1 - Revenue Budget Update 2022-23
Renfrewshire Council · 15 June 2022
Back to Finance, Resources and Customer Services Policy Board — 15 June 2022 and its agenda
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___________________________________________________________________ To: Finance, Resources and Customer Services Policy Board On: 15 June 2022 ___________________________________________________________________ Report by: Director of Finance & Resources ___________________________________________________________________ Heading: Revenue Budget Update 2022/23 ___________________________________________________________________ 1. Summary 1.1. On 3 March 2022, the Council set its revenue budget for 2022/23. On that day, the Band D Council Tax level was set for 2022/23 and a Budget Motion was approved. This report provides Members with an update to the Revenue Budget 2022/23 following these additional decisions. 1.2. Appendix 1 outlines the total in-year approved Revenue Budget 2022/23 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 3 March 2022. 3. Revenue Budget 2022/23: Council Tax 3.1 At its meeting on 3 March 2022, the Council increased Council Tax for 2022/23 by 3%. The effect of this on all Council Tax bands is as follows: Band Council Tax Charge 2022/23 Band Council Tax Charge 2022/23 A £903.25 E £1,780.16 B £1,053.80 F £2,201.68 C £1,204.34 G £2,653.31
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D £1,354.88 H £3,319.46 4. Revenue Budget 2022/23: Budget Motion 4.1 A number of initiatives were outlined in the Budget Motion on 3 March 2022, which amounted to an additional £5.687m being planned for financial year 2022/23. Of this, £0.055m is recurring spend and £5.632m is non-recurring spend, as follows: Description Budget 2022/23 £000 Recurring Costs Borrowing costs on capital investment in artificial playing surfaces and community halls 55 Non-recurring Costs Fairer Renfrewshire Programme Top-up funding for Discretionary Housing Payments (DHP) 300 Top-up funding to the Scottish Welfare Fund (SWF) 500 Extend the funding provided to households in 2021/22 to tackle financial insecurity and hardship 270 Additional funding re Children and young people’s mental health and well- being, supplementing £0.250m set aside in 2021/22 100 Unallocated; to be outlined in a future Fairer Renfrewshire report 3,812 Pilot enforcement service over 12 months to tackle fly-tipping across Renfrewshire, utilising CCTV technology and improved links to SEPA / Police Scotland* 450 Replenish the Cultural Heritage & Events Fund (CHEF) in 2022/23 to continue to support our local cultural and heritage organisations** 200 Total 5,687 Funded by: One-off use of reserves from Social Renewal Fund 1,000 One-off use of reserves from Unearmarked balances* 450 One-off use of reserves from COVID-19 Recovery Fund** 200 One-off settlement funding from Scottish Government 3,982 Council Tax receipts 55 Total 5,687 4.2 On 2 March 2022, the Scottish Government released Finance Circular 1/2022, which included details of previously undistributed settlement funding for Renfrewshire Council of £13.866m. 4.3 The following table was presented as Table 6 in the report to Council on 3 March 2022 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.
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Budget Overview 2022/23 Draft Budget 3 March £000 Approved Budget 3 March £000 Movement £000 Confirmed Government Grant 365,154 379,020 13,866 Council Tax Income 97,852 100,788 2,936 Council Tax / Community Charge Arrears 400 400 0 Total Income 463,406 480,208 16,802 Less: Estimated Spending need (466,287) (480,208) (13,921) Recurring Budget (Deficit) / Surplus (2,881) 0 2,881 Less: Estimated Spending need (non-recurring) 0 (5,632) (5,632) One-off Revenue allocation 3,982 3,982 0 One-off use of Reserves 0 1,650 1,650 In-Year Budget Surplus 1,101 0 (1,101) 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 needs, both recurring and non-recurring, outlined above. 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 2022/23 budget, identifying an in-year break-even position, after the application of one-off funding and 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. 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.
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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 2022/23 Chief Executive's Service Children's Services Communities and Housing Environment and Infrastructure Finance and Resources Miscellaneous Service Renfrewshire Council Employee Costs 8,623 153,846 7,127 46,661 32,519 13,514 262,290 Premises Costs 1,554 9,366 1,554 4,208 1,616 2,854 21,152 Transport Costs 20 4,461 138 8,004 64 12 12,699 Supplies and Services 13,445 30,722 2,155 21,054 9,139 13,206 89,721 Third Party Payments 126 14,068 2 3,199 1,745 381 19,521 Transfer Payments 2,532 12,158 2,565 106 53,730 18,756 89,847 Support Services 377 206 1,098 1,247 552 3,791 7,271 Capital Charges 0 0 0 0 0 7,162 7,162 Income (3,826) (1,939) (4,356) (33,934) (60,519) (12,889) (117,463) Sub-Total 22,851 222,888 10,283 50,545 38,846 46,787 392,200 Plus Adult Social Care 93,640 Total In-Year Net Expenditure 2022/23 485,840 Recurring Spending Need 480,208 Non-Recurring Spending Need 5,632 Total In-Year Net Expenditure 2022/23 485,840