Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2022/23 and, if necessary, consider proposals for in-year adjustments aimed at achieving a balanced budget position at the year end.

Cabinet resolved to:

(i)  Note the projected revenue outturn forecast for the 2022/23 financial year as set out in section 2 and Appendix A of the report;

(ii)  Approve the revenue budget changes (virements) as detailed in Appendix D to the report; and

(iii)  Approve a net increase of £12.3m to the 2022/23 Capital Programme, resulting in a revised Capital Programme for 2022/23 of £464.9m, made up of £374.29m for the Investment and Acquisition Strategy, £57.276m for General Fund, £2.354m for Transformation and £30.983m for the Housing programme, as detailed in section 5 and Appendices B and C to the report.