Issue - meetings

To receive an update on the financial position for 2022/23.  To note or approve virements and supplementary estimates as required.

Tracy Baldwin, Lead Finance Partner introduced the report to the Committee.  Finance Sub-Committee had reviewed the report on the 9 November 2022 and made recommendations to this Committee.

The Committee noted that the majority of the overspend was in the Adults, Social Care and Health, the Lead Finance Partner clarified this was due to an increase in the complexity of demand plus inflation impacts from providers.

RESOLVED (Unanimously): That:

a)    the report of the Finance Sub-Committee be noted, specifically the recommendations of that committee:

-          that the financial update and forecast outturn relevant to their terms of reference be received and noted; and

-          that the officers will seek to improve the financial outturn across all Committees to mitigate the overall forecast overspend of the Council be noted.

b)    Appendix 5 be noted and the following sections specific to this Committee:

· Changes to Revenue budget 2022/23

· Action Plan 2022/23

· Corporate Grants Register

· Debt Management

· Capital Strategy

· Reserve Strategy