Purpose

To provide the
necessary financial information to enable the Council’s
Revenue Budget, Capital Programme & Housing Revenue Account to
be set in accordance with agreed treasury management
principles.

Content

 
RESOLVED –
 

1)   
That it be noted that in relation to the General Fund Revenue, the
Proposed Budget for 2025/26 presented within the considered report
is based on the approval and delivery of £11.4m of new
savings for 2025/26 as set out at Appendix D.

2)   
That it be noted, that at this stage, based on assumptions arising
from the Chancellor’s budget and the subsequent policy
statement, the budget is balanced.

3)   
That in noting that a balanced budget must be set no later than 10
March 2025, should the final local government finance settlement
vary from the assumptions at (2) above, then further savings may be
required.

4)   
That approval be given to a consultation on the Proposed Budget for
2025/26, including a
proposed 2.99% increase in core Council Tax and a 2% increase in
the Adult Social Care precept.

5)   
That the forecast spending and funding plans for the 2025-26 period
as set out at Appendix B, be noted.

6)   
That the forecast levels of statutory and other Council reserves,
as set out at Appendix C be noted.

7)   
That the Council’s participation in the Leeds City Region
Business Rates Pool for 2025/26 be noted.

8)   
That, pursuant to (7) above, authority be delegated to the Chief
Executive and Service Director – Finance, in consultation
with the Leader and Cabinet Member, to agree the governance
arrangements for 2025/26, for approval through the Business Rates
Joint Committee as outlined in section 2.6 of the considered
report.

9)   
That in relation to Capital, approval be given for consultation on
the updated Capital Plan for 2024-32 as set out at Appendix E.

10)That in relation to
the Housing Revenue Account, the proposed budget including rent and
service charges increases for the Housing Revenue Account, as set
out at Agenda Item 11, be noted.