Content

10.1

The Finance and Performance Policy Committee
considered a report of the Director of Finance and Commercial
Services which outlined the progress to date in delivering a
balanced budget for 2025/26. The report set out the current budget
gap along with the associated assumptions, risks and opportunities
to be considered in setting a balanced budget.
 

10.2

RESOLVED UNANIMOUSLY: That the
Finance and Performance Policy Committee: -
 
1. Note the current budget gap stands at
£1.7m for 2025/26.
2. Note the budget gap will likely change
following the publication of the Local Government Finance
Settlement (LGFS) on or before the 19th
December 2024.
3. Note the pressures, savings and investments
proposals set out in the closed appendix 1 of this report.
4. Note for consideration the ongoing budget
assumptions, financial risks and opportunities set out in the
report that will play a role in determining the future actions
required to balance the 2025/26 budget.

 

 

10.3

Reasons for
Decision

 

 

10.3.1

N/A

 

 

10.4

Alternatives
Considered and Rejected

 

 

10.4.1

The Council is required by law to deliver a
balance budget and therefore each Committee needs to delivery
savings to achieve this. No alternatives have been considered at
this stage.