Decision details

To report on quarter one Revenue & Capital Monitoring and to consider any specific recommendations on the application of resources in-year, including movements to and from reserves, as required by financial procedure rules.

RESOLVED –

1)    That in relation to the General Fund (i) the forecast revenue outturn position at Quarter 1 be noted; (ii) the intent to bring proposals to cabinet in due course for the future procurement of the Council’s energy contract from April 2023 onwards be noted; (iii) the forecast year end position on corporate reserves and balances at Quarter 1 be noted; (iv) the regular monitoring and review of corporate reserves in 2022/23 reported to Cabinet as part of the Quarterly financial monitoring cycle be noted; (v) the management actions set out at 3.7.7 to 3.7.10 of the report and the intention to bring proposals back to Cabinet for further consideration to address the in-year position be noted.

2)    That the forecast position on the Collection Fund as at Quarter 1 be noted.

3)    That the Quarter 1 forecast Housing Revenue Account position and forecast year-end reserves position be noted.

4)    That in relation to Capital (i) the Quarter 1 forecast capital monitoring position for 2022/23 be noted; (ii) that approval be given to the re-profiling of the 2022/23 capital plan as set out in the report and at Appendix 5 of the report; (iii) that approval be given for the £200k capital scheme drawdown for the Huddersfield District Energy Network; (iv) that approval be given to the £1m drawdown from the existing 22/23 Cultural Heart capital allocation to cover the cashflow issues created for the month of September through scheduling the Outline Business Case Cabinet report for 20 September 2022.