The Director of Finance and
Business Improvement introduced the report which included the
revenue budget proposals for the services within the
Committee’s remit. The additional funding provided to the
Council through the Local Government Finance Settlement was
referenced, alongside the significant financial pressures arising
from high inflation rates and the achievement of the
Council’s strategic priorities.
It was likely that the Council
would achieve a balanced budget across the 2021-22 financial year,
with a small surplus expected. The final projections in relation to
the Medium-Term Financial Strategy would be presented to the
Committee at its February meeting.
The Committee expressed support
for the work undertaken and the impact of high inflation was
noted.
RESOLVED: That
1.
The revenue budget proposals for services within the
remit of the Committee, as set out in Appendix A to the report, be
agreed; and
2.
The revenue budget proposals for services within the
remit of the other Service Committee, as set out in Appendix B to
the report, be noted.