The Assistant Director of Finance introduced the report of the Director of Resources which provided an update on the 2022-23 budget monitoring and 2023-24 budget setting processes in the Committee’s capacity as the Policy and Service Committee for the functions of the Chief Executive’s Office, the Law and Governance Directorate and the Resources Directorate.

The Committee discussed the level of detail provided to members for financial monitoring and the recommendations of the External Assurance Review in relation to the level of financial detail were highlighted. Further detail was sought on the Business Rates Equalisation Reserve and the budget for Enterprise Resource Planning.

Resolved – That

(1)  The anticipated timetable for reporting quarterly financial information be noted.

(2)  The budget position specific to the Policy and Resources Committee be noted.