Content

The
Cabinet considered a report of the Executive Director (Finance and
Resources) presenting the Council’s Annual Report for
2022/23, highlighting the achievements, successes, and challenges
towards delivery of the Corporate Plan.
 
Resolved:
 
1.
That the achievements, successes and challenges brought to
life within the Annual Report 2022/23, as set out at Appendix 1 to
the submitted report, be noted.
 
Recommended:
 
2.
That the provisional 2022/23 revenue outturn position for both the
General
Fund
and Housing Revenue Account (HRA), be noted and that the agreement
of any final adjustments, following the completion and audit of the
Statement of Accounts, be delegated to the Executive Director
(Finance and Resources).
 
3.
That the appropriation of revenue funds to and from earmarked
reserves, as set out in the report, be approved.
 
4.
That the potential revenue impact of the 2022/23 outturn on the
2023/24 General Fund budget and Medium Term Financial Strategy, be noted.
 
5.
That it be noted that the expenditure on the capital investment
programme for 2022/23 totalled £51.822M against a revised
budget of £61.820M.
 
6.
That the relevant budget carry forwards and accelerated delivery
requests totalling a net £13.032M moving into 2023/24 and
future years, as set out in Appendix 2 to the submitted report, be
approved.
 
7.
That the virements, reprofiles, additions, deletions and new external funding for schemes, as detailed in Appendix 2
to the report, be approved and that it be noted that this will
result in an amended Capital Investment Programme deliverable by
the Council of £137.705M for the period 2023/24 to 2027/28,
as detailed in Appendix 3 to the report.
 
8.
That it be noted that the requested changes as detailed in Appendix
2 to the report will result in an amended total Capital Investment
Programme deliverable by South Essex Homes Limited, Porters Place
Southend-on-Sea LLP and Kent County Council of £59.046M, as
detailed in Appendix 3 to the report.
 
9.
That it be noted that a further review of the affordability and
prioritisation of the current approved Capital Investment Programme
and all the schemes currently listed as subject to viable business
cases will be brought back to a future Cabinet meeting.
 
10.
That the content of the Infrastructure Funding Statement 2022/23
(included in Appendix 4 to the report), be noted and that the CIL
Main Fund receipts be carried forward from reported year 2022/23
and previous reported years until the CIL Governance Framework and
spending plans are reviewed for the reported year 2023/24, or
Cabinet authorise any detailed spending proposals.
 
11.
That authority be delegated to the Executive Director for Growth
and Housing, in consultation with Ward Members and the Cabinet
Member for Housing and Planning to agree how the CIL Ward
Neighbourhood Allocations received up until 31 March 2023
(excluding allocation to Leigh Town Council) are to be
spent.
 
Reasons for
decisions:
 
1.
To provide Cabinet with the provisional revenue and capital outturn
position for 2022/23.
 
2.
As part of the year end processes, Cabinet is required to approve
any
appropriations to or from earmarked reserves. This report
fulfils that purpose.
 
3.
Cabinet is required to approve capital budget carry forwards,
accelerated
delivery requests and in year amendments to the current approved
programme.
 
Other Options:
 
None. This is a factual report setting out the 2022/23 outturn
and is a reporting requirement of good financial
governance.
 
Note: The decision in Resolution 1 above constitutes an
Executive Function.  The Recommendations in 2 to 11 constitute
Council Functions.
Not
eligible for call-in as the matter has been subject to pre-Cabinet
Scrutiny by the Policy and Resources Committee.
Cabinet Member: Cllr Cox