Decision details

To set out the allocation of approved budgets for 2023/24 for services under the Committee's remit.

Councillor M Goldsmith returned to the meeting and Chair position.

The Committee considered the report on the allocation of the approved budgets for 2023/24 to the Economy and Growth Committee.

The Finance Sub-Committee at its meeting on 8 March 2023 had approved the allocation of the approved capital and revenue budgets, related policy proposals and earmarked reserves to each of the service committees.

Councillor C O’Leary queried the removal of £5m for Macclesfield regeneration from the Medium Term Financial Strategy. It was confirmed that this line within the Capital Addendum was an unfunded aspiration however the Council would continue to make applications to Government for funding for Macclesfield regeneration. Officers committed to providing a written response in relation to the detail of the £5m capital addendum relating to Macclesfield regeneration.

RESOLVED (by majority): That the Committee

1. Note the decision of the Finance Sub Committee to allocate the approved revenue and capital budgets, related budget policy changes and earmarked reserved to the Economy and Growth Committee as set out in Appendix A.
2. Note the financial reporting timetable for 2023-24 set out in Appendix B due to be approved at Finance Sub Committee on 7 June 2023.