Issue - meetings
Prioritising Resources to Deliver Better Outcomes - 2022/23 to 2026/27
Meeting: 15/02/2022 - Cabinet (Item 705)
705 Prioritising Resources to Deliver Better Outcomes - 2022/23 to 2026/27 PDF 431 KB
Report of Executive Director (Finance and Resources) to follow
Additional documents:
- Appendix 1 - Financial Sustainability Strategy, item 705 PDF 1 MB
- Appendix 2 Medium Term Financial Strategy 2022-23 to 2026-27, item 705 PDF 2 MB
- Appendix 2 MTFS Annex 1, item 705 PDF 106 KB
- Appendix 2 MTFS Annex 2, item 705 PDF 110 KB
- Appendix 3 - S151 Statement 2022-23, item 705 PDF 387 KB
- Appendix 4 - Appropriations to and from GF Earmarked Reserves, item 705 PDF 66 KB
- Appendix 5 - GF Budget One Page Summary, item 705 PDF 105 KB
- Appendix 6 - Investments, item 705 PDF 100 KB
- Appendix 7 - Savings, item 705 PDF 114 KB
- Appendix 8 - 2023-24 to 2026-27 Budget Transformation Programme, item 705 PDF 103 KB
- Appendix 9 - Fees and Charges, item 705 PDF 124 KB
- Appendix 10 - Dedicated Schools Grant Budget 2022-23, item 705 PDF 134 KB
- Appendix 11 - Capital Investment Strategy 2022-23 to 2026-27, item 705 PDF 301 KB
- Appendix 11 Annex 1 - Capital Investment Policy, item 705 PDF 101 KB
- Appendix 12 - Capital investment proposals - 2022-23 to 2026-27, item 705 PDF 296 KB
- Appendix 13 - Other Requested Changes to Approved Capital Investment Programme, item 705 PDF 216 KB
- Appendix 14 - Amended Capital Investment Programme - 2022-23 to 2026-27, item 705 PDF 559 KB
- Appendix 15 - Minimum Revenue Provision Policy 2022_2023, item 705 PDF 65 KB
- Appendix 16 - Prudential Indicators 2022_23, item 705 PDF 189 KB
- Appendix 17 - Equality Analysis, item 705 PDF 277 KB
- Webcast for Prioritising Resources to Deliver Better Outcomes - 2022/23 to 2026/27
Minutes:
The Cabinet considered a report of the Executive Director (Finance and Resources) presenting the General Fund Revenue Budget for 2022/23. This item was considered by all three Scrutiny Committees.
Recommended:
1. That the Financial Sustainability Strategy 2022 – 2032, set out at Appendix 1 to the submitted report, be approved.
2. That the the Medium Term Financial Strategy for 2022/23 – 2026/27, set out at Appendix 2 to the report, and the resulting Medium Term Financial Forecast and estimated Earmarked Reserves Balances up to 2026/27 (Annexes 1 and 2 to Appendix 2 to the report), be approved and that any final minor changes/updates of this Strategy as required, be delegated to the Executive Director (Finance & Resources).
3. That the Section 151 Officer’s statement on the robustness of the proposed budget, the adequacy of the Council’s reserves and the Council’s Reserves Strategy (Appendix 3 to the report), be noted.
4.. That the appropriation of the sums to earmarked reserves totalling
£2.675M (Appendix 4 to the report), be approved.
5. That the appropriation of the sums from earmarked reserves totalling
£4.988M, which includes £2.500M that was previously approved to support
the budget in 2021/22 and is now requested to be used to support the
estimated budget gap for 2022/23 instead (Appendix 4 to the report), be approved.
6. That a General Fund Budget Requirement for 2022/23 of £140.288M
and Council Tax Requirement of £91.844M (Appendix 5 to the report), be approved.
7. That it be noted that the 2022/23 revenue budget has been prepared based on using £1.500 million from accumulated Collection Fund surpluses for the core budget to allow for a smoothing of the budget gap across the next four financial years.
8. That a Council Tax increase of 3.99% for the Southend-on-Sea
element of the Council Tax for 2022/23, being 1.99% for general use and
2.00% for Adult Social Care, be approved.
9. That it be noted that the position of the Council’s preceptors has been determined as follows:
· Essex Police – proposed Council Tax increase of 4.79%
· Essex Fire & Rescue Services – proposed Council Tax increase of 1.95%
· Leigh-on-Sea Town Council – proposed Council Tax increase of 0.71%
10. That no Special Expenses be charged other than Leigh-on-Sea Town Council precept for 2022/23.
11. That the proposed General Fund revenue budget investment of £13.422M (Appendix 6 to the report), be approved.
12. That the proposed General Fund revenue budget savings and income generation initiatives for 2022/23 of £4.837M (Appendix 7 to the report), be approved.
13. That the proposed future outline Budget Transformation Programme 2023/24 – 2026/27 (Appendix 8 to the report), be approved.
14. That the proposed range of fees and charges for 2022/23 (Appendix 9 to the report), be approved.
15. That the Dedicated Schools Grant budget and its relevant distribution as recommended by the Education Board (Appendix 10 to the report), be approved.
16. That the Capital Investment Strategy for 2022/23 to 2026/27 (Appendix 11 to the report) and the Capital Investment Policy (Annex 1 to ... view the full minutes text for item 705