12 Final Financial Plan Proposals 2022/23 TO 2024/25 PDF 990 KB
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Minutes:
The Executive Member for Corporate Resources presented the report to consider the final financial plan proposals 2022/23 to 2024/25 for recommendation to Council on 22 February. He thanked all staff who had contributed in preparing this balanced budget.
The budget proposals for 2022/23 were subject to the recommendations as per minute No.11.
· No rural aid reintroduced or any voluntary sector small grant scheme;
· Grants to CAB/CVS/East Teignbridge and Newton Abbot community transport be maintained at their 21/22 grant levels for the next year;
· Carn 2 Cove grant be eliminated;
· The rent subsidy scheme to remain in its current form for the next financial year; and
· The Councillors Community Fund be increased by £200 per Councillor to £1,200.
RECOMMENDED thatCouncil approve the final budget for 2022/23 and the outline plan for the subsequent years 2023/24 and 2024/25;
The proposed budget included:
· An increase in council tax of £5 or 2.78% to £185.17
· Continued funding for a climate change officer (with increased temporary resources) and enhanced planning enforcement
· Increased provision in the capital programme for climate change projects
· The continuing reduction in new homes bonus
· Other central funding reductions – in particular provisional assumptions for business rates for future years and reset of the baseline
· Reserves at 12.8 % of the net revenue budget or just over £2.0 million
· Increased support for housing including the Teignbridge 100 whilst backing business and bringing people and organisations together for local neighbourhood planning
· Infrastructure delivery plan investment funded by community infrastructure levy and external sources where available
· Continuation of grant funded South West Regional Monitoring Programme
· Town centre investment in infrastructure and employment
· A new two year pot of £40,000 per annum for ‘Tidy Teignbridge’ initiatives to improve cleanliness for town and parish councils
· Paying £1 million off our pension deficit in 2022/23 to reduce ongoing contributions
· Additional temporary resources to deliver expediently the significant projects and proposals identified above and within the capital programme, service reviews and processes to identify business and system improvements/developments, estate management, governance and communications
· No rural aid reintroduced or any voluntary sector small grant scheme
· Carn 2 Cove grant be eliminated
· The Councillors Community Fund be increased by £200 per Councillor to £1,200
· The rent subsidy scheme continues in its current form
· Grants to Citizen Advice Bureau/Community and Voluntary Sector/East Teignbridge and Newton Abbot Community Transport be maintained at their 21/22 grant levels for the next year and Carn 2 Cove grant be eliminated.
The vote was unanimous.