Decision details

11.1

The report updated the Policy Committee on the progress of the 2023/24 budget process.

11.2

RESOLVED UNANIMOUSLY: That the Economic Development and Skills Policy Committee Policy Committee:-

1.    Note the update on the Council’s 2023/24 budget position; and

2.    Endorse the budget proposals set out in Appendix 1 of the report.

11.3

Reasons for Decision

11.3.1

The Council is required by law to set a balanced budget each year. This report is pursuant to that objective and is in line with the process and timetable agreed by the Strategy and Resources Committee on 31 May 2022 and 5 July 2022.

11.4

Alternatives Considered and Rejected

11.4.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.