Appendix C - Forecast Changes
Forecast Changes: including unavoidable Revenue Spending Pressures and changes to assumptions (£'000s)
Download a copy of Appendix C - Forecast Changes (PDF) [89KB]
| Key Areas | 2022/23 £000 | 2023/24 £000 | 2024/25 £000 | 2025/26 £000 | 2026/27 £000 | Adv (A) Fav (F) | |
|---|---|---|---|---|---|---|---|
| Impact of Outturn 2021/22 and forecast extension | |||||||
| i | Slippage from 2021/22 | 2,125 | 0 | 0 | 0 | 0 | (A) |
| ii | 2026/27 Forecast Extension - Salary | 0 | 0 | 0 | 0 | 450 | (A) |
| Other unavoidable spending pressures and changes to assumptions | |||||||
| iii | Release of Earmarked Reserves | -876 | 0 | 0 | 0 | 0 | (F) |
| iv | Underspend challenge | -300 | 0 | 0 | 0 | 0 | (F) |
| v | Fuel Costs | 200 | 100 | 100 | 100 | 100 | (A) |
| vi | Utilities | 0 | 809 | 809 | 809 | 809 | (A) |
| vii | Insurance | 105 | 105 | 105 | 105 | 105 | (A) |
| viii | Audit Fees | 50 | 50 | 50 | 50 | 50 | (A) |
| ix | Increased in vehicle maintenance costs and vehicle hire | 315 | 170 | 40 | 40 | 40 | (A) |
| x | Contribution from vehicle set aside to fund additional costs | -315 | -170 | -40 | -40 | -40 | (F) |
| xi | Other Price Inflation | 10 | 32 | 32 | 32 | 32 | (A) |
| xii | National Insurance % increase reversal | -52 | -124 | -124 | -124 | -124 | (F) |
| xiii | Pay Award | 820 | 1,463 | 1,463 | 1,463 | 1,463 | (A) |
| xiv | Pensions Triennial Review Revaluation | 0 | -900 | -900 | -900 | -500 | (F) |
| xv | Added Years and AVC Savings | -35 | -67 | -67 | -67 | -67 | (F) |
| xvi | Urgent additional tree maintenance | -70 | 70 | 0 | 0 | 0 | |
| xvii | Reports to be brought to Members | 94 | 82 | 82 | 82 | 82 | (A) |
| xviii | Interest payable and MRP rephasing | -671 | -974 | 778 | 738 | 129 | |
| xix | Investment Income increases | -887 | -394 | 0 | 0 | 0 | (F) |
| xx | Transfer to Treasury Reserve for future borrowing costs | 887 | 394 | 0 | 0 | 0 | (A) |
| xxi | Fees and charges | -35 | -12 | -12 | -12 | -12 | (F) |
| xxii | Vacancy savings | -500 | -175 | -175 | -175 | -175 | (F) |
| xxii | New Homes Bonus | 0 | 1,614 | 0 | 0 | 0 | (A) |
| xxiv | Business Rates Revaluation 2023 | 0 | 42 | 42 | 42 | 42 | (A) |
| xxv | Business Rates - Harris | 0 | -67 | -30 | 0 | 0 | (F) |
| xxvi | City Centre Assets | -150 | -433 | 584 | 591 | 588 | (A) |
| xxvii | IT Strategy Reserve | 0 | 25 | 150 | 150 | 150 | (A) |
| xxviii | Rephasing and project slippage | -290 | 240 | 50 | 0 | 0 | |
| xxix | Technical adjustment, release of contingency, and misc | -481 | -396 | -277 | -295 | -295 | (F) |
| xxx | New Local Council Tax Support Fund | 0 | 315 | 0 | 0 | 0 | (A) |
| xxxi | New Local Council Tax Support Fund Grant | 0 | -315 | 0 | 0 | 0 | (F) |
| -56 (F) | 1,484 (A) | 2,660 (A) | 2,589 (A) | 2,827 (A) | |||
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