Content

The purpose of the report was
to present the Revenue Budget for 2025/26, the Capital Programme
and the Medium-Term Financial Strategy for 2025/26 to
2028/29.
 
The Deputy Leader and Cabinet
Member for Finance and Transformation introduced the
item.
 
The recommendations were
proposed by Councillor Evemy,
Deputy Leader and Cabinet Member for Finance and
Transformation and seconded by Councillor
Harris, Leader. This proposal was put to the vote and agreed by
Cabinet.
 
RESOLVED Cabinet approved for
recommendation to Council:

1.    
the Medium-Term Financial Strategy set out in Annex
B

2.    
the Budget Pressures and Savings for inclusion in
the budget, set out in Annex C

3.    
the Council Tax Requirement of £7,065,418 for
this Council

4.    
the Council Tax level for Cotswold District Council
purposes of £158.93 for a Band D property in 2025/26 (an
increase of £5)

5.    
the Capital Programme, set out in Annex D

6.    
the Annual Capital Strategy 2025/26, as set out in
Annex E

7.    
the Annual Treasury Management Strategy and
Non-Treasury Management Investment Strategy 2025/26, as set out in
Annex F

8.    
the Strategy for the Flexible use of Capital
Receipts, as set out in Annex H

9.    
the balances and reserves forecast for 2025/26 to
2028/29 as set out in Section 7 of the report.

10. 
Formally noted the renewal of the CIVICA
OpenRevenues 3-year software contract
from 01 June 2025 with an annual fee of £0.106m (an increase
of £0.031m over the previous annual contract
value)
 
RESOLVED: Cabinet approved
delegation to the Council’s Deputy Chief Executive, in
consultation with the Deputy Leader and Cabinet Member for Finance
to:

11. 
Agree changes to the General Fund Summary arising
from the Local Government Finance Settlement and the Business Rates
Retention Scheme estimates prior to submission to
Council.
 
Voting Record: 5 For, 0
Against, 0 Abstention.