Issue - decisions

Revenue and Capital Outturn for the 2022/23 Financial Year

21/06/2023 - Provisional Outturn Report for the 2022/23 Financial Year

Cabinet resolved to:

 

(i)  Note that the General Fund provisional outturn position for 2022/23 was £194.079m, which represented an overspend of £25.509m once movements to and from reserves, income and an increase in corporate funding had been taken into account, as detailed in Appendix A to the report;

 

(ii)  Agree the transfers from corporate reserves to mitigate the 2022/23 overspend, as detailed in Appendix A to the report;

 

(iii)  Note that the Housing Revenue Account provisional outturn position for 2022/23 showed an overspend of £2.405m which shall be met from the HRA Reserve, as detailed in Appendix A to the report;

 

(iv)  Note that the Dedicated Schools Grant (DSG) budget provisional outturn position for 2022/23 showed an overspend of £0.592m which shall be met from the DSG Reserve, as detailed in Appendix A to the report;

 

(v)  Note that the Capital Programme provisional outturn position for 2022/23 showed an underspend of £92.09m against the revised budget of £467.868m and approve the carry forwards to 2023/24, as detailed in Appendices B and C to the report; and

 

(vi)  Note the update on progress on the year-end accounts and the work still outstanding, as set out in section 5 of the report.