A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Council and councillors

Decision details

DRAFT REVENUE AND CAPITAL BUDGET 2022/23

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Decision:

In consultation with the Cabinet, Councillor K Payne, Portfolio Holder for Finance, Governance and Performance, Change and Transformation:

 

1)    Approved for consultation:

·       The General Fund Budget for 2022/23 of £42.345m.

·       An increase in Council Tax of 4.99% including 3% for the Adult Social Care precept resulting in a Band D charge of £1,917.36

·       Use of the remaining Government hardship fund to provide further council tax discounts to the most vulnerable residents.

·       Authority for the Chief Executive and s151 Officer in consultation with the Portfolio Holder for Finance to continue discussions with cost reduction consultants and spend up to £100k on a viable project.

·       The questions set out in Appendix 8.

·       Additions/deletions to the capital programme as per 12.1.2

·       Changes to earmarked reserves as per 9.2.3

 

2)    Noted:

·       That the funding position may change when the NNDR (business rates) tax base and local government finance settlement is finalised.

·       That additional revenue or capital expenditure may be incurred in 2022/23 funded through 2021/22 budget under spends to be carried forward via earmarked reserves. The use of reserves for budget carry forwards is not currently shown in the budget but will have no impact on the General Fund.

·       The estimated surplus of £186k on the Collection Fund as at 31 March 2022 of which £159k is the Rutland share.

·       That Council will be considering the Treasury Management Strategy and Capital Investment Strategy separately.

·        The position on the Dedicated Schools Grant budget.

Report author: Saverio Della Rocca

Publication date: 18/01/2022

Date of decision: 18/01/2022

Decided at meeting: 18/01/2022 - Cabinet

Accompanying Documents: