Agenda item

Final Financial Plan Proposals 2022/23 TO 2024/25

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.

 

Supporting documents: