Agenda item

2023/24 Proposed Revenue Budget (Key Decision)

Decision:

AGREED That Cabinet recommends to Full Council at its meeting on 9 March 2023 that:

 

             i.       the following amounts be now calculated by the council for the 2023/24 financial year, in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by the Localism Act 2011:

1.

£51,696,080

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);

2.

£32,709,480

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

3.

£18,986,600

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

 

       ii.            the figures shown as i.1. and i.3. above to be increased only by the amount of Parish Precepts for 2023/24;

 

     iii.          the budget amounts included in the report be the council’s budget for 2023/24; and

 

     iv.          the fees and charges shown in Appendices C1-C21 be implemented with effect from 1 April 2023.

 

Minutes:

The Leader and Portfolio Holder for Strategy, Performance & Finance presented a report which enabled Members to consider the spending proposals in the Council’s proposed 2023/24 General Fund Revenue Budget.  The budget proposals had been prepared in accordance with the Council’s budget setting strategy for 2023/24, as approved by Cabinet on 12 July 2022. 

 

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 19 December 2022 with the final settlement still to be announced.  It was reported that the assumed Council Tax increase within the proposed revenue budget was an increase in the Band D equivalent of 1.94%

 

AGREED      (with 5 votes for and 1 vote against) that Cabinet recommends to Full Council at its meeting on 9 March 2023 that:

 

i.               the following amounts be now calculated by the council for the 2023/24 financial year, in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by the Localism Act 2011:

1.

£51,696,080

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);

2.

£32,709,480

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

3.

£18,986,600

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

 

ii.              the figures shown as i.1. and i.3. above to be increased only by the amount of Parish Precepts for 2023/24;

 

iii.            the budget amounts included in the report be the council’s budget for 2023/24; and

 

iv.            the fees and charges shown in Appendices C1-C21 be implemented with effect from 1 April 2023.

 

Reasons for Decision:

To enable Cabinet 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.

 

Options Considered:

Not applicable

 

 

Supporting documents: