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The recommendations in the Supplementary
Report in Addenda 4 were approved with 40 votes in favour, 13
abstentions and no votes against.
 
The
Council is RECOMMENDED to:
 

a.   
have regard to the statutory report of
the Executive Director of Resources and Section 151 Officer set out
in Section 3.1 alongside Labour & Co-operative Group Section
3.1 in approving recommendations b to d below;

b.   
(in respect of the budget and
medium term financial strategy –
at Section 4) approve the following:
 

(1)  
the council tax and precept calculations
for 2025/26 [at Section 4.3] and in particular:

(i)    
a precept of £533,328,633;

(ii)  
a council tax for band D equivalent
properties of £1,911.40;

(2)  
a budget for 2025/26 [at Supplementary
Section 4.4 which incorporates the changes set out in Section 4.2
amended by Labour & Co-operative Group Section 4.2 and further
amendments in Supplementary Section 4.2.1];

(3)  
a medium term
financial strategy for 2025/26 to 2027/28 [at Supplementary Section
4.1 [which incorporates changes to the existing medium term
financial strategy as set out in Section 4.2 amended by Labour
& Co-operative Group Section 4.2 and further amendments in
Supplementary Section 4.2.1];

(4)  
the Financial Strategy for 2025/26 [at
Section 4.5];

(5)  
the Earmarked Reserves and General
Balances Policy Statement 2025/26 [at Section 4.6 amended by Labour
& Co-operative Group Section 4.6]. 
This includes:

(i) 
the Executive Director of Resources and
Section 151 Officer’s recommended level of General Balances
for 2025/26 [at Section 4.6], and

(ii)      
the planned level of Earmarked Reserves
for 2025/26 to 2027/28 [at Section 4.6.1 amended by Supplementary
Section 4.2.1 (see paragraph 6 below)].

c.   
 (in respect
of capital – at Section 5) approve:

(1)  
the Capital & Investment Strategy for 2024/25
to 2034/35 including the Prudential Indicators and Minimum Revenue
Provision Methodology Statement [at Supplementary Section 5.1 which
incorporates Section 5.3 amended by Labour & Co-operative Group
Section 5.3];

(2)  
a Capital Programme for 2024/25 to 2034/35 [at
Supplementary Section 5.4 which includes new capital proposals set
out in Section 5.3 and amended by Labour & Co-operative Group
Section 5.3].

d.   
(in respect of treasury management
– at Section 5) approve:

(1)  
the Treasury Management Strategy Statement and
Annual Investment Strategy for 2025/26 [at Section
5.2] including the Treasury
Management Prudential Indicators and the Specified Investment and
Non-Specified Investment Instruments.

(2)  
that any further changes required to the 2025/26
Treasury Management Strategy be delegated to the
Executive Director of Resources and
Section 151 Officer in consultation
with the Leader of the Council and the Cabinet Member for
Finance.