Purpose

To recommend to Council the:
(a) 2024/25 Revenue Budget and Council Tax (b) Medium Term Financial Strategy
Statement for the period 2024/25 and (c) Treasury Management Strategy Statement
and Investment Strategy 2024/25 and Minimum Revenue Provision

Content

RESOLVED –

 

(i)         That the service measures from Business
Assessments, as detailed in Appendix 1 to report COFI/03/24, contributing £1.3m
to the budget position in 2024/25 be approved.

 

(ii)        That the saving of £5.4m be applied to school budgets.

 

(iii)       That the corporate measures totalling
£3.9m and the assumed overall impact on the budget for 2024/25 be noted.

 

(iv)      That
Members make urgent representations to Welsh Ministers over the impact on the
school budgets with reference to Grant Funding, together with the potential
impact on schools following concerns raised by the Schools Budget Forum.

 

Reasons for decisions

 

(i)         To
approve the second set of items to support the delivery of a balanced budget
for 2024/25 and beyond.

 

(ii)        To
note the corporate items contributing to the budget position, including the
assumed change to MRP policy that will be formalised as a separate report
recommending Council approval.