Decision details
ANNUAL BUDGET REPORT 2024/25, MEDIUM TERM FINANCIAL STRATEGY, CAPITAL PROGRAMME AND CAPITAL STRATEGY, AND ANNUAL DELIVERY PLAN.
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To approve: The General Fund Budget for 2024/25 including the use of reserves, Medium Term Financial Strategy, Capital Programme and Strategy, and the Annual Delivery Plan.
Decision:
That the Cabinet approves the following recommendations for onward referral to Full Council on 4th March 2024:
1. That the Revenue Estimates for the General Fund and Medium Term Financial Strategy for the period 2024/25 – 2028/29 (Appendices 1, 1a and 1b) be approved).
2. That the Council Tax for a band D property in 2024/25 be set at £216.09 (a £7.20 per annum increase on 2023/24 levels) be approved.
3. The additions to and use of reserves for specific schemes (as detailed at Appendix 1) be approved.
4. The Medium Term Financial Strategy (at Appendix 1) be approved.
5. The Capital Programme and Capital Strategy (Appendices 1 and 2) be approved.
6. The proposed Fees and charges as set out in Appendix 4 be approved.
7. The Annual Delivery Plan for 2024/25 (Appendix 5) be approved.
8. That Cabinet notes the results of the Budget Consultation process at Appendix 6.
9. That the alignment of constitutional financial limits across the partnership (Appendix 7) be approved.
10. That Cabinet recommends to Council to reaffirm its previous decision in respect of long term empty properties determined in Appendix 1 and makes a determination for the introduction of the premium for substantially furnished with no residents (second homes), to be introduced at the earliest point 1st April 2025.
Reasons for the decision:
To comply with the budgetary and policy framework and legislative requirement.
Alternative options considered:
No other options were considered.
Report author: Samantha Knowles
Publication date: 21/02/2024
Date of decision: 21/02/2024
Decided at meeting: 21/02/2024 - Cabinet
Accompanying Documents:
- Budget Covering Report Cabinet
PDF 303 KB
- Appendix 1 - Budget Setting Report 2024-25
PDF 529 KB
- Appendix 1A - MTFS by Account 2024-25
PDF 63 KB
- Appendix 1B - MTFS by AD 2024-25
PDF 66 KB
- Appendix 1C - Capital Programme
PDF 105 KB
- Appendix 2 - Capital Strategy 2024-25
PDF 231 KB
- Appendix 4 - SELCP Annual Delivery Plan 2024/25
PDF 1 MB
- Appendix 5 - Results of the Budget Consultation process
PDF 169 KB
- Appendix 6 - Fees and Charges 2024-25
PDF 585 KB
- Appendix 7 - Potential constitutional changes
PDF 55 KB