Decision details

Consider the General Fund Revenue Budget for 2023-24

Cabinet:

a)    Notedthe detailedbudgets presentedat AppendixB, and summarisedat AppendixA, withan estimatedGeneral FundGross OperatingExpenditure for 2023/2024of £84.597 million, estimated Gross OperatingIncome of£52.285 millionand estimatedGeneral FundNet OperatingExpenditure of £32.312million.

b)    Acknowledgedthe keyfactors whichhave ledto theproposed 2023/2024 GeneralFund RevenueBudget, withservice pressuressummarised at Appendix C and offsetting efficiencysavings/policy options summarised at Appendix D.

c)    Acknowledgedthat the2023/2024 GeneralFund RevenueBudget gross expenditureis coveredby forecastincome sources(assuming nochange in Governmentgrant) and,therefore, anyaddition(s) toexpenditure that are made by the Cabinetor Council will need to be met from the General Fund Balance.

d)    Approved the Council Tax Requirement for 2023/2024 at £11,130,440.

e)    Approvedan increasein theDistrict element ofthe CouncilTax of£5 per annum,giving anaverage BandD CouncilTax of£165.31, plusthe relevant amountsrequired bythe preceptsof theParish Councils, CambridgeshireCounty Council,Cambridgeshire Police& CrimeCommissioner, and theCambridgeshire Fire Authority.

f)     Approvedthe estimatesof theamounts requiredto bemade underthe Non-domesticRating (RatesRetention) Regulations2013 asset outin paragraphs 44 and 45.

g)    Approved theuse ofthe additionalincome fromthe BusinessRate Pool, estimatedat £1,100,000in 2023/2024,for transferto theestablished Renewables Reserve for priorityprojects.

h)    Recommended to Council:

a.    The 2023/2024General FundRevenue Budgetbased onknown commitments at this time and planned levels of Service/functions resultingin a Budget Requirement of £25.720 million.

b.    The DistrictCouncil Precepton theCollection Fund(Council Tax Requirement)of £11.130million in2023/2024 (basedon the Provisional Government Settlement) and a Band D Council Tax of £165.31.

Recommendation h is a recommendation to Council, and not subject to call-in.