Issue - meetings
Performance Monitoring Q2
Meeting: 14/12/2022 - Cabinet (for meetings after 18 January 2023 see "Executive") (Item 99)
99 Financial Performance Report 2022/23 Quarter Two 
PDF 437 KB
Purpose:
To review Financial Performance Report 2022/23 Quarter Two
Recommendations:
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That Cabinet resolves to: a) Note the report. b) Approve the allocations for the New Initiatives fund. c) Delegate authority to the Chief Executive, in consultation with the Leader of the Council, the Cabinet Member for Finance and, where relevant to portfolios, other Cabinet Members, to approve further allocations from the New Initiatives fund. |
Additional documents:
- Item 6 - 20221123 Q2 Financial Performance Budget monitoring Annex A, item 99
PDF 688 KB
- Item 6 - 20221123 Q2 Financial Performance Budget monitoring Annex B, item 99
PDF 389 KB
Minutes:
Councillor Dan Levy, Cabinet Member for Finance, presented the report which reviewed the Council Financial Performance for 2022-23 Quarter Two (Q2) and sought agreement to delegate authority to approve further funds from the New Initiatives Fund.
Councillor Levy reported that there had been predictable overspend in a few areas and loss of income in some fee generating services. Officers were looking to get these back on track where possible.
Cabinet had been progressing a variety of new priority projects under the New Initiatives Fund. Some £750,000 had already been allocated. Cabinet was recommended to approve the allocations and to delegate authority to the Chief Executive, in consultation with Cabinet members, to approve further allocations.
In answer to a question from Councillor St John, Councillor Arciszewska (Cabinet Member for Environment) said she would provide further information about the deployment of the new electric road sweepers.
The Cabinet Resolved to:
a) note the Financial Performance for Quarter two,
b) approve the allocations for the New Initiatives Fund, and
c) delegate authority to the Chief Executive, in consultation with the Leader of the Council, the Cabinet Member for Finance and, where relevant to portfolios, other Cabinet Members, to approve further allocations from the New Initiatives Fund.