Decision details

Financial Strategy 2023/24 to 2027/28

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Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: No

Is subject to call in?: No

Purpose:

Purpose of Report: To present the Financial Strategy, including detailed revenue budget proposals. Members are asked to recommend the proposals to Full Council.

Decision:

Recommended: (i) That Council approve the budget proposals outlined in the report and annexes; in particular:

a) The net revenue expenditure requirement of £141.624m;

b) A council tax requirement of £107.783m;

c) The revenue growth proposals as outlined in the body of the report;

d) The 2023/24 revenue savings proposals as outlined in Annex 2;

e) The fees and charges proposals as outlined in Annex 3;

f) The consultation feedback as set out in Annex 4;

g) The Housing Revenue Account (HRA) savings proposals set out in Annex 6 and the HRA 2023/24 budget set out in Annex 7;

h) The dedicated schools grant proposals outlined from paragraph 186, including option 1 for allocating 3 & 4 year old early years funding to providers;

i) The use of £1m from reserves to fund one off investment, as outlined in paragraph 87.

Reason: To ensure that a legally balanced budget is set.

Report author: Helen Malam

Publication date: 10/02/2023

Date of decision: 09/02/2023

Decided at meeting: 09/02/2023 - Executive

Accompanying Documents: