DECISION

1.    To note the council’s forecast outturn position against General Fund, Dedicated Schools Budget, Housing Revenue Account and earmarked reserves for 2022-23, based on forecasts as at 31^st December 2022;

2.    To note the progress made against the 2022-23 savings targets, based on forecasts as at 31^st December 2022;

3.    To note the council’s forecast outturn position against General Fund and Housing Revenue Account capital programme approved budgets for 2022-23, based on forecasts as at 31^st December 2022;

4.    To note that there are no equalities implications directly resulting from this report, as set out in Section 4 of the report.

ACTION BY

CORPORATE DIRECTOR, RESOURCES (C. HOLLAND)

Director of Finance, Procurement and Audit (N. Visram)

Councillor Saied Ahmed (Cabinet Member for Resources and the Cost of Living) introduced the report that presented the forecast outturn compared to the budget report 2022/23 as at 31^st December 2022 (Period 9) for the General Fund, Dedicated Schools Grant (DSG) Budget, Housing Revenue Account (HRA), progress made against savings targets and the council’s capital programme as well as projections on General Fund earmarked reserves and the forecast impacts of Covid on the Council’s finances in 2022-23.

The Mayor welcomed the report and agreed the recommendations.

RESOLVED that the Mayor in Cabinet:

1.    Notes the council’s forecast outturn position against General Fund, Dedicated Schools Budget, Housing Revenue Account and earmarked reserves for 2022-23, based on forecasts as at 31^st December 2022;

2.    Notes the progress made against the 2022-23 savings targets, based on forecasts as at 31^st December 2022;

3.    Notes the council’s forecast outturn position against General Fund and Housing Revenue Account capital programme approved budgets for 2022-23, based on forecasts as at 31^st December 2022;

4.    Notes that there are no equalities implications directly resulting from this report, as set out in Section 4 of the report.