Issue - meetings

2022/23 Quarter 4 Performance Report

Meeting: 10/07/2023 - Policy Committee (Item 17)

17 2022/23 Quarter 4 Performance Report pdf icon PDF 387 KB

This report sets out the provisional revenue and capital outturn positions for the Council’s General Fund and Housing Revenue Account (HRA) for 2022/23 as well as performance against the measures of success published in the Council’s Corporate Plan.

Additional documents:

Minutes:

The Committee considered a report­ setting out the provisional revenue and capital outturn positions for the Council’s General Fund and Housing Revenue Account (HRA) for 2022/23 and the performance against the measures of success set out in the Council’s Corporate Plan.  The following documents were attached to the report:

 

·         Appendix 1 - General Fund Outturn

·         Appendix 2 - Housing Revenue Account (HRA) Outturn

·         Appendix 3 - Capital Programme Outturn

·         Appendix 4 - Savings

·         Appendix 5 - Delivery Fund

·         Appendix 6 - Reserves Position as at 31 March 2023

·         Appendix 7 - Corporate Plan Monitoring for Quarter 4 2022/23 (Measures & Projects)

·         Appendix 8 - Corporate Plan Measures for Quarter 4 (Charts)

·         Appendix 9 - Debt Write-Offs (exempt information)

 

The report noted that the budget for 2022/23 had been prepared during a challenging period due to the continuing uncertainty caused by the ongoing implications of the Covid-19 pandemic and a one-year Local Government funding settlement from Central Government. The Budget had included £10.224m of savings to be delivered in 2022/23 to deliver a balanced budget position, with a planned contribution of £0.695m to reserves.  The actual outturn position was a positive net variance of £4.191m, which was an improvement of £0.884m from the projected outturn position as at the end of Quarter 3.  The actual outturn position for net service expenditure was £137.408m, inclusive of approved net transfers to reserves of £6.592m, resulting in an adverse net variance of £3.989m. This included adverse variances of £1.221m within Economic Growth and Neighbourhood Services, £0.123m within Resources, and £0.131m within Chief Executive Services, which were offset by positive variances of £0.237m within Adult Care and Health Services, and £0.094m within Children’s Services Retained by the Council.  Brighter Futures for Children (BFfC) were requesting additional funding support of £2.845m over and above the 2022/23 contract sum.  The adverse variance on service expenditure was a net increase of £0.004m from the projected outturn position reported to the meeting of the Committee on 13 March 2023 (Minute 62 refers), with the most material movements being from the increase in the adverse variance reported by BFfC of £1.974m and the improvement in the Adult Care and Health Services position of £1.553m which was mainly due to additional Winter Pressures income.  Detailed explanations for all service variances were set out in the report.

 

The report explained that Services had submitted two carry forward requests totalling £0.281m which related to staffing in Human Resources & Organisational Development and Digital, Technology & Change. If these requests were approved this would leave a remaining surplus of £3.910m that would be added to earmarked reserves. It was recommended that £0.500m be transferred to a new Hardship Fund and the remaining balance of £3.410m be transferred to the Capital Financing Smoothing Reserve to support the Capital Programme.

 

The original budget for 2022/23 had included assumed savings of £10.224m, including £2.045m of savings brought forward from the previous year.  A total of £7.401m of ongoing savings had been delivered in 2022/23, leaving a residual balance of £2.823m  ...  view the full minutes text for item 17