Issue - meetings
Financial Performance Q1 2022/23
Meeting: 21/09/2022 - Cabinet (for meetings after 18 January 2023 see "Executive") (Item 64)
64 Financial Performance Q1 2022/23 
PDF 71 KB
Purpose:
This report provides details of the Council’s financial and operational performance at the end of 2033-23 Quarter One (Q1)
Recommendation
That Cabinet resolves to note the 2022/23 Q1 finance performance
Additional documents:
- Item 10 - Appendix A 20220905 Q1 Detailed revenue budget comparison, item 64
PDF 92 KB
- Item 10 - Appendix B 20220905 Q1 Capital spend, item 64
PDF 225 KB
Minutes:
Councillor Levy (Cabinet Member for Finance) introduced this report. He explained that Q1 showed an overall overspend compared to budget largely due to inflation and the increase in fuel prices. He warned that the position would become more difficult as the cost of living crises bites. Various services, including green waste, trade waste and car parking enforcement had been identified as areas to keep under close review. Also officers were looking to renegotiate the current high bank charges. The Chief Finance Officer explained that there were a number of reasons why recycling costs were increasing including that some materials were very expensive to recycle.
Resolved by Cabinet to note the 2022/23 Q1 finance performance.