Decision details

The Committee gave consideration to a report providing a summary of the financial monitoring reports as at the end of October 2022.  There were five detailed reports, setting out the position as at 31 October 2022, which were summarised in the executive summary.

Decision

The Policy and Resources Committee –

1.    noted the revenue budget monitoring report as at 31 October 2022;

2.    noted the financial risks for 2022-23;

3.    noted the capital plan monitoring report as at 31 October 2022 and approved the proposed changes to the capital plan outlined in Appendix 4 of that report;

4.    noted the treasury monitoring report as at 31 October 2022;

5.    noted the reserves and balances report as at 31 October 2022;

6.    agreed to recommend to Council that the revenue virements over £0.200m during

September and October 2022 were approved; and

7.    agreed that £0.490m Revenue funding and £0.422m Capital funding relating to the pay award should be passed to the HSCP in 2022-23.

(Reference:  Report by Section 95 Officer dated 4 November 2022, submitted)