Decision details
2023/24 Cabinet Revenue Budget
PDF 123 KBDecision Maker: Council Meeting
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
The purpose of the report is to present the
proposed 2023/24 Cabinet Revenue Budget for approval. The report
outlines the Council’s financial outlook and significant
challenges across the medium term period 2023/24 to 2024/25. The
report highlights the overarching priorities and desired outcomes
upon which the Cabinet has based its budget proposals, and which
form the basis of our Borough Plan and updated Council Plan
included elsewhere on this agenda. We continue to shape our budget
within an incredibly uncertain, volatile and complex environment
which includes pressures across public services as well as the
increasing need within our communities.
Decision:
The Council Meeting has agreed:-
(1) That approval be given to the Budget for 2023/24 described in the report and set out in Appendix 2 and 3.
(2) That the risk assessment of the 2023/24 Budget at Appendix 5 and the report of the Deputy Chief Executive and Section 151 Officer on the adequacy of proposed financial reserves and robustness of the estimates also included at Appendix 5 be noted.
(3) That approval be given to the required Council General Fund Balance to reflect the Deputy Chief Executive and Section 151 Officer’s assessment of risks.
(4) That approval be given to the financial forecasts and assumptions for 2023/24 to 2025/26 at Appendix 6, and the key issues to be addressed in
formulating a response to the future financial challenges facing the Council.
(5) That approval be given to the one-off positive investments funded by the available one-off resources.
(6) That the appropriate Council Tax resolutions be passed which produce a Council Tax increase of 3.99% in 2023/24 (1.99% General increase, 2% Adult Social Care Precept increase) as illustrated in Appendix 7.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Reason Key: Affects 2 or more wards;
Equality and/or Environmental Impact Assessment: Considered as part of the report
Decision Reference: CMD224
Declarations or conflicts of Interest: None.
Forward Plan Reference: F&R7
Other reasons / organisations consulted
As part of the 2023/24 budget setting
process
Contact: Jonathan Davies, Corporate and Support Services Email: jonathan.davies@stockport.gov.uk Tel: 218 1025, Lisa Joy, Corporate and Support Services Email: lisa.joy@stockport.gov.uk Tel: 0161 474 4044, Michael Shields Email: michael.shields@stockport.gov.uk.
Report author: Jonathan Davies
Publication date: 24/02/2023
Date of decision: 23/02/2023
Decided at meeting: 23/02/2023 - Council Meeting
Accompanying Documents: