Purpose

To approve: The General Fund Budget for
2024/25 including the use of reserves, Medium Term Financial
Strategy, Capital Programme and Strategy, and the Annual Delivery
Plan.

Decision

That the Cabinet approves the following
recommendations for onward referral to Full Council on 4th March
2024:
1. That the Revenue
Estimates for the General Fund and Medium Term Financial Strategy
for the period 2024/25 – 2028/29 (Appendices 1, 1a and 1b) be
approved).
2. That the Council Tax for a band D property
in 2024/25 be set at £216.09 (a £7.20 per annum
increase on 2023/24 levels) be approved.
3. The additions to and use of reserves for
specific schemes (as detailed at Appendix 1) be approved.
4. The Medium Term Financial Strategy (at
Appendix 1) be approved.
5. The Capital Programme and Capital Strategy
(Appendices 1 and 2) be approved.
6. The proposed Fees and charges as set out in
Appendix 4 be approved.
7. The Annual Delivery Plan for 2024/25
(Appendix 5) be approved.
8. That Cabinet notes the results of the
Budget Consultation process at Appendix 6.
9. That the alignment of constitutional
financial limits across the partnership (Appendix 7) be
approved.
10. That Cabinet recommends to Council to
reaffirm its previous decision in respect of long term empty
properties determined in Appendix 1 and makes a determination for
the introduction of the premium for substantially furnished with no
residents (second homes), to be introduced at the earliest point
1st April 2025.