24 BUDGET MONITORING 2022/23 - PERIOD 2 (APRIL TO MAY 2022) PDF 564 KB
To consider a report of the Executive Member for Finance and Governance and the Director of Finance and Systems.
The Executive Member for Finance and Governance and the Director of Finance and Systemssubmitted a report which informed Members of the 2022/23 summary forecast outturn figures relating to both Revenue and Capital budgets. It also summarised the latest forecast position for Council Tax and Business Rates within the Collection Fund. Members’ attention was drawn in particular to the potential impact of rising inflation rates; and that in consequence the Council’s working assumption on the impact of the various inflation pressures in 2022/23 was that a prudent figure of £6.0m would be needed,revised up from £4.0m as stated in the 2021/22 outturn.
RESOLVED – That the updated summary positions on the revenue budget, collection fund and capital programme be noted.