Purpose

To receive the outturn against the revenue
budget 2022/23.

Decision

Cabinet note:
 
1.    
The net revenue expenditure on services in 2022/23,
before year end transfers to reserves, resulted in a favourable variance of
£3.67M lower than the budget
approved by Council in
February 2022, as detailed in sections 2 and 7 of the
report.

 
2.    
The year end
contributions to reserves that have been proposed in line
with financial policies, as detailed in section 3 of the
report.
 
3.    
The achievement of planned savings and pressures for
2022/23 as detailed in sections 9 of the
report.
 
4.    
That budget virements amounting to £0.15M which
were processed during quarter four, as summarised in section 10 of the
report.
 
Recommend Council to approve:
 
5.    
The proposed transfer of the outturn surplus of
£3.67M to earmarked revenue reserves as detailed in section 3
of the report:

 
·        
To the Economic Recovery Fund Reserve
£0.08M;
·        
To the Efficiency, Transformation and Digital Reserve
£0.36M:
·        
To the Budget Carry Forward Reserve £0.34M;
and
·        
To the MTFS Risk Reserve
£2.89M