Decision details

RECOMMENDED TO COUNCIL

(i)    That the level of Council Tax for 2023/24 increases from £162.09 by £4.85 (2.99%) to £166.94 at Band D.

(ii)   That the net revenue budget set out in Appendix A for 2023/24 of £13.513m is approved.

(iii) That Special Expenses of £336,920 set out in Appendix C and a Band D charge of £27.53 are agreed in respect of the unparished area for 2023/24.

(iv) That the capital programme for 2023/24 set out in Appendix D be approved and that the indicative capital budgets in the programme for future years be noted.

(v)   That the projected future budgets on the revenue account in 2024/25 to 2026/27 are noted and the Medium-Term Financial Strategy continues to be reviewed and refined to ensure that decisions are taken to set balanced budgets in these three years.

(vi) That the Minimum Revenue Provision Statement set out in Appendix E is approved.

(vii) That the Capital Strategy, Treasury Strategy, Investment Strategy and prudential indicators and limits for 2023/24 to 2026/27 set out in Appendix F are approved.

(viii) To note the statement on the robustness of the level of reserves in Appendix H.

(ix) That the increases to fees and charges set out in Appendix I to I(iii) are approved.

(x)   That the New Homes Bonus earmarked reserve is renamed to an Environment and Infrastructure earmarked reserve

(xi) That the £2.9m Funding Guarantee grant received in 2023/24 is earmarked for £1m to help support residents in need through the cost of living, £1.6m food waste collection implementation, £0.3m for a new path around Horsham Park in the capital programme and £50,000 is used in 2023/24 to fund the painting of the street furniture in Horsham town centre in time for the Coronation on 6 May 2023.

REASON

To meet the Council’s statutory requirement to approve the budget and the prudential indicators before the start of a new financial year.