Decision details

Money Matters 2022/23: Review of the Financial Performance against the Financial Strategy

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


The Cabinet:


1.1.  Noted the report and issues raised within and that Leadership Team with Cabinet Members will continue to closely monitor and manage the MTFS


1.2.  Noted the transfers to or from general and earmarked reserves at 31 March 2023


1.3.  Approved £1,294,000 of Capital programme slippage related to 2022/23 being added to the Approved Budget in 2023/24 and 2024/25 as outlined at APPENDIX D of the Cabinet report.


1.4.  Delegated responsibility to the Cabinet Member for Finance and Commissioning and the Assistant Director Finance and Commissioning to make updates to Prudential Indicators based on more up to date information as the accounts are finalised in advance of approval by Council


1.5.  Approved an increase in the budget of Burntwood Leisure Centre project in 2023/24 by £173,000. This will be funded by transferring £88,000 from the Building a Better Council budget and £85,000 from the Freedom Leisure exit payment (approved by Council for this purpose).


1.6.  Recommended to Council to approve the actual 2022/23 Prudential Indicators.


Report author: Anthony Thomas

Publication date: 28/06/2023

Date of decision: 27/06/2023

Decided at meeting: 27/06/2023 - Cabinet

Accompanying Documents: