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Appendix A - Initial Forecast February 2022

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Financial Forecast - February 2022 Budget Cabinet Proposals

Download a copy of Appendix A - Initial Forecast February 2022. (PDF) [147KB]

 

2021 / 22

£000

2022 / 23

£000

2023 / 24

£000

2024 / 25

£000

2025 / 26

£000

Adv (A) / 

Fav (F)

Forecast agreed February 2021

22,017

21,388

20,747

20,830

20,830

 
Forecast Changes

- 1,076

888

1,710

536

1,051

(A)

Growth Proposals 

344

302

302

302

(A)

Total Expenditure - Financed by

20,941

22,620

22,759

21,668

22,183

 
Lower Tier Services Grant

237

254

-

-

-

Services Grant New 

383

-

-

-

Business Rates Baseline Funding

5,560

5,560

5,560

5,560

5,560

New Homes Bonus (Contributes to City Deal)

1,405

1,866

   
Council Tax

12,579

13,249

13,685

14,114

14,554

 

19,781

21,312

19,245

19,674

20,114

Call on Reserves

1,160

1,308

3,514

1,994

2,069

General Fund Reserves
Balance of Reserves b/f

9,880

8,720

7,412

4,398

2,904

Less transfer to/(-) from reserves to Revenue in Year

-1,160

-1,308

-3,514

-1,994

-2,069

Savings requirement (to ensure £1.1m minimum balance)  

500

500

500

Year End Balance

8,720

7,412

4,398

2,904

1,335

Band D Council Tax 

£327.13

£333.63

£340.26

£347.03

£353.93

Council Tax Increase

1.99%

1.99%

1.99%

1.99%

1.99%

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