Issue - meetings

(i)       note the unaudited final outturn position for financial year 2022/23 as detailed in Appendix 1;

(ii)       note that the General Fund has recorded an operational deficit of £2.083m for the year 2022/23, which has been funded from the Earmarked sum set aside for Covid Resilience. The uncommitted General Fund reserve remains in line with the approved Reserves Policy;

(iii)      note that the Housing Revenue Account has recorded a surplus of £0.500m for the year, in line with budget and increasing the uncommitted working balance for use in future years;

(iv)      note that the Common Good has recorded an operating surplus of £0.049m for the year. After investment valuation changes and capital receipts are included total cash balances decreased by £1.248m;

(v)      approve the various transfers for 2022/23, between Council Reserves and Earmarked sums for the General Fund, Housing Revenue Account, Common Good and Statutory Funds as of 31 March 2023, as detailed in Appendix 1;

(vi)      approve the reprofiling of the 2023/24 – 2026/27 capital programmes to take account of the year end position and that the outcome of this is incorporated into the 2023/24 Quarter 1 reporting;

(vii)     note that the unaudited Annual Accounts for 2022/23 were presented to Audit, Risk and Scrutiny Committee on 11 May 2023, including the Annual Governance Statement and Remuneration Report for the year; and

(viii)    note that the Chief Officer – Finance would circulate comparative data from other local authority areas in relation to long term absences.

The Committee had before it a report by the Director of Resources which provided the full year actual financial position of the Council against budget for the financial year 2022/23, including:-

·       General Fund and Housing Revenue Account (HRA) revenue and capital accounts; and

·       Common Good Revenue Account and Balance Sheet.

The report recommended:-

that the Committee –

(a)      note the unaudited final outturn position for financial year 2022/23 as detailed in Appendix 1;

(b)      note that the General Fund has recorded an operational deficit of £2.083m for the year 2022/23, which has been funded from the Earmarked sum set aside for Covid Resilience. The uncommitted General Fund reserve remains in line with the approved Reserves Policy;

(c)      note that the Housing Revenue Account has recorded a surplus of £0.500m for the year, in line with budget and increasing the uncommitted working balance for use in future years;

(d)      note that the Common Good has recorded an operating surplus of £0.049m for the year. After investment valuation changes and capital receipts are included total cash balances decreased by £1.248m;

(e)      approve the various transfers for 2022/23, between Council Reserves and Earmarked sums for the General Fund, Housing Revenue Account, Common Good and Statutory Funds as of 31 March 2023, as detailed in Appendix 1;

(f)       approve the reprofiling of the 2023/24 – 2026/27 capital programmes to take account of the year end position and that the outcome of this is incorporated into the 2023/24 Quarter 1 reporting; and

(g)      note that the unaudited Annual Accounts for 2022/23 were presented to Audit, Risk and Scrutiny Committee on 11 May 2023, including the Annual Governance Statement and Remuneration Report for the year.

The Committee resolved:-

(i)       to approve the recommendations; and

(ii)       note that the Chief Officer – Finance would circulate comparative data from other local authority areas in relation to long term absences.