96 Financial Monitoring Report PDF 544 KB
Additional documents:
Decision:
1. Cabinet noted the financial outturn position for the General Fund and Housing Revenue account as forecast at Quarter 2. The revenue outturn forecast is a deficit of £0.111m for the General Fund and a deficit of £0.538m for the Housing Revenue Account. The Council’s capital programme is forecast on budget, with additional slippage of £3.387m on General Fund schemes and slippage of £17.278m for the HRA.
2. Cabinet RESOLVED TO RECOMMEND to Council the approval of the draw down of £870k from the Dacorum Development Reserve to fund the 2022/23 employee pay award and the reallocation of £270k of the HRA revenue contribution to capital.
Minutes:
Decision
1. Cabinet noted the financial outturn position for the General Fund and Housing Revenue account as forecast at Quarter 2. The revenue outturn forecast is a deficit of £0.111m for the General Fund and a deficit of £0.538m for the Housing Revenue Account. The Council’s capital programme is forecast on budget, with additional slippage of £3.387m on General Fund schemes and slippage of £17.278m for the HRA.
2. Cabinet RESOLVED TO RECOMMEND to Council the approval of the draw down of £870k from the Dacorum Development Reserve to fund the 2022/23 employee pay award and reallocation of £270k of the HRA revenue contribution to capital.
Corporate Priorities
A clean, safe and enjoyable environment; Building strong and vibrant communities; Ensuring economic growth and prosperity; Providing good quality affordable homes, in particular for those most in need; Ensuring efficient, effective and modern service delivery; Climate and ecological emergency.
Statutory Officer Comments:
Monitoring Officer:
The report is part of the Council’s continual budget monitoring and provides members with the required oversight of the Council’s financial position at quarter 2.
S151 Officer:
This report is a S151 Officer report.
Advice
Cllr Elliot introduced the report and recommendations, there were no questions.
Recommendations agreed