Decision details

RESOLVED – That the following recommendations be made to Council:

(1a)     the budget in respect of the General Fund as set out in Appendix 1 of the report be approved as the Current Budget for 2024/25.

(1b)     the budget in respect of the HRA as set out in Appendix 3 of the report be approved as the Current Budget for 2024/25.

(1c)     the Capital Programme as set out in Appendix 4 of this report be approved as the Current Budget for 2024/25.

REASONS FOR DECISION - The purpose of the report was to prepare revised budgets as early as possible within the financial year to provide sufficient time to allow any planned changes to be delivered.  The Council had faced some specific financial challenges this year putting pressure on the ability to set a balanced General Fund budget but, use of reserves ring fenced for providing resilience when needed had mitigated this.

OTHER OPTIONS CONSIDERED AND REJECTED – There were no alternative options considered.  How resources were utilised was ultimately a decision for Members, which would form part of the 2025/26 Medium Term Financial Planning process.

This was not a Key Decision and so can be implemented with immediate effect by officers.