Decision details

The purpose of this report is to show the position of the Revenue Budget at the end of 2022/23.

Approve the following earmarked reserve changes:

a)    transfer the amounts in City Development and Neighbourhoods, as detailed in Appendix B of the report, at paras 6.6, 7.1, 8.1, and 11.2 to reserves.

b)    transfer the amounts in Adult Social Care as detailed in Appendix B, para 13.4.

c)    transfer the amounts to the Social Care Reserve as detailed in Appendix B, para 14.5.

d)    transfer the amounts between the City Development and Neighbourhoods reserve and Managed Reserves, as detailed in Appendix D, para 4.5.

e)    transfer £5.5m from the insurance fund to the capital programme reserve as detailed in Appendix D, para 5.4.

f)     transfer £4.4m from the Managed Reserves Strategy to fund the 2022/23 overall overspend and balance the outturn position

Approve the reductions to budgets described at Appendix C of the report, delegate authority to the Director of Finance to determine the specific budget ceilings affected, and transfer the resulting saving in 23/24 to the Managed Reserves Strategy

Not Applicable.