Decision details

RESOLVED that Cabinet

(1) has given full regard to the responsibilities placed upon the Council in the exercise of its Public Sector Equality Duty under s149 of the Equality Act 2010 (as set out in the ‘Budget 2022/23 Impact Assessment’ circulated previously for the purposes of this meeting, and specific impact assessments undertaken as part of the budget’s preparation) in considering the proposals and their impact, before making its decision;

(2) has had regard to the views of the Council's Scrutiny Committees, the Devon Education Forum, the Business Community, the Voluntary Sector, and the Trades Unions and other consultees on the budget (set out elsewhere on the agenda);

(3) notes the Provisional Settlement Funding of £103.2 million;

(4) approves the budgets (pages 40 to 87) within the targets set;

(5) recommends to Council the Net budget of £560.1 million as set out in Key Table 1 on page 8;

(6) recommends to Council that a 1% Adult Social Care Precept is set as set out in Key Table 2 page 9;

(7) recommend to Council that the Council Tax requirement be set at £462,193,800.97 as set out in Key Table 2 page 9;

(8) recommends to Council the precepts required from each District Council and the levels of County Council Tax for each of the eight property valuation bands consequent upon the budget as amended by adjustments in collection in the current year, as set out in Key Table 2 on page 9;

(9) note the new Fees & Charges proposed for 2022/23;

(10) note that in line with financial regulations, changes to existing charges will be agreed by the appropriate Cabinet Member and Chief Finance Officer via a Delegated Decision; 

(11) note the Medium Term Financial Strategy 2022/23 - 2025/26 as set out on pages 89 to 113; 

(12) takes account of the risks outlined on pages 167 to 189 in determining the final service budgets, levels of reserves and Council Tax figure to be recommended to the Council;

(13) notes the County Fund Balance and Earmarked Reserves 2022/23 as set out on pages 114 to 120;

(14) recommends to the Council the Capital Programme Overview 2022/23 - 2026/27, set out on pages 19 to 37;

(15) recommends to the Council the Capital Programme for 2022/23 of £165.2 million and its financing, as shown in Summary Table D on page 27;

(16) approves, for planning purposes, the indicative Capital Programmes for 2023/24, 2024/25, 2025/26 and 2026/27 shown in summary Table D on page 27, noting that the levels will be reviewed in the light of the overall level of revenue and capital resources available to the Council for each year;

(17) recommends to the Council that it adopts the Treasury Management Strategy 2022/23 - 2025/26, as set out on pages 121 to 154;

(18) recommends to the Council the Prudential Indicators for 2022/23 to 2026/27, contained on pages 121 to 154;

(19) gives delegated authority to the Director of Finance to effect movements between the separately agreed limits for borrowing and other long-term liabilities; and

(20) recommends to the Council the Capital Strategy 2022/23 - 2026/27, contained on pages 155 to 166.