Issue - meetings
Final Revenue Budget Report 2022/23 and Final MTFS Report 2022/23 to 2024/25
Meeting: 29/03/2022 - Performance and Finance Scrutiny Sub-Committee (Item 88)
88 Final Revenue Budget Report 2022/23 and Final MTFS Report 2022/23 to 2024/25 
PDF 920 KB
Additional documents:
- Appendix 1A - Savings and Growth from the 2021-22 and 2022-23 budget Process - Feb 2022, item 88
PDF 120 KB
- Appendix 1B -Savings and Growth from 2020-21 Budget Setting Process - Feb 2022, item 88
PDF 23 KB
- Appendix 2 MTFS 2022-23 to 2024-25 - Feb 2022, item 88
PDF 99 KB
- Appendix 3 - Revenue Budget Summary 2022-23, item 88
PDF 45 KB
- Appendix 4 - Levies and Subscriptions 2022-23, item 88
PDF 59 KB
- Appendix 5 - Policy on use of Contingency, item 88
PDF 83 KB
- Appendix 6 - Schools Budget 2022-23, item 88
PDF 198 KB
- Appendix 7 - Public Health Budget 2022-23, item 88
PDF 115 KB
- Appendix 8 - Reserves Policy, item 88
PDF 82 KB
- Appendix 9 - Reserves Forecast, item 88
PDF 31 KB
- Appendix 10 - Report of the Chief Finance Officer, item 88
PDF 124 KB
- Appendix 11 - Model resolution 2022-23 revised for GLA change to Band C, item 88
PDF 89 KB
- Appendix 12 Members Allowances Scheme 2022 - 23, item 88
PDF 130 KB
- Appendix 13 - Harrow Pay Policy Statement 2022-23, item 88
PDF 144 KB
- Appendix 14 - Flexible Use of Capital Receipts Strategy, item 88
PDF 92 KB
- Appendix 15- Summary of EQIA for Savings Proposals 2022-23, item 88
PDF 31 KB
- Appendix 16 - Summary of Resident Consultation, item 88
PDF 135 KB
- Webcast for Final Revenue Budget Report 2022/23 and Final MTFS Report 2022/23 to 2024/25
Minutes:
Members received the Final Revenue Budget 2022/23 and final Medium Term Financial Strategy 2022/2023 to 2024/2025, which was presented to Cabinet on 10 February 2022.
The report set out the final revenue budget for 2022/2023 and final Medium Term Financial Strategy (MTFS) for 2022/2023 to 2024/2025. In December 2021, Cabinet had approved the draft versions of the revenue budget and MTFS for general consultation.
A Member queried what potential impact there would be on the MTFS given the projected high rate of inflation due to rising energy/gas costs, and other associated price increases. It was advised that £4.75m was included in the budget to cover pay and non-pay inflation costs.
Another Member was concerned about budget risks for next year, and which sector would be most affected. It was advised that the Council would maintain a tight grip on finances given that inflation would have a significant impact. However, fuel and energy price increases were determined by external factors, outside the Council’s control. It was hoped that Adults and Children’s Services would remain stable.
RESOLVED: That the report be noted.