Issue - meetings

Background:

This report set out the initial assumptions underpinning the financial pressures projected by the Council’s services alongside projections of the Council’s income streams insofar as they impacted the 2023/24 budget.

The report provided details of the resource projections. Initial projections for income for 2023/24 amounted to an increase in resources available of £16.001million. Initial projections for the cost of services would add a pressure of between £48.361 – £72.244million, therefore, this represented a potential budget gap for the Council of £32.626 – £56.243million.

Reasons:

This report is important in providing the framework underpinning the budget setting process for 2023/24.