Issue - meetings

As detailed in the recommendations.

Councillor Johnson introduced the report which summarised the final outturn position for 2022/23 together with changes to the Capital Programme during the last quarter.

The Capital Programme had seen a net decrease in budget of (£12.735m) during the last quarter which comprised of:-

• Net budget decrease in the programme of (£6.382m) (See Table 2 - Council

Fund (CF) (£4.243m), Housing Revenue Account (HRA) (£2.139m);

• Carry Forward to 2023/24, approved at Month 9 of (£3.060m) partially offset

by Carry Forward reversal of £0.245m;

• Switch of School Maintenance grant (£2.524m) and Additional Learning

Needs grant (£1.001m) (all CF);

• Identified savings at outturn of (£0.013m) (CF)

Actual expenditure for the year was £55.013m.

The final outturn funding surplus from the 2022/23 – 2024/25 Capital Programme was £4.313m. The 2023/24 – 2025/26 Capital Programme was approved on the 24^th January 2023, accounting for £3.376m of the current year surplus towards the programme and leaving a projected funding surplus of £0.365m. The final outturn

for 2022/23 had the impact of a revised opening funding position surplus of £1.302m, prior to the realisation of additional capital receipts and/or other funding sources.

The Democratic Services Manager explained that the report had been considered at Corporate Resources Overview and Scrutiny Committee the previous week and no comments were made.

RESOLVED:

(a)       That the overall report be approved;

(b)       That the carry forward adjustments be approved; and

(c)        That the additional allocations be approved.