The Lead Member for Environmental Services introduced the report which related to the portfolios of the Lead Members applicable to the Committee’s Terms of Reference.

There was a projected overspend against the revenue budget of £406,000, which was due to the £659,000 cost associated with Temporary Accommodation. However, the overspend could be offset through underspends in relation to other Lead Member portfolios. Capital expenditure had been lower than expected, due in part to the progression of site acquisitions as part of the Affordable Homes Strategy. Further property acquisitions could be identified should there be changes in the housing market that allow for more realistic property valuations for the Council to consider.

A total of £1.3 million had been built into the 2022/23 budget to allow for inflation, which would continue to be monitored with action taken as required if a council-wide overspend was likely.

RESOLVED: That,

1. The Revenue position as at the end of Quarter 1 for 2022-23, including the actions being taken or proposed to improve the position, where significant variances have been identified, be noted;

2. The Capital position at the end of Quarter 1 be noted; and

3. The Performance position as at Quarter 1 for 2022-23, including the actions being taken or proposed to improve the position, where significant issues have been identified, be noted.