Decision details

Cabinet recommended to Full Council to approve the 2022/23 to 2024/25 Revenue Budget, as set out in the report. This includes: -

(1)      the Medium-term Financial Strategy (MTFS) including all proposals in the report, as set out in Appendix A;

(2)      a gross revenue expenditure budget of £524.9m and a net revenue expenditure budget of £219.4m, as detailed in Appendix A;

(3)      Council Tax increasing by 4.49% to £1,511.03 for a Band D property (£1,007.35 for a Band A) for 2022/23. This includes:-

i)          1.99% Council Tax increase, equating to an increase of £28.78 for Band D per annum, 55p per week (£19.18 for Band A per annum, 37p per week);

ii)     2.5% Government Adult Social Care precept, equating to an increase of £36.15 for Band D per annum, 70p per week (£24.10 for Band A per annum, 46p per week);

(4)      the revenue budget proposals for 2022/23, as detailed at Appendix B (pressures £19.0m) and Appendices C and D (savings £12.1m);

(5)      the 2022/23 Grants to 3rd Sector Organisations, outlined in paragraph 58 and Appendix F;

(6)      the fees and charges proposed for 2022/23 at Appendix G; and

(7)      to note the Chief Financial Officer’s positive assurance statements (detailed in paragraphs 68 to 70).