Decision

RESOLVED that all
recommendations below be referred to Council on 31st January
2024;

1) that in the view of the Section 151 Officer, the
estimates included in the Medium-Term Financial Plan 2023/24 to
2027/28, are robust and that the level of financial reserves,
whilst at minimum levels are adequate, be accepted,

2) that officers report back to Executive and to the
Finance and Corporate Overview Scrutiny Committee on a quarterly
basis regarding the overall position in respect of the
Council’s budgets.

GENERAL FUND

1. A Council Tax increase of £5.89 is levied
in respect of a notional Band D property (2.99%).

2. The Medium-Term Financial Plan in respect of the
General Fund as set out in Appendix 1 to the report be approved as
the Revised Budget 2023/24, as the Original Budget in respect of
2024/25, and the financial projection in respect of 2025/26 to
2027/28.

3. That any further under spend in respect of
2023/24 is transferred to the Council’s General Fund
Reserves.
 

4. On the basis that income from Planning Fees may
exceed £0.500m in 2023/24, the Head of Paid Service, in
consultation with the Leader, is granted delegated powers to
authorise such additional resources as necessary to effectively
manage the resultant increase in workload.
 

HOUSING REVENUE ACCOUNT

1. That Council increases its rent levels by 7.7% to
apply from 1st April 2024.

2. That the increases in respect of other charges as
outlined in Appendix 4, Table 1 to the report
be implemented with effect from 1st April
2024.

3. The Medium-Term Financial Plan in respect of the
Housing Revenue Account as set out in Appendix 3 and
4 to the report be approved as the Revised Budget in respect
of 2023/24, as the Original Budget in respect of 2024/25, and the
financial projection in respect of 2025/26 to 2027/28.

4. That under spends in respect of 2023/24 to
2027/28 are transferred to the HRA Revenue Reserve.
 
CAPITAL
PROGRAMME

1. That the Capital Programme as set out in
Appendix 5 to the report be approved as the
Revised Budget in respect of 2023/24, and as the Approved Programme
for 2024/25 to 2027/28.