Decision Maker: Economy and Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To receive an update on the financial position for 2022/23. To note or approve virements and supplementary estimates as required.
The Committee received a report which provided an overview of the Cheshire East Council forecast outturn for the financial year 2022/23.
It was reported that a financial management training session would be held for members of the Committee on 5 December 2022.
The Committee noted the reduction in visitor numbers at Tatton Park and increases in costs increases due to inflation, and asked what the revenue budget was for Tatton Park. It was agreed that this information would be circulated to committee members.
RESOLVED (unanimously): That the Committee
1 note the report of the Finance Sub Committee of 9 November 2022 and specifically the recommendations of that Sub Committee:
1.1 Finance Sub Committee recommend Services Committees to
1.1.1 note the financial update and forecast outturn relevant to their terms of reference.
1.1.2. note that officers will seek to improve the financial outturn across all Committees to mitigate the overall forecast overspend of the Council.
2 note Appendix 4 and the following sections specific to the Committee:
· changes to Revenue budget 2022/23
· Action Plan 2022/23
· Corporate Grants Register
· Debt Management
· Capital Strategy
· Reserve Strategy
Report author: Paul Goodwin
Publication date: 21/11/2022
Date of decision: 15/11/2022
Decided at meeting: 15/11/2022 - Economy and Growth Committee
Effective from: 29/11/2022