Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 4, 2025

Purpose:

Content: Cabinet noted that the final figures would be updated following recent announcement of the final Financial Settlement from Government.  These will be updated in the papers for Council.   RECOMMENDED 1   It is recommended that Council note the revision to the Forecast for 2024/2025 as set out in the report.   RECOMMENDED 2   Council is recommended to approve the Policy on Earmarked Reserves and General Fund Balance and the maximum balances set for the reserves as noted in the report and at Appendix 8 of the report.   RECOMMENDED 3   That Council : 1) Approves the budget requirement of £26,329,130 for 2025/2026 and notes the projections for 2026/2027, 2027/2028 and 2028/2029.   2) Approves the Fees and Charges 2025/2026 detailed in Appendix 4a and 4b and approves the new Fees and Charges Policy at Appendix 4c   3) Approves the Pay Policy at Appendix 5   4) Approves the level of Special Expenses for the Town/Parish Councils as detailed in the report (Appendix 7).   5) Approves a Band D council tax of £152.87 for 2025/2026.   RECOMMENDED 4   That Council approves a minimum requirement of the General Fund balance for 2025/2026 of £1,316,460 (5% of estimated budget requirement).   RECOMMENDED 5   Pursuant to Section 25 of the Local Government Act, Council is asked to have due regard to this statement at Section 9 of this report when considering and approving the budget and the level of council tax for 2025/2026.