Issue - meetings

Overview of the General Fund Budget

Meeting: 04/04/2023 - Executive (Item 45)

45 Overview of General Fund Revenue Budget 2022/23 - Quarter 3 PDF 692 KB

To consider the report of the Director Finance.

Additional documents:

Decision:

Agreed:

RECOMMENDED that Council notes and approves (where applicable):

(1) the General Fund forecast financial position for the 2022/23 financial year;

(2) the supplementary budgets as detailed in paragraph 8.12 of the report;

(3) the outstanding Sundry Debt position as at December 2022;

(4) the creditors payments performance; and

(5) the One Exeter programme update.

Reason for Decision: As set out in the report.

Minutes:

The Executive received the report which advised Members of the overall financial position of the General Fund Revenue Budgets for the 2022/23 financial year after nine months.

Members were referred to the financial summary in the report and advised that the General Fund had a current underspend of £1,009,313, with an outurn transfer of £806,287. There was an overall projected underspend of £743,010 against a revised Service budget of £20,868,560, which would likely require additional supplementary budgets in the next financial year. The report also highlighted two supplementary budget requests, which would be funded by earmarked reserves with no impact on the projected General Fund working balance.

Councillor D. Moore, as an opposition group leader, spoke on this item. She requested whether detail on the business case for the Affordable Housing Development budget could be provided, explaining why it had been given up as a saving? She also requested detail on why the Exeter Community Grants Programme had been paused and now deferred.

The Leader, in responding, requested that detailed a response to the questions raised, be provided from the Director Finance.