Issue - decisions

2022-23 Financial Outturn Report

13/07/2023 - Financial Outturn 2022/23



       (1)               it is noted that:


a)    the year-end position for the financial year 2022-23 is currently a decrease to the General Fund balance of £278k against a budgeted net zero position


b)    the General Fund balance has decreased from £1.127m to £0.849m at the end of 2022-23


c)    that the level of earmarked reserves has decreased by £3.209m to £4.264m, with the final release of £2.811m from the Section 31 Grant Repayment Reserve created in 2020-21 because of the Covid-19 pandemic


d)    the current level of Capital expenditure as shown in Appendix 1 of the report


e)    that the 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


       (2)               the transfers to and from earmarked reserves as detailed in the table in section 6 of the report is approved.