Decision details

REVENUE BUDGET 2022/23

Decision Maker: Finance, Audit and Risk Committee

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Decision:

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.

 

 

 

Report author: Ian Couper

Publication date: 18/01/2022

Date of decision: 17/01/2022

Decided at meeting: 17/01/2022 - Finance, Audit and Risk Committee

Accompanying Documents: