Decision details

The Executive considered a report in respect of the Third Quarter Revenue Budget monitoring 2022/23 for the General Fund and Housing Revenue Account (HRA).

It was RESOLVED:

1.          That the 2022/23 Third Quarter projected net decrease in General Fund expenditure of £205,150 be approved.

2.          That it be noted that the cumulative changes made to the General Fund net budget remains within the £400,000 increase variation limit delegated to the Executive.

3.          That the changes to the 2023/24 General Fund budget of £12,000, as set out in Paragraph 4.1.5 of the report, be approved.

4.          That the 2022/23 Third Quarter projected net increase in Housing Revenue Account (HRA) expenditure of £157,730 be approved.

5.          That two virements from the HRA planned maintenance budgets to fund the works to void properties be approved, namely a virement of £250,000 from the decent homes budget and a second virement of £250,000 from the cyclical maintenance budget, as set out in Paragraph 4.4.4 of the report.

6.          That it be noted that the cumulative increases made to the HRA net budget remain within the £250,000 increase variation limit, delegated to the Executive, after the Council endorsed charges made in the January 2023 budget report.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.