Purpose

To approve the Council’s budget
proposals for consultation

Decision

RESOLVED that the
Executive:
 
      
i.        
Agrees the draft
budget proposals for 2024/25 as the basis for consultation with the
Overview & Scrutiny Commission and other interested parties or
individuals.

 
    
ii.        
Agrees the
Treasury Management Strategy and associated documents at Annexe E
of the report and request that the Governance and Audit Committee
review each of the key elements.
 
   
iii.        
Agrees that the
2024/25 Schools Budget be set at the eventual level of the
Dedicated School Grant income plus any accumulated DSG
balances.
 
   
iv.        
Authorises the
Executive Member for Children, Young People and Learning to agree
the allocation of the sums available for schools and Early Years
funding as set out in recommendation 2.3 of the report, having
regard to the decisions and recommendations of the Schools Forum and to agree detailed budgets for
services centrally managed by the Council.
 
    
v.        
Notes
that a separate report is included on the agenda for this
Executive
meeting
regarding the Council’s participation in the Department for
Education’s Safety Valve programme, that is likely to
significantly affect the Council’s medium to long-term
financial prospects and may impact on the draft budget proposals
for 2024/25 included in this report.
 
   
vi.        
Agrees that the
Council Tax Base be set at 49,694 (Band D equivalents) for 2024/25
as outlined in Annexe H of the report.

 
  
vii.        
Approves the
virements relating to the 2023/24 budget as set out in Annexes F
and G of the report and recommends those that are over
£0.100m for approval by Council.
 
 viii.        
Approves the
write-off of £54,150 for a commercial property debt that is
no longer recoverable (see paragraph 12.1) of the
report.

Reasons for the decision

The recommendations are designed to allow the
Executive to consult on its draft
budget proposals for 2024/25 as required by
the Local Government Act 2003.

Alternative options considered

The range of options being considered is
included in the report and its Annexes.