Issue - meetings

As detailed in the recommendation.

Councillor Johnson introduced the report which provided the latest revenue

budget monitoring position for 2022/23 for the Council Fund and the Housing Revenue Account.

The projected year end position was:

Council Fund

• An operating deficit of £0.033m (excluding the impact of the pay award which would need to be met by reserves), which was a favourable movement of (£0.647m) from the deficit figure reported at Month 5

• A projected contingency reserve available balance as at 31st March 2023 of

£8.071m (before the impact of final pay awards)

Housing Revenue Account

• Net in-year revenue expenditure forecast to be £3.324m higher than budget

• A projected closing balance as at 31st March 2023 of £3.150m

Hardship Funding from Welsh Government (WG) helped secure £16m of

direct financial help the previous year and the authority would continue to claim for

payments in 2022/23 for Self-isolation and Statutory Sick Pay Enhancement payments, along with Free School Meals direct payments within their eligible periods.

            Members congratulated the Corporate Finance Manager and his team for all the work undertaken on the budget.

RESOLVED:

That the report and the estimated financial impact on the 2022/23 budget be noted.