The Committee considered the quarterly finance update report for the period April to September 2022.
Members queried what was to happen to the projected underspends being reported, were they to be brought forward to be spent before 31 March or would they transfer to the new Cumberland authority.
A response would be sought following the meeting.
That the Finance update report be noted.
The subject of the decision
The Chief Officer Assets submitted a report which sought to inform Members on the Council’s financial performance against budget for the period April to September 2022 along with the forecast position to 31 March 2023.
Members noted the key messages at the end of quarter 2 for 2022/23, summarised on page 6 of the agenda.
Members thanked the Finance staff for their hard work.
Councillor C Sharpe moved the recommendation as per the report; this was seconded by Councillor M Fitzgerald. The motion was unanimously agreed.
Alternative options considered
The reason for the decision
To inform Members of the Council’s financial performance against budget for the period April to September 2022.
That the report be noted.