Issue - decisions

Budget 2022/23 - 2024/25 - Local Government Act 2003 Requirements

29/03/2022 - Budget 2022/23 - 2024/25 - Local Government Act 2003 Requirements

Consideration was given to a report which set out the Chief Finance Officer’s opinion regarding the robustness of the proposed budget and the adequacy of general balances and reserves.

 

The Chief Finance Officer had concluded that the proposed budgets and associated systems and processes were sound and the level of general balances and reserves were adequate.  It was advised that the proposed estimates and tax setting calculations were robust, reserves were adequate and the provisional Capital Programme was affordable. 

 

The Leader of the Council moved the recommendations as set out in the report and commended the Chief Finance Officer and her team for their work to ensure the Council had a robust budget in place.

 

 

RESOLVED -

 

1.    That the report be noted and the approach to General Balances, as outlined in the report be endorsed.

 

2.    That the General Fund Balances for 2021/2022 set at £17 million be approved.