Agenda item

To recommend to Council the capital and revenue budget proposals together with the capital strategy, prudential indicators, treasury management strategy, investment strategy and general fund medium term financial strategy and to approve the business plans.

Members noted the capital and revenue budget proposals together with the capital strategy, prudential indicators, treasury management strategy, investment strategy and general fund medium term financial strategy.

RESOLVED to approve:

1.    The business plans for the Council’s corporate priorities and support functions, subject to amendment as a result of any budget decisions still to be taken by Council recommended by the relevant policy committees.

RECOMMENDED to Council that:

2.    The Housing Revenue Account budget as submitted be approved (appendix 2).

3.    The General Fund revenue budgets as submitted be approved (appendix 3).

4.    The capital submissions and priorities within them be approved (appendix 4).

5.    The Deputy Chief Executive be authorised to arrange the financing of the capital programme as necessary (appendix 4).

6.    An amount of £25,000 be provided for a General Contingency in 2022/23 (appendix 3).

7.    The Council Tax Requirement for 2022/23 including special expenses (but excluding local precepting requirements) be £6,131,631 (appendix 3).

8.    An amount of £350,871 be withdrawn from the General Fund reserve in 2022/23 (appendix 3).

9.    An amount of £30,000 be added to the General Fund earmarked reserves in 2022/23 (appendix 3).

10.  The Capital Strategy 2022/23 to 2024/25 be approved (appendix 5)

11.  The Minimum Revenue Provision policy as set out be approved (appendix 6).

12.  The Treasury Management Strategy Statement 2022/23 to 2024/25 be approved (appendix 6).

13.  The Investments Strategy 2022/23 to 2024/25 be approved (appendix 7).

14.  The General Fund Medium Term Financial Strategy to 2025/26 be approved (appendix 8).