Decision - Targeted Budget Management (TBM) Provisional Outturn 2022/23

RESOLVED: 2.1 That the Committee note that the provisional General Fund outturn position is an overspend of £3.020m and that this represents an improvement of £1.553m compared to the projected and planned resource position at Month 9 and taken into account when setting the 2023/24 budget. 2.2 That the Committee note the provisional outturn includes an underspend of £0.562m on the council's share of the NHS managed Section 75 services. 2.3 That the Committee approve General Fund carry forward requests totalling £7.912m as detailed in Appendix 5 and assumed within the provisional outturn. 2.4 That the Committee note the provisional outturn for the separate Housing Revenue Account (HRA), which is a break-even position. 2.5 That the Committee note the provisional outturn position for the ring-fenced Dedicated Schools Grant, which is an underspend of £0.368m. 2.6 That the Committee note the provisional outturn position on the Capital Programme which is an underspend variance of £2.661m. 2.7 That the Committee approve the capital budget variations and re-profiling requests set out in Appendix 7. 2.8 That the Committee approve the new capital schemes requested in Appendix 8. 2.9 That the Committee approve the creation of a 10-Year Lease Dilapidations Provision as set out in paragraph 9.10.

The report set out Brighton & Hove City Council’s provisional financial position for 2022/23, including a £3.020 million General Fund overspend, a break-even Housing Revenue Account and a £2.661 million capital programme underspend. It also reported that 43% of the planned savings package was not achieved and sought approval for budget carry-forwards, capital changes, new capital schemes and a lease dilapidations provision.