Why the Council's budget has changed between 2022/23 and 2023/24
| Explanation of the change in the Council's Gross Revenue Budget | £m |
|---|---|
| RMBC Net Budget requiremment for 2022/23 | 259.69 |
| Increase in gross expenditure for Council Tax borne services | 43.35 |
| Increase in Income | -0.86 |
| RMBC Net Budget requirements fro 2023/24 | 302.18 |
| Increase in Net Budget Requirements | 42.49 |
| The reason for the increase in the Net Council Budget are shown below; | £m |
|---|---|
| Inflation and cost pressures | 30.39 |
| Investments in Adult Social Care | 12.40 |
| Investment in key services | 4.30 |
| Budget savings and efficiencies | -8.30 |
| Budget contingency and reserves strategy | 3.70 |
| Change | 42.49 |