·
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.
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secondly, use the Council Tax Premium Fund to fund the
additional pressure in the Homelessness field.
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finally, use the post-Covid recovery arrangements fund
established to fund the associated financial challenges that face the Council.