Decision details

Torecommend the following to Full Council:

a)   The provisional outturn position for the General Fund revenue account for 2022/23;

b)    The transfers to and from reserves as detailed within the report (and appendix C) along with the corresponding updates to the 2023/24budget;

c)  The deficit of £0.261m relating to service overspends be funded from the GeneralReserve;

d)      The deficit of £0.561m relating to retained business rates be funded from the Business RatesReserve;

d)     The financing of the 2022/23 capital programme as detailed within the report and at Appendix D.

e)  The balance on the General Reserve of£2.649m;

f)         The updated capital programme for 2023/24 to 2025/26 and scheme financing as outlined withinthe report and detailed at Appendix E

g)       The roll-forward requests as outlined in Appendix F

h)       The transfer of £0.5m from the Delivery Plan Reserve to a new reserve – ‘Net Zero Initiatives’ set up specifically to fund projects, initiatives and works to achieve Net Zero.

i)         The provision of a Temporary Accommodation capital budget for 2024/25 and 2025/26 of £0.25m per year be moved into 2023/24 giving a total budget of £0.75m in 2023/24 and that this be funded by temporary borrowing until it can be replaced by preserved right to buy capital receipts.

Reasons for the decision:

To approve the draft outturn position on the revenue and capital accounts used to produce the statutory accounts for 2022/2023.