Council
Agreed to
A) Take into account the detailed budgets presented at Appendix B, and summarised at Appendix A, with an estimated General Fund Gross Operating Expenditure for 2023/2024 of £84.868 million, estimated Gross Operating Income of £54.622 million and estimated General Fund Net Operating Expenditure of £30.246 million.
B) Acknowledge the key factors which have led to the proposed 2023/2024 General Fund Revenue Budget, with service pressures summarised at Appendix C and offsetting efficiency savings/policy options summarised at Appendix D.
C) Acknowledge that the 2023/2024 General Fund Revenue Budget gross expenditure is covered by forecast income sources (assuming no change in Government grant) and, therefore, any addition(s) to expenditure that are made by the Cabinet or Council will need to be met from the General Fund Balance.
D) Approve the 2022/2023 General Fund Revenue Budget taking into account the statement by the Chief Finance Officer on the risks and robustness of the estimates as required under Section 25 of the Local Government Act 2003 (reproduced at Appendix F).
E) Set the Council Tax Requirement for 2023/2024 at £11,130,440.
F) Approve an increase in the District element of the Council Tax of £5 per annum, giving an average Band D Council Tax of £165.31, plus the relevant amounts required by the precepts of the Parish Councils, Cambridgeshire County Council, Cambridgeshire Police & Crime Commissioner, and the Cambridgeshire Fire Authority.
G) Approve the estimates of the amounts required to be made under the Non-domestic Rating (Rates Retention) Regulations 2013 as set out in paragraphs 38 and 39.
H) Approve the use of the additional income from the Business Rate Pool, estimated at £1,000,000 in 2023/2024, for transfer to the established Renewables Reserve for priority projects.
I) Council approved:
1) The 2023/2024 General Fund Revenue Budget based on known commitments at this time and planned levels of Service/functions resulting in a Budget Requirement of £32.918 million.
2) The District Council Precept on the Collection Fund (Council Tax Requirement) of £11.130 million in 2023/2024 (based on the Provisional Government Settlement) and a Band D Council Tax of £165.31.
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.