Decision - General Fund Budget Planning and Resource Update 2023/24
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Decision details
General Fund Budget Planning and Resource Update 2023/24
Decision Maker: Policy & Resources Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Purpose:
Setting out the projected financial position
for 2023/24 and the process for setting the 2023/24
budget
Decision:
RESOLVED: That the Committee –
(i) Noted the potential funding and net expenditure projections for 2023/24, based on the three planning scenarios identified in the report;
(ii) Noted the Medium Term financial projections for 2023/24 to 2026/27 and the predicted budget gaps based on a ‘midpoint’ planning scenario;
(iii) Agreed that officers should draw up 4-year Medium-Term Service and Financial Plans (MTSFPs) and strategies, including budget proposals to manage the identified budget shortfall in 2023/24, and report back with draft budget proposals to the December Policy & Resources Committee.
Report author: James Hengeveld
Publication date: 07/07/2022
Date of decision: 07/07/2022
Decided at meeting: 07/07/2022 - Policy & Resources Committee
Accompanying Documents:
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