732 2022/23 Budget and 2022-2027 Medium Term Financial Strategy Report PDF 1 MB
Report of the Director of Finance. To be introduced by the Cabinet Member for Finance and Transformation.
Following public consultation and Scrutiny Review, this report will set out the details of the proposed budget for 2022/23 and Medium Term Financial Strategy (MTFS) through to 2026/27, including savings, growth and capital proposals. The report will also set out details of funding for 2022/23 and, if available, the remainder of the planning period and highlight areas of risk. The report will be for onward approval by Full Council on the 01 of March when it will include the details of the council tax resolution.
Additional documents:
Minutes:
The Cabinet Member for Finance and Transformation introduced the report, which finalised the Council’s General Fund and HRA 2022/23 Budgets and Medium-Term Financial Strategies for 2022-2027.
It was noted that the only items not confirmed at this stage were:
The report outlined that these final notifications were not expected to lead to any significant budget implications, but an update would be included in the Full Council report on 1st March; this would also include details of any final budget adjustments required.
The Cabinet Member advised that the budget was well received and the consultation dialogue had been genuinely constructive with no hidden issues.
There was praise for the Finance Team and other officers for compiling the report and producing good budget proposals. The Cabinet Member continued that this was the first budget that balanced without savings and allowed for substantial levels of investment in revenue and capital whilst maintaining a fiduciary approach.
The Cabinet Member continued to refer to alignment of the budget to the administration’s future manifesto and political priorities. This included:
The Cabinet Member also highlighted the following:
In conclusion, the Cabinet Member was proud to recommend this budget for Cabinet and onward full Council approval.
Councillor Pippa Connor, Vice Chair of the Overview and Scrutiny Committee and Chair of the budget scrutiny meetings presented the Overview and Scrutiny recommendations set out at appendix 9 of the report.
She thanked Finance officers and scrutiny officers for facilitating ... view the full minutes text for item 732