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RESOLVED: To
 
1.1.        
Note the General Fund revenue budget outturn is
forecast to be balanced at Month 11.

 
1.2.        
Note the forecast elimination of the planned
contribution to General Fund Reserves of £6.9m for
2022-23.
 
1.3.        
Note the progress of the MTFS savings as summarised
in Table 4 and detailed in Appendix 3.
 
1.4.        
Note the Housing Revenue Account (HRA) forecast
overspend of £1.2m.
 
1.5.        
Note the Capital Programme spend to date for the
General Fund of £25.6m (which excludes forecast
capitalisation direction of £186.6m to come) against a budget
of £254.5m) with a forecast underspend of
£19.7m.
 
1.6.        
Note the Housing Revenue Account Capital Programme
spend to date of £21.6m (against a budget of £27.4m),
with a forecast underspend of £0.7m.
 
1.7.        
Note the above figures are predicated on forecasts
from Month 11 to the year end and therefore could be subject to
change as forecasts are made based on the best available
information at the time.
 
1.8.        
Note the Council continues to operate Spending
Control Panels to ensure that tight financial control and assurance
oversight are maintained. A new financial management culture is
being implemented across the organisation through increased
scrutiny such as the monthly assurance meetings, improved
communication, and budget manager training from CIPFA.