Issue - meetings

The forecast for the 2022/23 financial year is that the Charter Trustees of Poole will underspend against the budget set. This is due to spend to date and planned activity for the rest of the year being lower than originally envisaged. The forecast position is to draw down £7,515 less in reserves than originally budgeted for.

The Responsible Financial Officer presented a report, a copy of which had been circulated to each Charter Trustee and a copy of which appears as Appendix 'B' to these Minutes in the Minute Book.

The report set out the forecast for the 2022/23 financial year which illustrated that the Charter Trustees of Poole will underspend against the budget set. This underspend was due to spend to date and planned activity for the remainder of the year being lower than originally envisaged. The forecast underspend for the year was reported as approximated £7,500.

The report further highlighted that the reserves were estimated to be £103,088 which equates to 83% of the budget.

Charter Trustees were advised that budget workshop would be convened to provide a steer for the formation of the budget for 2023/24 and consider reducing specific budget lines.

Councillor M Earl left the meeting at 6.08pm.

RESOLVED that:-

(a)       the Charter Trustees note the in-year budget position for 2022/23, note the completion of the external audit and other finance updates set out in the report; and

(b)       the Mayor, Deputy Mayor, Sheriff, budget signatories (Councillors M Andrews and T O’Neill) and Councillor M Iyengar be appointed to serve on the budget workshop meetings.

Voting: Unanimous