Decision details

Budget monitoring - quarter 1, 2022/23

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


Cabinet considered the head of finance’s budget monitoring report for quarter 1, 2022/23. 


The Cabinet member reported that, as at 30 June 2022, there was a predicted revenue overspend at the financial year-end, being 31 March 2023.  The council had experienced rising costs from inflationary increases.  In terms of the capital programme, only a small proportion had been spent but the programme would be re-profiled accordingly.  Increases in interest rates were expected to bring higher returns on the council’s treasury investments during the year.  Officers would closely monitor the effect of the economic downturn on the council’s budgets. 


Cabinet welcomed the report. 


RESOLVED: to note the Budget Monitoring Report, Quarter 1, 2022/23. 

Report author: Simon Hewings

Publication date: 01/11/2022

Date of decision: 30/09/2022

Decided at meeting: 30/09/2022 - Cabinet

Accompanying Documents: