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a) Approve the budget and proposals set out in
this report, including the level of Council Tax as set out in the
Formal Council Tax Resolution for 2024/25, including Special
Expenses & Parish Precepts, at Appendix A;
b) Note the advice of the Chief Finance
Officer in relation to the robustness of the estimates within the
overall budget, including the risks contained within it and the
adequacy of the proposed level of financial reserves, as set out in
the Statutory Report at Appendices B1 – B3;
c) Approve the council’s Medium-Term
Financial Strategy (MTFS) at Appendix C;
d) Note the council’s forecast
Cumulative Budget Deficit and Budget Strategy 2024/25 to 2026/27 at
Appendix D, including the analysis of the movement in the 2024/25
Budget from the position approved by Council in February 2023;
e) Note the analysis of the Directorate
Budgets for 2024/25, by expense type, at Appendix E;
f) Approve the capital programme for 2024/25
to 2026/27 (Appendices F1, F2 & F3);
g) Approve the Capital Strategy at Appendix
G;
h) Approve the Treasury Management Strategy at
Appendix H1 and note the advice of the treasury management
consultants at Appendix H2;
i) Approve the council’s Pay Policy at
Appendix I for publication on the council’s website from
April 2024 (including Appendix I (i) – the payscales for
Chorley Council and Appendix I (ii) – the payscales for
Shared Services);
j) Note the Budget Consultation 2024/25 Report
at Appendix J;
k) Note the Impact Assessment of the Budget
Proposals for 2024/25 at Appendix K.