Issue - meetings

Report FSD22011

The report set out the Portfolio Holder’s Draft 2022/23 Budget which incorporated future cost pressures, planned mitigation measures and savings from transformation and other budget options which were reported to Executive on 12^th January 2022. Members were requested to consider the initial draft budget being proposed and also identify any further action that might be taken to reduce cost pressures facing the Council over the next four years.

The Executive had requested that each PDS Committee consider the proposed initial draft budget, savings and cost pressures for their Portfolio and the views of each PDS Committee would be reported back to the next meeting of the Executive, prior to the Executive making recommendations to Council on 2022/23 Council Tax levels. There were still outstanding issues and areas of uncertainty remaining.

It was confirmed that it was usual for housing authorities to prepare business plans stretching to thirty or even forty years due to the substantial capital investment required.

RESOLVED that the update on the financial forecast for 2022/23 to 2025/26 and the initial draft 2022/23 budget as a basis for setting the 2022/23 budget be noted.