Decision details

Robustness of the 2023/24 Budget Estimates and the Adequacy of Reserves – Local Government Act 2003 - Section 25

Decision Maker: Cabinet, Council

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Purpose:

Statutory Report from the Council's Section 151 Officer on the Robustness of the 2023/24 Budget

Decisions:

Further to Minute No. 43 of the meeting of the Overview and Scrutiny Committee – Regulatory, Compliance and Corporate Services held on 7 February 2023, the Cabinet considered the report of the Executive Director of Corporate Resources and Customer Services which advised that to comply with statute, the Chief Financial Officer was required to report to Council prior to the approval of the budget and the setting of the Council Tax, to give assurance that the budget was robust and that there were adequate reserves and balances. 

 

Decision Made: That:

 

(1)

it be noted that the Local Government Act 2003, (Section 25 as amended) requires the Chief Financial Officer to report formally the issues of an opinion as to the robustness of the estimates made and the tax setting calculations; and the adequacy of the proposed financial reserves; and

 

(2)

the Council be recommended to have regard to the matters raised in this report during the final stages of determining the budget for 2023/24.

 

Reasons for the Decisions:

 

The Local Government Act 2003, (Section 25 as amended) requires the Chief Financial Officer to report formally on the issues contained within this report.

 

Alternative Options Considered and Rejected:

 

None.

Report author: Paul Reilly

Publication date: 15/02/2023

Date of decision: 09/02/2023

Decided at meeting: 09/02/2023 - Cabinet

Accompanying Documents: