Decision details

RECOMMENDED: 1)             That Council note the revision to the Forecast for 2022/2023 as set out in the report.

2)         That Council approves the Policy on Earmarked Reserves and General Fund Balance and the maximum balances set for the reserves as noted in the report and at Appendix 7 to the report.

3) That Council :

1) Approves the budget requirement of £22,287,700 for 2023/2024 and notes the projections for 2024/2025, 2025/2026 and 2026/2027.

2) Approves that the pension lump sum payments are paid in advance for three years at a value of £5.430m.

3) Approves the level of Special Expenses for the Town/Parish Councils as detailed in the report.

4) Approves the Fees and Charges 2023/2024 detailed in Appendix 4.

5) Approves a Band D council tax of £143.87 for 2023/2024.

4)         That Council approves a minimum requirement of the General Fund balance for 2023/24 of £1,114,390.

5)         That pursuant to Section 25 of the Local Government Act, Council is asked to have due regard to this statement at Section 9 of this report when considering and approving the budget and the level of council tax for 2023/2024.

Reason for decision

In order to set a budget for 2023-27.