Report Summary
This report provides members of the Resources Committee with an overview of the Financial Monitoring Report P10.
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Background
The SPA Board approved the revenue and capital budget for 2022/23 on 23 March 2022. The Authority’s core revenue funding has increased by £40.5m (3.4%) in 2022/23. The budget also included £6.6m of one-off additional funding to support the in-year impact of COVID – mainly to fund lost income and recovery of the Justice system.
In addition to the above, revenue funding will be provided in-year to support the transfer of post mortem toxicology services to the Authority and to support drug driving legislation. When combined with the core revenue funding and additional COVID support, this allows a balanced revenue budget to be set for financial year 2022/23. Despite setting a balanced budget, there are a number of significant challenges facing the service that will have a financial consequence for the organisation in financial year 2022/23.
