Decision Maker: Executive
Decision status: Recommendations Approved (subject to call-in)
Is Key decision?: Yes
Is subject to call in?: No
Provide strategic oversight for the 2023-24
budget setting
RESOLVED that the Executive;
i) noted the Chief Finance Officer (CFO) report (Appendix A attached to the agenda papers) and the issues contained within, including the local government finance settlement and the sections on key risks, and that they consider these when setting the council tax for 2023/24 and agreeing the Council’s medium term financial plan (MTFP);
ii) supported the Council’s response to the local government finance settlement as set out in Appendix 6 of the Chief Finance Officer report attached to the agenda papers.
Reason for Decision
The Local Government Act 2003 requires the Chief Finance Officer (Deputy Chief Executive and CFO) to report to Members, when setting the level of Council Tax, on the robustness of the budget presented and adequacy of reserves. The CFO report highlights the strong financial management the Council. It also outlines the major financial issues facing the Council in the medium-term period, which without the Council taking a commercial approach could increase the reliance on council tax income as well as impact on the future delivery of Council services.
Wards Affected: None Specific;
Reference Number: WBC 1314
Contact: Mark Thompson Email: mark.thompson@wokingham.gov.uk Tel: 0118 974 6555.
Report author: Mark Thompson
Publication date: 27/01/2023
Date of decision: 26/01/2023
Decided at meeting: 26/01/2023 - Executive
Accompanying Documents: