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.