Decision details

Budget 2022/23 to 2024/25 - Guidelines, Timetable and Budget Update

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To recommend the budget guidelines and timetable to be used in preparing the detailed 2022/23 Budget and provisional budgets for 2023/24 and 2024/25.

To provide an updated budget position for the Council for 2022/23 to 2024/25.

Decisions:

Consideration was given to a report of the Cabinet Member for Finance and Corporate / Chief Finance Officer seeking approval for the proposed budget timeline 2022/23 to 2024/25 including assumptions and principals.

 

Alternative considered

The Council is legally obliged to set a balanced budget. The budget setting process is complex and must be undertaken in a planned way. It is equally important that assumptions used in the preparation of the budget are agreed, reasonable and consistently applied by all services.

 

RESOLVED

1.    That the proposed budget timetable detailed at Appendix 1 to the submitted report, be approved.

2.    That the revenue assumptions, detailed in Appendix 2, be approved to be incorporated into the budget setting process.

3.    That the revenue budget principles detailed in Appendix 3 to the submitted report be approved.

4.    The capital budget principles detailed in Appendix 4 to the submitted report be approved.

5.    That the Revenue Budget be noted.

 

Reason for resolution

Under the Budget & Policy Framework, Cabinet is required to approve the proposed guidelines and timetable for setting the 2022/23 Budget and Provisional Budgets for 2023/24 and 2024/25 by September.

Report author: Chris Mills

Publication date: 29/07/2021

Date of decision: 27/07/2021

Decided at meeting: 27/07/2021 - Cabinet

Accompanying Documents: