The Director of Resources introduced the report which set out the financial monitoring information for the Policy & Resources Committee as its function as a Policy and Services Committee for the Resources Directorate, the Law and Governance Directorate and the Corporate Office at quarter 1 (1 Apr – 30 Jun) of 2022-23. The report provided Members with an overview of revenue and capital budget performance, including progress on the delivery of the 2022-23 saving programme and a summary of reserves to enable the Committee to take ownership of the budgets and provide robust challenge and scrutiny to Officers on the performance of those budgets.

Resolved – That

(1)  the forecast adverse revenue position of £0.657m presented at Quarter 1 be noted.

(2)  the progress on delivery of the 2022-23 savings programme at Quarter 1 be noted.

(3)  the forecast level of reserves at Quarter 1 be noted.

(4)  the forecast capital position presented at Quarter 1 be noted.