Considered – Report of the Executive Director (Section 151 Officer), presented by Cllr. Maggie Wright, Deputy Leader and Finance, People & Performance Portfolio Holder.

In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014, the vote was recorded as follows:

The Chairman declared that the recommendations, as detailed in the report were carried.

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.