1. What is your current predicted funding gap by the end of the financial year 2022/23?
2. What is your current predicted funding gap by the end of the financial year 2023/24?

As per the 2021/22 Medium Term Financial Plan approved by Council in February this year, the revenue budget forecasts for 2022/23 and 2023/24 are effectively balanced.

However, as part of the new year budget setting, we are in the process of setting the 2022/23 budget and revising the forecasts for 2023/24 and 2024/25; it is therefore possible that as the pressures faced by local government currently around social care and the longer term impact of the Covid-19 pandemic become clearer, a budget gap may appear and widen. As Wokingham Borough receives the lowest level of central funding per head of population of any unitary council, we expect to address any gap through efficiencies and income where required, whilst maintaining services to our residents.