Issue - meetings

1.  The latest financial position be considered;

2.  A projected net overspend on services of £9,683k forecast based on information as at December 2022 be noted.

3.  The comments from Chief Officers detailed in Appendix 2 be noted;

4.  A projected increase to the General Fund balance of £65k as detailed in section 3.3 be noted;

5.  The full year cost pressures of £13.069m as detailed in section 3.4 ne noted;

6.  The release of funding from the 2022/23 central contingency as detailed in paragraphs 3.2.2 to 3.2.5 be agreed;

7.  the release of £500k from the CEF Health Reserve Fund for expenditure in the CEF department as detailed in para. 3.8 be agreed;

8.  The set aside of £400k for Homes for Ukraine staffing costs for 2023/24 as detailed in para. 3.9 be agreed;

9.  the release of £2m from the Health reserve for the ICB as detailed in para. 3.10 be agreed;

10.  The set aside a one off sum of £630k as an earmarked reserve for EHCP’s/High Needs costs for 2023/24 and 2024/25 to be met from the 2022/23 central contingency as detailed in para. 3.11 be agreed;

11.  The set aside of £635k as an earmarked reserve for Legal costs as detailed in para. 3.12 and in Part Two (Appendix 7) of the report be agreed;

12.  That any unspent Homes for Ukraine funding be set aside as an earmarked reserve to meet ongoing spend commitments, where funding is not available, relating to Homes for Ukraine as detailed in para. 3.13;

13.  That any issues be referred to individual Portfolio Holders for further action.

14.  That Council be requested to agree to the release of £2m from the Health reserve for the ICB as detailed in para. 3.10. 

Report FSD23025

The report provided the first budget monitoring position for 2022/23 based on expenditure and activity levels up to the end of December 2022. The report also highlights any significant variations which will impact on future years as well as any early warnings that could impact on the final year end position.

The report had been scrutinised by the Executive, Resources and Contracts PDS Committee at its meeting on 22 March 2023 and the Committee had supported the recommendations.

RESOLVED: That

1.  The latest financial position be considered.

2.  A projected net overspend on services of £9,683k forecast based on information as at December 2022 be noted.

3.  The comments from Chief Officers detailed in Appendix 2 be noted.

4.  A projected increase to the General Fund balance of £65k as detailed in section 3.3 be noted.

5.  The full year cost pressures of £13.069m as detailed in section 3.4 be noted.

6.  The release of funding from the 2022/23 central contingency as detailed in paragraphs 3.2.2 to 3.2.5 be agreed.

7.  The release of £500k from the CEF Health Reserve Fund for expenditure in the CEF department as detailed in para. 3.8 be agreed.

8.  The set aside of £400k for Homes for Ukraine staffing costs for 2023/24 as detailed in para. 3.9 be agreed.

9.  The release of £2m from the Health reserve for the ICB as detailed in para. 3.10 be agreed.

10.  The set aside a one off sum of £630k as an earmarked reserve for EHCP’s/High Needs costs for 2023/24 and 2024/25 to be met from the 2022/23 central contingency as detailed in para. 3.11 be agreed;

11.  The set aside of £635k as an earmarked reserve for Legal costs as detailed in para. 3.12 and in Part Two (Appendix 7) of the report be agreed.

12.  Any unspent Homes for Ukraine funding be set aside as an earmarked reserve to meet ongoing spend commitments, where funding is not available, relating to Homes for Ukraine as detailed in para. 3.13 be agreed.

13.  Any issues be referred to individual Portfolio Holders for further action.

14.  Council be requested to agree to the release of £2m from the Health reserve for the ICB as detailed in para. 3.10.