Agenda item

1.  That the carry forwards requested by departments as set in paragraphs 8.1 to 8.5 and Table 7 of the report be approved.

2.  That the proposed additions and amendments to the Capital Programme as set out in paragraph 8.6 and Table 8 of the report be approved.

The Cabinet considered a report that set out the draft revenue and capital outturn position for the Council for the financial year 2022/23.

The Lead Member for financial oversight summarised the key aspects of the report.  It was noted that 2022/23 had been a challenging year for the Council due to the actions, savings and transformation needed following the issuing of a Section 114 Notice in July 2021, and the wider national issues that had impacted on local government such as the rise in inflation and rising demand for services.  The budget for 2022/23 required a Capitalisation Direction on £84.1m in order to balance.  The draft outturn position indicated that the Capitalisation Direction actually required was £59.2m, a reduction of £24.9m.  The total savings target for the Council in 2022/23, excluding Slough Children First, had been £17.3m of which £13.5m had been achieved.

After due consideration the Cabinet noted the draft outturn position and agreed the recommended carry forward requests and amendments to the capital programme as proposed.

Resolved –

(a)  That the carry forwards requested by departments as set in paragraphs 8.1 to 8.5 and Table 7 of the report be approved.

(b)  That the proposed additions and amendments to the Capital Programme as set out in paragraph 8.6 and Table 8 of the report be approved.