Agenda item

The Committee considered joint reports of the Corporate Director of Resources and the Corporate Director of Neighbourhoods and Climate Change on the revenue and capital outturn for the final quarter of 2022/23 and the forecast revenue and capital outturn for the first quarter of 2023/24 (for copies of reports see file of minutes).

Presenting the quarter four revenue and capital outturn for 2022/23, the Finance Manager, Phil Curran, outlined the outturn position for the service area, highlighting major variances in comparison with the budget as at 31 March 2023.  The reasons for under and overspending against the relevant budget heads were provided. 

The Finance Manager then presented the forecast of revenue and capital outturn for the first quarter of 2023/24, highlighting major variances in comparison with the budget, based on the position to the end of 30 June 2023.  The Finance Manager also provided information on under and overspending against the relevant budget heads.

Resolved:

That the Quarter Four Revenue and Capital Outturn for 2022/23 and the Quarter One Forecast of Revenue and Capital Outturn for 2023/24 be noted.