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RESOLVED: That the Finance, Audit and Risk Committee
provided comments on and recommended the Revenue Budget 2024/25 to
Cabinet.
 

RECOMMENDATIONS TO CABINET:

(1)  
That Cabinet approves the decrease in the 2023/24 working budget of
£301k, as detailed in table 7.
 
That Cabinet
recommends to Council that it:
 

(2)  
Notes the position on the Collection Fund and how it will be
funded.
 

(3)  
Notes the position relating to the General Fund balance and that
due to the risks identified a minimum balance of £2.48
million is recommended.
 

(4)  
Notes the net revenue savings that are likely to be required in
future years, combined with the Chief Finance Officer’s
section 25 report (Appendix D) which provides a commentary on the
risks and reliability of estimates contained in the budget.
 

(5)  
Approves the revenue savings and investments as detailed in
Appendix B.
 

(6)  
Approves a net expenditure budget of £20.265m, as detailed in
Appendix C.
 

(7)  
Approves a Council Tax increase of 2.99%, which is in line with the
provisions in the Medium Term Financial
Strategy.
 
REASON FOR
RECOMMENDATIONS: To ensure that all relevant factors are
considered in arriving at a budget and Council Tax level for
2024/25. To ensure that the budget is aligned to Council priorities
for 2024/25 as set out in the Council Plan.