1 - Revenue Budget Update 2023-24
Renfrewshire Council · 8 June 2023
Back to Finance, Resources and Customer Services Policy Board — 8 June 2023 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
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___________________________________________________________________ To: Finance, Resources and Customer Services Policy Board On: 8 June 2023 ___________________________________________________________________ Report by: Director of Finance & Resources ___________________________________________________________________ Heading: Revenue Budget Update 2023/24 ___________________________________________________________________ 1. Summary 1.1. On 2 March 2023, the Council set its revenue budget for 2023/24. On that day, the Band D Council Tax level was set for 2023/24 and a Budget Motion was approved. This report provides Members with an update to the Revenue Budget 2023/24 following these additional decisions. 1.2. Appendix 1 outlines the total in-year approved Revenue Budget 2023/24 for each service by cost type. 2. Recommendations 2.1 Members are asked to note the report, which reflects the impact of decisions taken by the Council on 2 March 2023. 3. Revenue Budget 2023/24: Council Tax 3.1 At its meeting on 2 March 2023, the Council increased Council Tax for 2023/24 by 6%. The effect of this on all Council Tax bands is as follows:
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Band Council Tax Charge 2023/24 Band Council Tax Charge 2023/24 A £957.45 E £1,886.97 B £1,117.02 F £2,333.78 C £1,276.60 G £2,812.50 D £1,436.17 H £3,518.62 4. Revenue Budget 2023/24: Budget Motion 4.1 A number of initiatives were outlined in the Budget Motion on 2 March 2023, which amounted to an additional £1.750m of non-recurring (one-off) spend planned for financial year 2023/24, as follows: Description Budget 2023/24 £000 Funding for play park renewals 350 Funding for play park maintenance 100 Villages road safety and improvement 150 Increase in foster and kinship carer allowances 210 Top-up funding to the Scottish Welfare Fund 200 Contribution to On-X running track resurfacing 200 Replenish the Villages Improvement Fund 200 Replenish the Culture, Heritage and Events Fund 200 Public Litter Bin replacement programme (Year 1) 90 Concessionary swim programme expansion 50 Total 1,750 Funded by: One-off use of reserves from Employability Fund 1,200 One-off use of reserves from Welfare Reform Fund 200 One-off use of reserves from Culture Bid Legacy Fund 200 One-off use of Financial Sustainability Fund 150 Total 1,750 4.2 On 1 March 2023, the Scottish Government released Finance Circular 3/2023, which included details of previously undistributed settlement funding for Renfrewshire Council of £6.998m. This increases the Estimated Spending Need in the table below by the same value (i.e. the undistributed funding and corresponding spend were both anticipated, just not confirmed at the point the Council papers were published).
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4.3 At the Council meeting on 2 March 2023, the Council agreed to implement a Garden Waste permit scheme, which is forecast to generate £0.828m in 2023/24. This reduces the Estimated Spending Need in the update table below. 4.4 The following table was presented as Table 5 in the report to Council on 2 March 2023 with draft figures before the above decisions were taken. It is now updated here to reflect the impact of the use of reserves and the additional planned expenditure. Budget Overview 2023/24 Draft Budget 2 March £000 Approved Budget 2 March £000 Movement £000 Confirmed Government Grant 389,764 396,762 6,998 Council Tax Income 102,333 108,473 6,140 Council Tax / Community Charge Arrears 500 500 0 Total Income 492,597 505,735 13,138 Less: Estimated Spending need (500,170) (506,340) (6,170) Recurring Budget (Deficit) / Surplus (7,573) (605) 6,968 Less: Estimated Spending need (non-recurring) 0 (1,750) (1,750) One-off use of Reserves 0 2,355 2,355 In-Year Budget (Deficit) / Surplus (7,573) 0 7,573 5. Resource Allocations 5.1 Appendix 1 attached summarises the provisional resource allocation for each service. This is the In-Year budget position and includes the total spending need, both recurring and non-recurring. Resource allocations are subject to amendment during the financial year, to reflect allocation to services of inflationary budgets held at the outset within Miscellaneous Services. ————————————————————————————————————— Implications of the Report 1. Financial - The report and appendix provide background information on the 2023/24 budget, identifying an in-year break-even position, after the one-off use of reserves. 2. HR & Organisational Development – none arising from this report. 3. Community/Council Planning – none arising from this report. 4. Legal – none arising from this report.
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5. Property/Assets - none arising from this report. 6. Information Technology - none arising from this report. 7. Equality & Human Rights - none arising from this report. 8. Health & Safety - none arising from this report. 9. Procurement – none arising from this report. 10. Risk – none arising from this report. 11. Privacy Impact - none arising from this report. 12. Cosla Policy Position – none arising from this report. 13. Climate Risk – none arising from this report. ___________________________________________________________________ Author: Alastair MacArthur, Director of Finance & Resources
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RESOURCE ALLOCATION APPENDIX 1 REVENUE BUDGET 2023/24 Chief Executive's Service Children's Services Communities and Housing Environment and Infrastructure Finance and Resources Loans Fund and Miscellaneous Service Renfrewshire Council Employee Costs 8,987 169,408 8,260 50,586 36,225 27,663 301,129 Premises Costs 1,458 9,171 1,649 4,223 1,076 6,382 23,959 Transport Costs 20 4,625 137 7,643 137 400 12,962 Supplies and Services 15,163 31,803 2,256 21,413 10,424 7,545 88,604 Third Party Payments 130 15,283 2 3,201 1,745 95 20,456 Transfer Payments 3,418 13,953 3,276 218 52,329 (2,101) 71,093 Support Services 361 67 53 1,353 894 964 3,692 Capital Charges 0 0 0 90 0 7,957 8,047 Income (3,761) (1,876) (5,055) (36,621) (59,343) (12,834) (119,490) Sub-Total 25,776 242,434 10,578 52,106 43,487 36,071 410,452 Plus Adult Social Care 97,638 Total In-Year Net Expenditure 2022/23 508,090 Recurring Spending Need 506,340 Non-Recurring Spending Need 1,750 Total In-Year Net Expenditure 2022/23 508,090