Decision details

RECOMMENDED TO CABINET:

(1)  That Cabinet approves the decrease in the 2021/22 working budget of £111k, as detailed in table 5;

(2)  That Cabinet recommends to Council to note the position on the Collection Fund and how it will be funded;

(3)  That Cabinet recommends to Council to note the position relating to the General Fund balance and that due to the risks identified a minimum balance of £2.95 million is recommended;

(4)  That Cabinet recommends to Council to approve the saving and investments as detailed in Appendix B;

(5)  That Cabinet recommends to Council to approve a net expenditure budget of £18.123m, as detailed in Appendix C.

(6)  That Cabinet recommends to Council to approve a Council Tax increase of £5 or a band D property (other bands with pro-rata increases). This is in line with the Medium Term Financial Strategy and is equivalent to 2.08%.

REASON FOR RECOMMENDATIONS: To ensure that all relevant factors are considered in arriving at a proposed budget and Council Tax level for 2022/23, to be considered by Full Council on 10 February 2022. To ensure that the budget is aligned to Council priorities for 2022/23 as set out in the Council Plan.