Appendix E - General Fund Forecast
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 | 69 | 137 | 206 | 276 | (A) | |
| Technical Adjustment - LCTS grant now in baseline funding | 193 | 193 | 193 | 193 | (A) | |
| Total Expenditure - Financed by | 22,564 | 24,085 | 23,868 | 24,636 | 25,034 | |
| Lower Tier Services Grant | 254 |
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|
|
| |
| Services Grant | 383 | 225 | 225 | 200 | 200 | |
| Minimum Funding Guarantee | 476 | |||||
| Revenue Support Grant | 1 | 212 | 212 | |||
| 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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