Decision details

Financial Monitoring Report - February 2023

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes


To receive an update on financial monitoring information for the first and second quarters 2022/23.


RESOLVED that it is noted that the:


                    (1)         forecast year-end position for the financial year is currently a decrease to the General Fund balance of £287k against a budgeted net zero position;


                    (2)         details of specific budgetary issues identified by officers and the actions being taken to address those issues;


                    (3)         current level of Capital expenditure as shown in Appendix 1 to the report;


                    (4)         work to reconstitute the large volume of data from the manual transactions processed following the cyber incident in December 2021 into the system is in progress. The volume of manual data being analysed and reconciled means that there will be movements between the outturns forecast for the detailed categories, and that the figures provided are the best estimates based on current analyses.


Report author: Jon Topping

Publication date: 04/05/2023

Date of decision: 03/05/2023

Decided at meeting: 03/05/2023 - Cabinet

Effective from: 13/05/2023

Accompanying Documents: