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Appendix E - General Fund Forecast

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The below information highlights the financial forecast - February 2023.

You can download a copy of Appendix E - General Fund Forecast (PDF) [174KB] .

 

2022 / 23

£000

2023 / 24

£000

2024 / 25

£000

2025 / 26

£000

2026 / 27

£000

Adv (A) / 

Fav (F)

Forecast agreed February 2022

22,620

22,759

21,668

22,183

22,183

 
Forecast Changes

- 56

1,484

2,660

2,589

2,827

(A)

Savings - 510- 790- 535- 445

(F)

Growth Proposals 

90

 

 

 

(A)

Guild fund contribution 69137206276

(A)

Technical Adjustment - LCTS grant now in baseline funding 193193193193

(A)

Total Expenditure - Financed by

22,564

24,085

23,868

24,636

25,034

 
Lower Tier Services Grant

254

 

 

 

 

Services Grant383

225

225

200

200

Minimum Funding Guarantee 476   
Revenue Support Grant1212212  
Business Rates Baseline Funding

5,560

5,768

5,768

5,768

5,768

New Homes Bonus (Contributes to City Deal)

1,866

1,614

   
Council Tax

13,249

14,228

14,738

15,379

16,045

 

21,313

22,523

20,943

21,347

22,013

Call on Reserves

1,251

1,562

2,925

3,289

3,021

General Fund Reserves
Balance of Reserves b/f

11,441

10,190

8,628

6,303

3,614

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

-1,251

-1,562

-2,925

-3,289

-3,021

Savings requirement (to ensure £1.1m minimum balance)  

600

600

600

Year End Balance

10,190

8,628

6,303

3,289

3,021

Band D Council Tax 

£333.63

£343.60

£353.87

£364.45

£375.34

Council Tax Increase

1.99%

2.99%

2.99%

2.99%

2.99%

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