Decision details
Update on the Council's financial position in 2022/23 and Medium-Term Financial Strategy update 2023/24 to 2026/27
Decision Maker: Cabinet, Council
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Decision:
RESOLVED
(i) To note the changes in the Council’s financial position in 2022/23 and the medium term.
RECOMMENDED TO COUNCIL
(ii) To approve the updated list of fees and charges in paragraph 3.22.
REASON
(i) The Council needs to acknowledge the effects that high levels of inflation will have on its financial position both in the short and medium-term. This has moved the council from what has been a long-term healthy financial position to one with predicted deficits unless action is taken on fees and charges. Given the level of uncertainty in the projections, the economy and proposed Government action, the report does not recommend direct action to reduce expenditure at this stage.
(ii) To ensure these fees and charges are approved by full Council as per the constitution.
Report author: Dominic Bradley
Publication date: 30/09/2022
Date of decision: 29/09/2022
Decided at meeting: 29/09/2022 - Cabinet
Accompanying Documents: