(a) That
the Senior Leadership Team’s forecast of the full year’s outturn for the
Council, made at the end of Quarter 1, including progress of the transformational
and tactical savings incorporated into the budget, be noted.
(b) That the capital programme for 2022/23 including the
slippage from previous years, and the work taking place to review this before
the capital strategy for 2023/24 is developed, be noted.
(c) That the opening
position for the Medium-Term Financial Plan (MTFP) refresh and the budget
timetable headlines be noted.
(d) That the budget movements (virements) set out in the report
to Cabinet of 26 July 2022, be agreed.
Reason for the decision
The Council has responsibilities to deliver
within its corporate plan and it must do this within the resources made
available through the revenue and capital budgets for 2022/23. The report
summarised the Council’s forecast financial performance for the year at the end
of the first quarter.