Purpose

This report sets the draft
Revenue and Capital budget proposals for the 2024/25 financial year
for the purposes of public engagement ahead of the final budget
report going to Cabinet and Full Council in February
2024.
 

Decision

Decision:
 
For the reasons set out in
the report and its appendices Cabinet RESOLVED to Agree to:
 
i) 
Progress the draft
revenue budget proposals for the year 2024/25, as summarised in
this report and detailed in the accompanying appendices, for the
purposes of scrutiny and engagement. 
 
ii) 
Progress the draft
capital programme for the year 2024/25, as summarised in this
report and detailed in Appendix Three, for the purposes of the
scrutiny and engagement processes. 
 
iii) 
Note the indicative
anticipated borrowing requirement resulting from the capital
investment proposals as set out in section six.
 
iv) 
Receive and approve both
the final revenue and capital budget proposals informed by the
results of the scrutiny and engagement, at its meeting on 20
February 2024 for recommendation to full Council on 29 February
2024. 
 
Alternatives
Considered
 
a) 
This report contains proposals for
engagement which aim to help achieve a balanced budget for 2024/25.
As part of engagement and prior to the final budget setting at the
planned full meeting of the Council, alternative proposals can be
considered, but the end result must provide a balanced budget for
the coming financial year.