Issue - meetings

The Charter Trustees are asked to note the budget outturn position for 2022/23.

Matt Filmer, Responsible Financial Officer presented a report on the budget outturn for 2022-23, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'B' to these Minutes in the Minute Book.

Trustees were advised that Appendix A to the report provided a detailed budget outturn, with the yearly underspend of circa £24k highlighted. The reason for this underspend was largely due to civic events and activities that had been budgeted for but had not taken place.

Total reserves were confirmed at £91k, and it was suggested that a meeting of the Working Group be convened to discuss use of the reserves.

Trustees considered the report, and sought clarity on the figures outlined, with reference to potential inconsistencies in fuel costs and other line items. In response, the Responsible Financial Officer advised that much of the expenditure by the Charter Trustees had been through the use of credit cards, and it was therefore difficult to identify spend with specificity. Total figures were confirmed as correct, but were not itemised. It was expected that reporting would improve following the introduction of the Council’s new financial system. Credit cards were now being linked to the new system, with expenditure being recorded per category.

RESOLVED: 

1. That the Budget Outturn Report 2022-23 be approved; and
2. That a meeting of the Working Group be convened to consider use of reserves.

Voting: Unanimous