Decision details

Original Revenue Budget 2023/24

Decision Maker: Policy and Finance

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


The Director of Resources submitted a report seeking approval of the draft revenue budget for 2023/24, for consideration at a Special Policy and Finance Committee.


Members were reminded that:

·      The budget forecast was presented to this Committee in September 2022.


·      The forecast considered the Council’s knowledge at that time as it related to Covid19, changes to key funding streams, the cost-of-living crisis and the fast-moving rate of inflation.


·      In September 2022 the forecast predicted an overall budget gap of; £1,040,966 in 2023/24, £1,394,296 in 2024/25 and £2,412,914 in 2025/26


The report set out:

·      The provisional grant settlement.

·      The budget process and how the estimates were prepared.

·      The draft revenue budget for 2023/24 and the main variations.


The Director of Resources explained for this committee:

The difference between the Original Estimate 2023/24 and Adjusted Original Estimate 2022/23 is a further increase in net expenditure of £203,240 after allowing for transfers to and from earmarked reserves. This means that the total movement from the true Original Estimate 2022/23 to the Original Estimate 2023/24 is £599,610, or £443,570 after movements in earmarked reserves. The Director of Resources commented on the major budget variations.




Approved the revenue original estimate for 2023/24 and agreed to submit this to a special meeting of this Committee.


Report author: Averil Crowther

Publication date: 08/02/2023

Date of decision: 24/01/2023

Decided at meeting: 24/01/2023 - Policy and Finance

Accompanying Documents: