Decision

RESOLVED TO RECOMMEND
 
Cabinet recommends
Councilto:
 
General Fund Revenue Estimate
 
1. Set a Dacorum Borough Council General Fund Council
Tax requirement of £13.821m, and a provisional amount of
£15.144m for the combined Borough Council and Parish
Councils’ requirement for 2024/25;
 
2. Approve a Band D Council Tax increase of
£6.66 (2.99%) for Dacorum Borough Council;
 
3. Approve the base estimates for 2024/25, as shown
in Appendix A1, and the indicative budget forecasts for 2024/25
– 2027/28, as shown in Appendix A2;
 
4. Approve the forecast balances of Revenue Reserves
as shown in Appendix J, and approve section 10 of this report as
the updated Reserves Strategy;
 
5. Approve increases in Fees and Charges for 2024/25
as set out in Appendices C3, D3, and E3;
 
6. Approve and adopt the Treasury Management Strategy
for 2024/25, attached at Appendix K;
 
7. Approve and adopt the Capital Strategy for
2024/25, attached at Appendix L;
 
8. Note that this budget paper, if approved by
Council, will form part of the Medium Term Financial
Strategy.
 
Capital Programme
 
9. Approve the Capital Programme for 2024/25 to
2028/29, as detailed in Appendix I;
 
10. Approve the financing proposals in Appendix I
subject to an annual review of the financing options by the Chief
Finance Officer, in consultation with the Portfolio Holder for
Finance and Resources, during the preparation of the Statement of
Accounts.
 
Housing Revenue Account (HRA)
 
11. Set dwelling rents according to DLUHC guidance,
which provides for a rent increase of CPI plus 1% which equates to 7.7%. The average dwelling rent
is proposed to be £127.73 per week
in 2024/25 (based on 52 weeks);
 
12. Approve the HRA
budget for 2024/25 as shown in Appendix F
 
Employer Terms and Conditions
 
13. Note that the hourly rate of all Council
employees continues to exceed the rate proposed by the rates of the
Living Wage Foundation, for 2024/25 (to be
reviewed annually thereafter).
 
Statement by Chief Finance Officer
 
14. Approve the statement by the Chief Finance
Officer regarding the robustness of the budget estimates and level
of reserves as set out in Appendix M.