To consider a report of the Executive Member for Finance and Governance and the Director of Finance and Systems.

The Leader of the Council provided the Executive with a report that informed Members of the 2022/23 summary forecast outturn figures relating to both Revenue and Capital budgets. The report also summarised the latest forecast position for Council Tax and Business Rates within the Collection Fund.

The Leader informed Members that a detailed final outrun report would be published later in the year. It was reported that the current budget forecast for the year was an overspend of £29,000, which was a significant favourable movement over previous reporting. It was noted that the favourable movement was due to the impact of the revision of the minimum provision policy.

RESOLVED: That the Executive notes the updated summary positions on the revenue budget and capital programme.