Issue - decisions

Revenue Budget 2023/24, Medium Term Financial Strategy and Capital Programme 2023-2026

02/03/2023 - Revenue Budget 2023/24, Medium Term Financial Strategy and Capital Programme 2023-2026

a)    Approve the budget and proposals set out in this report, including the level of Council Tax as set out in the Formal Council Tax Resolution, including Special Expenses & Parish Precepts 2023/24, at Appendix A;

b)    Note the advice of the Chief Finance Officer in relation to the robustness of the estimates within the overall budget, including the risks contained within it and the adequacy of the proposed level of financial reserves, as set out in the Statutory Report at Appendices B1 – B3;

c)    Approve the council’s Medium-Term Financial Strategy (MTFS) at Appendix C;

d)    Note the council’s forecast Cumulative Budget Deficit and Budget Strategy 2023-24 to 2025-26 at Appendix D;

e)    Note the analysis of the movement in the 2023/24 Budget from the position approved by Council in February 2022 at Appendix E;

f)     Approve the capital programme for 2023/24 to 2025/26 (Appendices F1, F2 & F3);

g)    Approve the Capital Strategy at Appendix G;

h)    Approve the Treasury Management Strategy at Appendix H and note the advice of the treasury management consultants at Appendix H1;

i)     Approve the council’s Pay Policy at Appendix I for publication on the council’s website from April 2023 (including Appendix I (i) – the payscales for Chorley Council and Appendix I (ii) – the payscales for Shared Services);

j)     Note the budget consultation 2023/24 Report at Appendix J;

k)    Note the Assessing the Impact of Budget Proposals 2023/24 Report at Appendix K