Issue - meetings
Final 2024/25 General Fund Revenue Budget
Meeting: 20/02/2024 - Cabinet (Item 88)
88 2024/25 Proposed Revenue Budget (Key Decision) 
PDF 748 KB
Additional documents:
- 20.02.24 - Revenue Budget 2024-25 Appendix As, item 88
PDF 894 KB
- 20.02.24 - Revenue Budget 2024-25 Appendix Bs, item 88
PDF 4 MB
- 20.02.24 - Revenue Budget 2024-25 Appendix Cs, item 88
PDF 1 MB
Decision:
That Cabinet recommends to Full Council at its meeting on 7 March 2024 that:
i. the following amounts be now calculated by the council for the 2024/25 financial year, in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by the Localism Act 2011:
|
1. |
£57,602,680 |
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. |
£37,723,830 |
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. |
£19,878,850 |
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 2024/25;
iii. the budget amounts included in the report be the council’s budget for 2024/25; and
iv. the fees and charges shown in Appendices C1-C22 be implemented with effect from 1 April 2024.
Minutes:
The Business Manager – Financial Services presented a report which enabled Members to consider the spending proposals in the Council’s proposed 2024/25 General Fund Revenue Budget. The budget proposals had been prepared in accordance with the Council’s budget setting strategy for 2024/25, as approved by Cabinet on 11 July 2023.
The Local Government Finance Settlement provided key figures for Government Grant that formed part of the Council's budget. The provisional settlement was announced on 18 December 2023 with the final settlement still to be announced. It was reported that the assumed Council Tax increase within the proposed revenue budget was an increase in the Band D equivalent of 2.99%.
AGREED (with 7 votes for and 2 abstentions) that Cabinet recommends to Full Council 7 March 2024:
i. the following amounts be now calculated by the Council for the 2024/25 financial year, in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by the Localism Act 2011:
|
1. |
£57,602,680 |
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. |
£37,723,830 |
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. |
£19,878,850 |
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 2024/25;
iii. the budget amounts included in the report be the Council’s budget for 2024/25; and
iv. the fees and charges shown in Appendices C1-C22 be implemented with effect from 1 April 2024.
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 2024/25 financial year.
Options Considered:
Not applicable, the Cabinet is required to make recommendations on the budget to the Full Council.