5. How the Council’s budget has changed compared to 2021/22

The following tables show how the net revenue expenditure budget, financing and use of reserves for 2022/23 has changed from the previous year (2021/22).

  £000 £000 £000
Base Budget 2021/22     254,179
Budget Adjustments      
Adjustments to the Base Budget      
Add back one-off 2021/22 measures - Flexible use of capital receipts 2,000    
Removal of one-off 2021/22 expenditure (10,533)    
Total Adjustments to the Base Budget   (8,533)  
Flexible use of capital receipts to support the 2022/23 Budget    (2,500)  
Expenditure Adjustments      
- Pay and Price Inflation 5,630    
- Adults Social Care (includes passporting of the Adult Social Care Precept including the move to the Living Wage Foundation National Living Wage 5,548    
- Children's Social Care Pressures 1,400    
- 2021/22 Unachieved Savings 499    
- Organisational Redesign 1,300    
- Invest to Save Initiatives 405    
- Other Expenditure Pressures 4,315    
- Administration Priorities 1,680    
- Corporate Financing Costs (3,766)    
- COVID Legacy Costs 12,000    
- Parish Precepts (Funded by Parish Precept Income) 14    
Total Expenditure Adjustments   29,025  
Levies      
- Waste and Transport Levy Increase payable to GMCA 245    
- Contribution to GMCA for GM Wide Activities 5    
Total Levies   250  
Total Net Budget Adjustments   18,242  
Approved Budget Reductions      
Revised Budget Reductions initially included in 2021/22 Budget Setting (5,467)    
Budget Reductions approved as part of 2022/23 Budget Setting (6,268)    
Total Approved Budget Reductions   (11,735)  
Increase in the Net Expenditure Budget   6,507 6,507
Net Expenditure Budget for 2022/23     260,686

Financing

  £000 £000
Total Financing for the 2021/22 Budget   (254,179)
Changes to Financing for 2022/23    
 - Increase in General Unringfenced Government Grants (10,367)  
 - Removal of COVID Specific Unringfenced Grant Compensation  10,920  
 - Increase in Grants In Lieu of Business Rates (8,628)  
 - Increase in Retained Business Rates Revenue (1,231)  
 - Increase in Council Tax Revenue including the Adult Social Care Precept (4,380)  
 - Increase in Parish Precept Council Tax Revenue (14)  
 - Adjustment for Collection Fund Deficit (2020/21) 1,839  
 - Collection Fund Surplus (2021/22) (1,307)  
 - Reduction in one-off use of reserves 4,951  
 - 2022/23 Transfer to Reserves 1,710  
Total Changes to Financing for 2022/23   (6,507)
Total Financing for the 2022/23 Budget   (260,686)