Agenda item

To recommend to Council the capital and revenue budget proposals together with the Capital Strategy, Prudential Indicators, Treasury Management Strategy, Investment Strategy and General Fund Medium Term Financial Strategy and to approve the Business Plans.

RESOLVED that the business plans for the Council’s corporate priorities and support service functions, subject to amendment as a result of any budget decisions still to be taken by Council recommended by Cabinet, be approved.

RECOMMENDED to Council that:

1.          The Housing Revenue Account budget as submitted be approved (appendix 2).

2.          The General Fund revenue budgets as submitted be approved (appendix 3).

3.          The capital submissions and priorities within them be approved and that the Deputy Chief Executive be authorised to arrange the financing of the capital programme as necessary (appendix 4).

4.          An amount of £50,000 be provided for a General Contingency in 2024/25 (appendix 3).

5.          The Council Tax Requirement for 2024/25 including special expenses (but excluding local precepting requirements) be £6,601,729 (appendix 3).

6.          An amount of £820,670 be withdrawn from the General Fund Reserve in 2024/25 (appendix 3).

7.          An amount of £1,249,422 be taken from the General Fund earmarked reserves in 2024/25 (appendix 3).

8.          The Capital Strategy 2024/25 to 2026/27 be approved (appendix 5)

9.          The Minimum Revenue Provision policy as set out be approved (appendix 6).

10.      The Treasury Management Strategy Statement 2024/25 to 2026/27 be approved (appendix 6).

11.      The Investments Strategy 2024/25 to 2026/27 be approved (appendix 7).

12.      The General Fund Medium Term Financial Strategy to 2027/28 be approved (appendix 8).

Reason

The proposals were in accordance with the relevant legislation, Council policy and procedures, and the Council’s statutory and fiduciary powers.