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.
The Cabinet considered its proposed 2023/24 Revenue Budget outlining the Council’s financial outlook and challenges across the medium term period 2023/24 to 2025/26 and recommended to the Council Meeting that it:-
(1) Approve the Budget for 2023/24 described in the report and set out in Appendix 2 and 3;
(2) Note 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;
(3) Approve the required Council General Fund Balance to reflect the Deputy Chief Executive and Section 151 Officer’s assessment of risks;
(4) Note, comment upon and approve 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) Approve the one-off positive investments funded by the available one-off resources; and
(6) Pass the appropriate Council Tax resolutions 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.