position in respect of the 2022/23 financial year.
(2) That Cabinet approved the proposed carry forward of capital budgets detailed in Appendix 4 totalling £10.783m.
REASONS FOR DECISION – To appraise Cabinet of the Council’s financial management during 2022-23, and to enable specific capital budgets to be carried forward into the current financial year.
OTHER OPTIONS CONSIDERED AND REJECTED – The financial outturn report was primarily a factual report, detailing the actual position compared to previously approved budgets. Consequently, there were no alternative options to be considered. The allocation of resources to earmarked reserve accounts was undertaken in line with the Council’s Policy and Service Delivery Framework and in the light of the risks and issues facing the Council over the period of the current Medium Term Financial Plan (MTFP).
Please note that this was not a Key Decision so can be implemented by officers with immediate effect.
Report author: Director of Finance and Resources, Section 151 Officer
Publication date: 28/07/2023
Date of decision: 27/07/2023
Decided at meeting: 27/07/2023 - Cabinet