Issue details - Revenue and Capital Budget 2022/2023

Revenue and Capital Budget 2022/2023

Statutory Notice PDF 113 KB

To approve the Council’s Revenue Budget and Capital Plan Budget for 2022/2023 including the setting of fees and charges for Council services and Capital Strategy.

There are currently a number of unknown elements in respect of Government’s financial settlement including the outcomes of the spending review, expected 27 October 2021. Therefore, the Council will prepare its budget following the Government’s local government finance settlement announced in December 2021. The Cabinet will launch its draft budget for 4 weeks consultation at its Cabinet meeting on 11 January 2022, with the final recommendations being considered by Cabinet in February 2022 and considered by Council in March 2022. As the budget proposals will be later for 2022/23 and not be submitted before 8 February 2022, Standing Orders F2.7 to 2.11 will not apply (whereby the Council provides any objections to the Cabinet to review before determining the budget).

Decision type: Key

Reason Key: Revenue Budget variation +£250,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 01/10/2021

Decision due: 11 Jan 2022 by Cabinet

Decision due: 22 Feb 2022 by Cabinet

Decision due: 3 Mar 2022 by Council

Lead member: Deputy Leader of the Council and Cabinet Member for Finance

Lead director: Chief Finance Officer

Contact: Martin Phillips Email: martin.phillips@torbay.gov.uk.

Consultation process

Reports in relation to the final Revenue Budget will be circulated to the Council’s key stakeholders (in accordance with statute).

The Cabinet will set out draft budget savings proposals for consultation.

The Leader of the Council will request Cabinet Members and officers to outline the implications for the budget savings proposals. The Overview and Scrutiny Board and stakeholders will respond to these proposals. The Cabinet will consider these comments before proposing a final budget (including proposals for service change, income generation and efficiencies) which will form part of the Revenue Budget which will be presented to Council in February or March 2022.

Consultees

Overview and Scrutiny Board, Council and key stakeholders.

If you want to make representations contact:: Martin Phillips, Director of Finance, Torbay Council, Town Hall, Castle Circus, Torquay, TQ1 3DR, telephone (01803) 207285, email martin.phillips@torbay.gov.uk

Decisions

12/01/2022 - Revenue and Capital Budget 2022/2023 - Consultation
23/02/2022 - Revenue and Capital Budget 2022/2023