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Decision details

Financial Performance Report 2022/23 Year End (Q4)

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


Councillor Dan Levy, Executive Member for Finance, introduced and gave a detailed overview of the report, which provided details of the Council’s financial performance during Quarter 4 of Financial Year 2022/2023 (January 2023 to March 2023 inclusive).

The Chief Finance Officer, Elizabeth Griffiths explained and gave details of an amendment which had arisen relating to income received from the Council’s leisure provider GLL, whereby levels of debt had been reduced since the end of the previous financial year, and that the debt provision would be adjusted as appropriate. The Executive noted the explanation given.

Councillor Dan Levy proposed that the Executive agree to the recommendations as listed on the report, taking into account the point raised by the Chief Finance Officer. This was seconded by Councillor Andy Graham, was put to a vote and was unanimously agreed by the Executive.

The Executive Resolved to:

  1. Note the 2022/23 end of year financial performance;
  2. Recommend to Council to approve the carry forward of the Capital Budget of £2,372,557;
  3. Recommend to Council to approve the transfers to and between earmarked reserves as detailed in the report, and to include an additional adjustment from the bad debt provision of £670,207 to be placed in a budget deficit smoothing reserve as explained by the Chief Finance Officer for reasons set out at the meeting.

Report author: Chief Finance Officer / Deputy Chief Executive - Elizabeth Griffiths

Publication date: 14/07/2023

Date of decision: 12/07/2023

Decided at meeting: 12/07/2023 - Executive

Effective from: 23/07/2023

Accompanying Documents: