34 Budget Monitoring 2022/23 PDF 303 KB
The report provided the second revenue budget monitoring position for 2022/23 for the Renewal, Recreation and Housing Portfolio based on expenditure and activity levels for Quarter 2 of the 2022/23 financial year.
In response to a question from a Member, the Head of Finance (Adults, Health and Housing) explained that £1,116k of growth had been included in the Housing Budget for 2022/23 to reflect the continuing pressures in relation to homelessness and the provision of temporary accommodation. A total of £1,785k savings was included to mitigate these pressures which had been drawn from the Housing Acquisition Scheme and the full-year effect of the Beehive Scheme. A Member raised concern at the projected income deficit of the Building Control Service for the 2022/23 financial year and the Portfolio Holder advised that extensive action had been taken to increase income, including a review of fees and charges with revised charges implemented on 1 October 2022.
RESOLVED: That the Portfolio Holder be recommended to note the projected net overspend of £762k on controllable expenditure based on information as at September 2022.