Agenda item

Report by the Cabinet Member for Finance and Change on the Revenue and Capital Outturn for 2022/23.

Report of the Cabinet Member for Finance and Change detailing the Revenue and Capital Outturn for 2022/23.

RESOLVED: to

General Fund – Revenue

i)  Notes the General Fund revenue outturn for 2022/23 has been balanced by drawing down £11.38M from reserves to meet the year-end deficit, as outlined in paragraph 4 and in paragraph 2 of Appendix 1.

ii)   Notes the performance of individual portfolios in managing their budgets as set out in paragraphs 3 to 7 of Appendix 1 and Annex 1.1.

iii)  Agrees the requests to carry forward un-ringfenced grant funding totalling £0.16M as outlined in paragraph 8 of Appendix 1.

iv)  Notes the performance of the Property Investment Fund (PIF) as detailed in paragraphs 9 to 11 of Appendix 1 and Annex 1.2.

Housing Revenue Account

v)  Notes the HRA revenue outturn for 2022/23 as outlined in paragraph 7 and paragraph 22 of Appendix 1 and Annex 1.4.

Capital Programme

vi)  Notes the actual capital spending in 2022/23 for the General Fund was £62.94M and for the HRA was £35.88M, as outlined in paragraphs 10 and 11 below and detailed in paragraphs 2 to 5 of Appendix 2.

vii)  Notes the capital financing in 2022/23 as shown in table 3 of Appendix 2.

viii)  Approves the revised capital programme for 2022/23 to 2027/28 and its financing as summarised in paragraph 10 of Appendix 2 and detailed in Annex 2.2.

ix)  Approves the latest prudential indicators for the revised capital programme as detailed in Annex 2.3.