Decision details

The Cabinet considered its proposed 2022/23 Revenue Budget outlining the Council’s financial outlook and challenges across the medium term period 2022/23 to 2024/25 and recommended to the Council Meeting that it:-

·         Approve the Budget for 2022/23 described in the report and set out in Appendix 2 and 3;

·         Note the risk assessment of the 2022/23 Budget at Appendix 5 and the report of the Section 151 Officer on the adequacy of proposed financial reserves and robustness of the estimates also included at Appendix 5;

·         Approve the required Council General Fund Balance to reflect the Section 151 Officer assessment of risks;

·         Note, comment upon and approve the financial forecasts and assumptions for 2022/23 to 2024/25  at Appendix 6, and the key issues to be addressed in formulating a response to the future financial challenges facing the Council; and

·         Pass the appropriate Council Tax resolutions which produce a Council Tax increase of 3.5% in 2022/23 (1% General increase, 1% Adult Social Care Precept increase and 1.5 deferred 2021/22 Adult Social Care Precept increase) as illustrated in Appendix 7.

None.