25 Asset Management Outturn 2022/23 PDF 126 KB
Finance and Resources
To report the actual expenditure against budget for the Asset Management Plan in 2022/23 and to update the Asset Management Plan requirement for 2023/24.
Additional documents:
Decision:
Resolved
1. That the expenditure for the year on Asset Management projects, as shown in Annex 1 to the report, be noted.
2. That the updated budget for Asset Management projects in 2023/24, as shown in Annex 2 to the report, be approved.
Minutes:
Consideration was given to the report of the Finance and Resources Portfolio Holder, which compared the actual expenditure on Asset Management Plan (AMP) projects with the approved budget for 2022/23.
The total revised AMP budget in 2022/23 was £3.941M. Actual expenditure in the year was £2.508M, leaving an overall positive variance of £1.433M. The outturn position for 2022/23 had been reviewed, following which the AMP requirement for 2023/24 had been updated.
Having considered the options and for the reasons set out in the report, Cabinet agreed to the following:
Resolved
1. That the expenditure for the year on Asset Management projects, as shown in Annex 1 to the report, be noted.
2. That the updated budget for Asset Management projects in 2023/24, as shown in Annex 2 to the report, be approved.