11  2022/23 Budget monitoring and 2022/24 Budget Setting Process

The Senior Business Partner introduced the report of the Director of Resources which detailed how the 2022/23 budget would be monitored through the Committee system which allowed Policy and Services Committees to take ownership for their specific budgets. The report emphasised the need to stay within budget and the requirements which had been set out across the Council. It was outlined that budget reports would be brought to Committee on a quarterly basis and a monthly budget monitoring panel would monitor the progress.

Members noted the report and the legal advice regarding the formation of the budget monitoring panel.

Resolved – That

(1) the process for in-year monitoring of the 2022/23 budget be noted;

(2)  the establishment and appointment of a Budget Monitoring Panel to comprise of the Committee Chair and Spokespersons in line with Section 3.12 of the report, with sessions to be led by the relevant Director/Assistant Director be agreed; and

(3)  the establishment of budget workshops as detailed in Section 3.26 of the report, the outcome of which to be reported back to Committee in September 2022 be agreed.