Agenda item

2022/23 Proposed General Fund Revenue Budget

Minutes:

The Business Manager – Financial Services presented a report which enabled Members to consider spending proposals and recommendations to the Council for the General Fund revenue budget in 2022/2023.  The budget proposals had been formulated in accordance with the framework set out in the Council’s Constitution, and built on the draft budget reports which were presented to each functional committee in January 2022.  The revenue budget had been prepared in accordance with the Council’s Budget Setting Strategy for 2022/23 which had been approved by the Policy & Finance Committee on 24 June 2021.

 

The Local Government Finance Settlement provided key figures for Government Grant that formed part of the Council's budget. The provisional settlement was announced on 16 December 2021 with the final settlement being announced on 8 February 2022.

 

The Business Manager – Financial Services reported that the assumed Council Tax increase within the proposed revenue budget was an increase in the Band D equivalent of 1.94%.

 

AGREED           (unanimously) that the Committee recommends to Full Council at its meeting on 8 March 2022 that:

 

(a)     the following amounts be now calculated by the council for the 2022/23 financial year, in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by the Localism Act 2011:

 

(i)

£47,563,170

being the aggregate of the amounts which the Council estimates for items set out in Section 31A(2)(a) to (f) of the Act (the District Council’s gross expenditure for 2022/23);

(ii)

£32,027,260

being the aggregate of the amounts which the council estimates for the items set out in Section 31A(3)(a) to (d) of the Act (the District Council’s gross income for 2022/23); and

 

(iii)

£15,535,910

being the amount by which the aggregate at (a)(i) above exceeds the aggregate at (a)(ii) above, calculated by the council, in accordance with Section 31A(4) of the Act, as its Net Budget Requirement for the year;

 

(b)     the figures shown as (i) and (iii) above to be increased only by the amount of Parish Precepts for 2022/23;

 

(c)     the budget amounts included in the report be the Council’s budget for 2022/23; and

 

(d)     the fees and charges shown in Appendices E1-E21 be implemented with effect from 1 April 2022.

 

Reason for Recommendations

 

To enable the Policy & Finance Committee to make recommendations to Council of the amounts to be calculated in accordance with Sections 31 to 36 of the Local Government Finance Act 1992, as amended by the Localism Act 2011, for the purposes of setting Council Tax levels for the 2022/23 financial year.

Supporting documents: