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Decision details
Revenue Budget 2022/23 Revised and 2023/24, plus Capital Programme 2023/24-2025/2026
Decision Maker: Cabinet, Full Council
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
Report presents the Revenue Budgets 2022/23 revised and 2023/24, plus Capital Programme 2023/24-2025/26
Decision:
Subject to the agreed amendments, Cabinet recommends that full Council:-
(i) Approve the draft 2023/24 revenue budget (Appendix A)
(ii) Approve a 2.99% increase in the Borough Council's part of the Council Tax.
(iii) Approve the Capital Programme 2023/24 to 2025/26 (Appendix D).
(iv) Approve the proposed expenditure from the Renewal and Repairs Reserve, and Information Technology Reserve (Appendices J and I respectively) and those items from other reserves shown in Appendix H that can proceed without further reference to Cabinet or Council.
(v) Approve that the use of the limited monies in the budget and Reserves for "Invest to Save" schemes be determined by the Chief Finance Officer in consultation with the lead member for Finance and Chief Executive.
(vi) Agree once again that the Council does not seek to undertake any capital project/scheme purely for yield that would prevent the Council from borrowing either commercially or from the PWLB to fund its Capital programme.
(vii) Approve the revised Land and Property Disposal Programme (Appendix F) and agree that disposals can be brought forward if market conditions make it sensible to do so and as part of the future Capital Asset Strategy.
(viii) Agree that where a Capital scheme involves a net increase in overall revenue costs to the Council, or where any guarantee is to be provided which does, or could, incur costs for the Council, such decisions continue to be made by full Council.
(ix) Agree that no Council properties or land be disposed of, either by sale or lease, at less than market value without further express approval by Full Council - except where the lease is no longer than 5 years and the difference is less than £5,000 p.a. in which case Cabinet will have the authority to determine.
(x) Agree that schemes marked with an asterisk in the Capital Programme can proceed without further reference to Cabinet or Council.
(xi) Approve the detailed recommendations in Appendix M, which relate to the setting of Council Tax in accordance with Sections 31 to 36 of the Local Government Act 1992 (Appendix M – to be provided/updated for full Council).
(xii) Approve that the budget be amended as necessary to reflect the final grant figures including Disabled Facility Grants - once received.
(xiii) Full Council adopt the existing Council Tax Support Scheme subject to amendments to allowances in line with national changes. Determination of the allowances to be delegated to the Chief Finance Officer in line with prior year practice.
(xiv) It is recommended that the Council reviews the affordability of the Council Tax Support Scheme during 2023/24 in order for a consultation exercise to be undertaken.Report author: Kit Wheeler
Publication date: 07/02/2023
Date of decision: 06/02/2023
Decided at meeting: 06/02/2023 - Cabinet
Accompanying Documents:
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