Issue - meetings

2025/26 Proposed General Fund Revenue Budget

 

 

Meeting: 18/02/2025 - Cabinet (Item 6.)

6. 2025/26 Proposed General Fund Revenue Budget (Key Decision) pdf icon PDF 761 KB

Additional documents:

Decision:

That Cabinet recommends to Full Council at its meeting on 6 March 2025:

 

i.         the following amounts be now calculated by the Council for the 2025/26 financial year, in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by the Localism Act 2011:

1.

£57,162,110

being the aggregate of the amounts which the Council estimates for items set out in Section 31A(2)(a) to (f) of the Act, as the District Council’s gross expenditure for 2024/25);

2.

£36,261,250

being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3)(a) to (d) of the Act, as the District Council’s gross income for 2024/25); and

3.

£20,900,860

being the amount by which the aggregate at (b)(i) above exceeds the aggregate at (b)(ii) above, calculated by the Council, in accordance with Section 31A(4) of the Act, as its Net Budget Requirement for the year;

 

ii.        the figures shown as i.1. and i.3. above to be increased only by the amount of Parish Precepts for 2025/26;

 

iii.      the budget amounts included in the report be the Council’s budget for 2025/26; and

 

iv.      the fees and charges shown in Appendices C1-C22 be implemented with effect from 1 April 2025.

 

Reasons for Decision:

 

To enable Cabinet to make recommendations to Council of the amounts to be calculated in accordance with Sections 31 to 36 of the Local Government Finance Act 1992, as amended by the Localism Act 2011, for the purposes of setting Council Tax levels for the 2025/26 financial year.

 

Options Considered:

 

Not applicable, the Cabinet is required to make recommendations on the budget to the Full Council.