Decision details

·       To accept the report on the end of November 2022 review of the Revenue Budget and consider the latest financial situation regarding the budgets of each department / service.

·       To approve the transfer of £3.188 million of underspend on Corporate budgets to the Council's Financial Strategy Reserve.

·       To recommend that the procedure in terms of using funds to fund the financial deficit at the time will be:

-        firstly, use School Balances to fund the additional costs of inflation on the salaries of teachers, assistants, administrative staff and electricity which is above the budget level in the schools.

-        secondly, use the Council Tax Premium Fund to fund the additional pressure in the Homelessness field.

-        finally, use the post-Covid recovery arrangements fund established to fund the associated financial challenges that face the Council.