Agenda item

Charter Trustees considered a report of the Treasurer that provided information to enable Charter Trustees to determine the appropriate budget requirement for the Charter Trust for 2023/24 and the basic level of council tax required for 2023/24 (for copy of report, see file of minutes).

The Treasurer was in attendance to present the report and advised Trustees of the budget options and the deadline for the 2023/24 precept.

In response to a question in relation to inflation forecasts, the Treasurer indicated that they looked at the forecast for inflation across 2023/24 to determine the rate of increase to apply against budgets and commented that rising energy prices were contributing to inflation.

Resolved: (i) That the forecast of outturn position for 2022/23 be noted.

(ii) That the council tax requirement of £53,937 and a £2.00 precept for 2023/24 be agreed.

(iii) That the deadline for agreeing the precept for 2023/24 be noted.

(iv) That the requirement to keep the agreed precept of £2.00 for 2023/24 to 2025/26 under review on an annual basis be noted.