Decision Maker: Community Services
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Director of Resources submitted a report asking Committee to agree the draft revenue budget for 2023/24 for this Committee for consideration at the Special Policy and Finance Committee.
The forecast predicted a budget gap of £1,040,966 in 2023/24, £1,394,296 in 2024/25 and £2,412,914 in 2025/26. Since the forecast was prepared, the Council has seen further cost increases particularly due to inflation and energy costs.
The difference between the original estimate of 2023/24 and the adjusted estimate of 2022/23 is a further increase in net expenditure of £705,710 after allowing for transfers from earmarked reserves. This means that the total movement from the true Original Estimate of 2022/23 to the Original Estimate of 2023/24 is £1,130,340 or £1,101,220 after movements in earmarked reserves.
RESOLVED THAT COMMITTEE:
Approved the revenue Original Estimate for 2023/24 and submit this to the Special Policy and Finance Committee
Report author: Averil Crowther
Publication date: 19/01/2023
Date of decision: 10/01/2023
Decided at meeting: 10/01/2023 - Community Services