Decision Details

Implemented

General Fund Budget 2023/24 and Medium Term Financial Strategy (MTFS)

No

Report of the Cabinet Member with responsibility for Resources

Tue 3 Jan 2023

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%.

Financial Services, Corporate Performance & Risk Management

Approved budget

No

Not Applicable

Brian Mew

As per report

Committee

Cabinet

No

Yes

Yes

No

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.

TBC

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.

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.

None

None