Decision details
General Fund Budget Proposals 2022/23
Decision Maker: Cabinet Executive
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
The report sets out the Council’s
General Fund budget proposals for the forthcoming financial year.
This includes details of the financial settlement that will support
service delivery, and a high level summary of planned expenditure
by portfolio. The Council holds a number of reserves that it can
draw upon to fund future expenditure. The level of reserves is
noted within this report, along with an update from the Medium Term
Financial Strategy.
Decision:
RECOMMENDATIONS TO COUNCIL
1. To have regard to the comments of the Executive Director (Section 151 Officer) in paragraph 4.7 of the report in respect of the requirements of the Local Government Finance Act 2003.
2. That the 2023/24 General Fund Revenue Account net expenditure budget of £14.665m be approved.
3. That delegated authority is given to the S151 Officer in consultation with the Portfolio Holder to make amendments to the Budget prior to the commencement of the financial year should it be necessary.
Reasons:
1. It is a requirement for the Cabinet Executive and Council to take into account the requirements of the Local Government Finance Act 2003 in relation to the robustness of the budget and the adequacy of reserves.
2. Cabinet and Council are required to consider and approve the General Fund Revenue Account budget proposals in order to set the budget and Council Tax for the forthcoming financial year
3. Delegated authority is sought in order to make any amendments to the Budget should any new information become available following approval by full Council.
Report author: Sarah Pennelli
Publication date: 20/02/2023
Date of decision: 20/02/2023
Decided at meeting: 20/02/2023 - Cabinet Executive
Accompanying Documents:
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