Approval of Budget Strategy, Process and Timetable

October 8, 2024 Cabinet (Cabinet collective) Key decision Awaiting outcome View on council website

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Summary

Cheltenham Cabinet approved the budget setting timetable and outline budget strategy on 08/10/2024. The Cabinet noted a £734k overspend and the intention to remain in the Gloucestershire Business Rates Pool for 2025-26. The Section 151 Officer, Deputy Section 151 Officer, and Cabinet Member for Finance and Assets are requested to consider suggestions from the Budget Scrutiny Working Group for interim budget proposals.

Full council record

Purpose

To consider the recommendations

Decision

RESOLVED THAT:

  1. 1.    the budget setting timetable at Appendix 2 and outlined in section 5 of this report is approved;
  2. 2.    the outline budget strategy outlined in section 6 is approved;
  3. 3.    the £734k overspend reported to Cabinet in September 2024 and large amount of work which will be required to close this gap and deliver the required savings and efficiencies in 2024/25 is noted;
  4. 4.    the intention for this council to remain in the Gloucestershire Business Rates Pool in 2025-26 as outlined in section 7 is noted;
  5. 5.    the Section 151 Officer, Deputy Section 151 Officer and the Cabinet Member for Finance and Assets are requested to consider suggestions from the Budget Scrutiny Working Group in preparing the interim budget proposals for 2025-26.

Related Meeting

Cabinet - Tuesday, 8th October, 2024 6.00 pm on October 8, 2024

Supporting Documents

Budget Strategy Process 2025-26 - officer report.pdf
Appendix 2 - Budget Setting Timetable.pdf

Details

OutcomeFor Determination
Decision date8 Oct 2024
Effective from18 Oct 2024
Expected date8 Oct 2024
Originally due8 Oct 2024
Lead officerGemma Bell
Subject to call-inYes