Issue - decisions
Annual Budget Report 2024/25 Medium Term Financial Strategy, Capital Programme, Capital Strategy and Council Tax
21/02/2024 - ANNUAL BUDGET REPORT 2024/25, MEDIUM TERM FINANCIAL STRATEGY, CAPITAL PROGRAMME AND CAPITAL STRATEGY, AND ANNUAL DELIVERY PLAN.
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.