Issue - meetings
Outturn Report 2022/23
Meeting: 12/09/2023 - Council (Item 26)
26 Cabinet 26 July 2023 - Minute No. 5 - Financial Outturn Report 2022/23 
PDF 172 KB
RECOMMENDED that Council: -
(c) Approves the 2023/24 capital virements to accept new grants above £1m as set out in Appendix C.
Note – resolutions (a) and (b) were resolved matters by the Cabinet.
Additional documents:
- Appendix A Revenue Outturn Narrative 2022-23, 26/07/2023 Cabinet, item 26
PDF 238 KB
- Appendix A1 General Fund Outturn Budget Variances 2022-23, 26/07/2023 Cabinet, item 26
PDF 175 KB
- Appendix A2 Revenue Ouuturn Summary 2022-23, 26/07/2023 Cabinet, item 26
PDF 34 KB
- Appendix A3 Transformation Programme Outturn 2022-23, 26/07/2023 Cabinet, item 26
PDF 612 KB
- Appendix B Reserves at 31 March 2023, 26/07/2023 Cabinet, item 26
PDF 100 KB
- Appendix B1 Letter to Secretary of State regarding the DSG, 26/07/2023 Cabinet, item 26
PDF 168 KB
- Appendix C Capital Outturn 2022-23, 26/07/2023 Cabinet, item 26
PDF 305 KB
- Appendix D HRA Outturn 2022-23, 26/07/2023 Cabinet, item 26
PDF 228 KB
- Appendix E Company Outturns 2022-23, 26/07/2023 Cabinet, item 26
PDF 120 KB
Minutes:
The Portfolio Holder for Finance, Councillor Mike Cox presented the report on the Financial Outturn for 2022/23 and outlined the recommendations as set out on the agenda.
Comprehensive discussion took place on the item with Members acknowledging the financial situation of the council and the budgetary issues.
RESOLVED that Council: -
(a) approved the 2023/24 capital virements to accept new grants above £1m as set out in Appendix C.
Voting: Nem.Con
Note – resolutions (a) and (b) were resolved matters by the Cabinet.
[Councillor P Miles left the meeting at 20:03]
Meeting: 26/07/2023 - Cabinet (Item 5)
5 Financial Outturn Report 2022/23 PDF 172 KB
This report provides the 2022/23 financial outturn information for the general fund, capital programme and housing revenue account (HRA).
The general fund outturn has achieved the previously forecast £10.6m surplus used to support the budget for 2023/24. Further revenue savings and asset sales realised as planned has avoided the need for a capitalisation direction to fund elements of the transformation programme in 2022/23.
Additional documents:
- Appendix A Revenue Outturn Narrative 2022-23, item 5
PDF 238 KB
- Appendix A1 General Fund Outturn Budget Variances 2022-23, item 5
PDF 175 KB
- Appendix A2 Revenue Ouuturn Summary 2022-23, item 5
PDF 34 KB
- Appendix A3 Transformation Programme Outturn 2022-23, item 5
PDF 612 KB
- Appendix B Reserves at 31 March 2023, item 5
PDF 100 KB
- Appendix B1 Letter to Secretary of State regarding the DSG, item 5
PDF 168 KB
- Appendix C Capital Outturn 2022-23, item 5
PDF 305 KB
- Appendix D HRA Outturn 2022-23, item 5
PDF 228 KB
- Appendix E Company Outturns 2022-23, item 5
PDF 120 KB
Decision:
RESOLVED that Cabinet: -
(a) Notes the financial outturn position for 2022/23; and
(b) Approves the 2023/24 capital virement to accept a new grant below £1m as set out in Appendix C.
RECOMMENDED that Council: -
(c) Approves the 2023/24 capital virements to accept new grants above £1m as set out in Appendix C.
Voting: Unanimous
Portfolio Holder: Finance
Reason
To report the financial outturn position for 2022/23 and obtain approval for acceptance of new capital grants for 2023/24 in accordance with the council’s financial regulations.
Minutes:
The Portfolio Holder for Finance presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'A' to these Minutes in the Minute Book.
Cabinet was advised that the report provided the 2022/23 financial outturn information for the general fund, capital programme and housing revenue account (HRA).
Cabinet was informed that the general fund outturn has achieved the previously forecast £10.6m surplus used to support the budget for 2023/24, and that further revenue savings and asset sales realised as planned has avoided the need for a capitalisation direction to fund elements of the transformation programme in 2022/23.
Councillor Broadhead addressed the Cabinet questioning the surplus discrepancy mentioned within Mike Greenes statement, and in relation to this the Portfolio Holder for Finance confirmed the surplus amount as £10.6 million.
RESOLVED that Cabinet: -
(a) Notes the financial outturn position for 2022/23; and
(b) Approves the 2023/24 capital virement to accept a new grant below £1m as set out in Appendix C.
RECOMMENDED that Council: -
(c) Approves the 2023/24 capital virements to accept new grants above £1m as set out in Appendix C.
Voting: Unanimous
Portfolio Holder: Finance
Reason
To report the financial outturn position for 2022/23 and obtain approval for acceptance of new capital grants for 2023/24 in accordance with the council’s financial regulations.