Decision details
Chief Finance Officer's Report
Decision Maker: Executive
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To consider the Chief Finance Officer’s report which outlines the major financial issues facing the Council
Decision:
That:
1) the Chief Finance Officer (CFO) report and the issues contained within, including the local government finance settlement and the sections on key risks, be noted and that the Executive consider these when setting the council tax for 2022/23 and agreeing the Council’s Medium Term Financial Plan (MTFP);
2) the Council’s response to the local government finance settlement, as set out in Appendix Two to the report, be supported;
3) the Council’s ongoing representations for fairer funding for the residents of Wokingham Borough Council be supported.
Wards Affected: None Specific;
Declarations: None
Dispensations: None
Reference Number: WBC1247
Other reasons / organisations consulted
The budget setting process starts early in the
previous financial year with a focus on areas which require budget
growth to meet growing demands and areas which can deliver savings
through efficiencies and additional income generation. A budget
submission process is undertaken to ensure budget bids can be
challenged in the context of the Councils aims and objectives. To
enhance transparency and budget setting engagement this
year’s process (similar to last year) has included
consultation with the Community and Corporate Overview and Scrutiny
Committee (CCOSC). Information provided at CCOSC is also available
to the Public.
Consultees
CFO Section for Medium Term Financial
Plan
WBC Consultation response letter to draft settlement
Contact: Mark Thompson Email: mark.thompson@wokingham.gov.uk Tel: 0118 974 6555.
Report author: Mark Thompson
Publication date: 27/01/2022
Date of decision: 27/01/2022
Decided at meeting: 27/01/2022 - Executive
Effective from: 05/02/2022
Accompanying Documents:
PDF 290 KB