Issue - decisions

General Revenue Fund

It is recommended that Cabinet:

(i)  Notes the forecast outturn position is a £9.59M deficit, after taking account of £4.02M agreed in-year savings, as outlined in paragraph 4 and in paragraph 1 of appendix 1.

(ii)  Notes the performance of treasury management, and financial outlook in paragraphs 5 to 8 of appendix 1.

(iii)  Notes the forecast year end position for reserves and balances as

    detailed in paragraphs 9 and 10 of appendix 1.

(iv)  Notes the Key Financial Risk Register as detailed in paragraph 11

of appendix 1.

(v)  Notes the performance against the financial health indicators detailed in paragraphs 15 and 16 of appendix 1.

(vi)  Notes the forecast outturn position outlined in the Collection Fund Statement detailed in paragraphs 19 to 22 of appendix 1.

Housing Revenue Account

It is recommended that Cabinet:

(vii)  Notes the forecast outturn position is a nil variance against budget as outlined in paragraph 5 and paragraph 17 of appendix 1.

Capital Programme

It is recommended that Cabinet:

(viii)  Notes the revised General Fund Capital Programme, which totals £353.13M as detailed in paragraph 1 of appendix 2.

(ix)  Notes the HRA Capital Programme is £267.12M as detailed in paragraph 1 of appendix 2.

(x)  Approves the addition of £1.32M to the Economic Development programme, along with approval to spend, as detailed in paragraph 4 of appendix 2.

(xi)  Approves the reduction of £0.25M to the Communities & Customer Engagement programme, as detailed in paragraph 5 of appendix 2.

(xii)  Approves the net reduction of £7.11M to the Finance & Change programme, as detailed in paragraphs 6-8 of appendix 2.

(xiii)  Approves the reduction of £0.50M to the Health, Adults & Leisure programme, as detailed in paragraph 9 of appendix 2.

(xiv)  Approves the net reduction of £1.30M to the Housing & Green Environment programme, as detailed in paragraphs 10 and 11 of appendix 2.

(xv)  Approves the addition of £0.5M to the Safer City programme, along with approval to spend, as detailed in paragraph 12 of appendix 2.

(xvi)  Approves the net addition of £0.38M to the Transport & District Regeneration programme, along with approval to spend, as detailed in paragraphs 13-16 of appendix 2.

(xvii)  Approves slippage and rephasing of £18.69M (£14.95M of General Fund and £3.74M of HRA) as detailed in paragraphs 17 and 18 of appendix 2. Noting that the movement has zero net movement over the 5-year programme.

(xviii)  Notes that the overall forecast position for 2022/23 at quarter 2 is £162.99M, resulting in a potential surplus of £5.42M, as detailed in paragraphs 19 and 20 of appendix 2.

(xix)  Notes that the capital programme remains fully funded up to 2026/27 based on the latest forecast of available resources although the forecast can be subject to change; most notably regarding the value and timing of anticipated capital receipts and the use of prudent assumptions of future government grants to be received.

(xix)