The County Council's Financial Position - 2022/23 Outturn
September 7, 2023 Cabinet (Cabinet collective) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
Lancashire Cabinet approved the county council's 2022/23 revenue and capital outturn position on 07/09/2023. The revenue outturn was a net expenditure of £948.857m against a budget of £948.107m, representing an overspend of £0.750m. The capital outturn was £138.585m against a budget of £223.115m, a variance of £84.530m.
Full council record
Purpose
This report provides details for Cabinet on the county council's 2022/23 revenue and capital outturn position.
The 2022/23 revenue position at the end of the year is net expenditure of £948.857m, against an approved budget of £948.107m, which represents an in-year overspend of £0.750m or 0.08% of the revenue budget.
The capital delivery programme for 2022/23 totalled £223.115m with the programme delivering an outturn position of £138.585m, resulting in a variance against budget of £84.530m.
Decision
The Cabinet approved the recommendation(s) as set out in the report.
Details
| Outcome | Recommendations Approved |
| Decision date | 7 Sep 2023 |
| Effective from | 13 Sep 2023 |