This section allows you to view the general details of a Decision
Details
Business Item
General Fund Budget 2023/24 and Medium Term Financial Strategy (MTFS)
Date of Decision
Tue 3 Jan 2023
Description
Report of the Cabinet Member with responsibility for Resources
Matter for Decision (to consider...)
1. Approve the updated draft Medium Term Financial Strategy attached as Appendix A including the draft 2023/24 General Fund Revenue Budget summarised in Appendix A5 for review and consideration by the Scrutiny Committee as part of the Budget process.
2. Approve an initial proposed Band D Council Tax for East Suffolk Council of £181.17 for 2023/24, an increase of £4.95 or 2.81%.
Service Area
Financial Services, Corporate Performance & Risk Management
Service Area 2
Not Applicable
Background Papers:
As per report
Is Decision District Wide
Yes
Decision Made
1. That the updated draft Medium Term Financial Strategy, attached as Appendix A including the draft 2023/24 General Fund Revenue Budget summarised in Appendix A5 for review and consideration by the Scrutiny Committee as part of the Budget process, be approved.
2. That an initial proposed Band D Council Tax for East Suffolk Council of £181.17 for 2023/24, an increase of £4.95 or 2.81% be approved.
Reason for Decision
To enable Cabinet to review, consider, and comment upon the Council’s General Fund revenue budgets before making final recommendations to Council on 22 February 2023. This report also forms the basis of Scrutiny Committee’s review of the Budget at its meeting on 19 January 2023 as required under the Budget and Policy Framework.
Alternative Options Considered and Rejected
The consideration of the MTFS by members as part of the budget process is essential, especially in order to commence actions to achieve a balanced budget and sustainable medium-term position. Setting a balanced budget for the coming year is a statutory requirement, therefore no other options are considered appropriate.
Any Declarations of Interest Declared
None
Any Dispensation Granted
None
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
This Decision does not contain any Ward records.
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
This Decision does not contain any Overview and Scrutiny records.
This section allows you to view the reports for the Decision.
This section displays the history of the Decision.
Decision History
16/12/2022 10:51:38 | Karen Cook | Business Item Created | |
16/12/2022 10:51:38 | Karen Cook | Committee Added | Cabinet |
16/12/2022 10:51:38 | Karen Cook | Meeting Added | 03/01/2023 6:30PM |
16/12/2022 10:51:52 | | General Details Edited | Reference Number Generated (ES/1395) |
16/12/2022 10:51:52 | Karen Cook | Status Changed | Decision Proposed [2] |
20/12/2022 10:07:31 | Karen Cook | Report Added | Document ID 20247: ES-1395 General Fund Budget 2023-2024 and MTFS |
03/01/2023 19:11:08 | Alli Stone | General Details Edited | |
03/01/2023 19:17:53 | Alli Stone | General Details Edited | |
04/01/2023 11:59:46 | Nicola Wotton | General Details Edited | |
04/01/2023 16:33:31 | Nicola Wotton | Status Changed | Decision Subject To Call In [3] |
Approval/Comments
No history found.