Agenda item

2023/24 Revenue Budgets, Medium Term Financial Plan and 2023/24 - 2027/28 Capital Programmes

Report of the Strategic Director / Section 151 Officer


The Council gave consideration to the report and appendices (as set out at pages 26 - 114 of the agenda reports pack) which asked Council to receive an update on the medium-term financial outlook and approve the General Fund Revenue Budget, the Housing Revenue Account (HRA) Budget, the Scale of Fees and Charges for 2023/24 and the General Fund and HRA Capital Programmes for 2023/24 – 2027/28.


It was moved by Councillor M H Charlesworth, seconded by Councillor Dr I K Ridley and




(i)       The Section 151 Officer’s statement on the robustness of the budget and the adequacy of reserves as set out in Section 11 of the report be noted;

(ii)      The General Fund Revenue Budget for 2023/24 as set out in Appendix 5 be approved;

(iii)    The HRA budget for 2023/24 as detailed in Appendix 8, including rent increase of 7% in line with the national rent policy formula and 100% increase in heating charges based on option 3 as set out in Section 7 be approved;

(iv)    The Scale of Fees and Charges as set out in Appendix 9 be approved;

(v)      The new Capital Schemes of the General Fund and HRA, including the provision for 2024/25 for the replacement of fleet, in order to minimise service Agenda Item 12 disruption as a result of long lead-in times, as set out in Appendix 10 be approved;

(vi)    Capital schemes that Full Council wish to delegate to the new Capital Projects Sub-Committee for monitoring of delivery, subject to Council approval of its establishment are identified;

(vii)   The proposed repurposing of earmarked reserve to bolster the general fund reserve as detailed in Appendix 11 be ratified.


Votes For                  16

Votes Against          0

Abstentions             3

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