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RESOLVED:
 

1.   
That Cabinet note the 2024/25 Draft Budget and
Medium-Term Financial Strategy to 2028/29, including progress to
date in setting out spending pressures and efficiencies, as set out
in Annex A.

2.   
That Cabinet note the provisional budget gap of
£13.5m for 2024/25 and the next steps required to close the
gap.

3.   
That Cabinet note the proposed Draft Capital
Programme for 2024/25 to 2028/29 of £1.9bn set out in Section
6 of the report and Annex B

4.   
That Cabinet note the summary of Resident Engagement
and next steps set out in Section 9 of the report.
 
Reasons for Decisions:
 
In January
2024, Cabinet will be asked to recommend a Final Budget for 2024/25
to full Council for approval in February. The draft budget sets out
proposals to direct available resources to support the achievement
of the Council’s corporate priorities, balanced against a
challenging financial environment, giving Cabinet the opportunity
to comment on the proposals and next steps.
The draft
budget also provides an update on the Council’s SWITCh
(Surrey
Way, Innovation, Transformation and Change) programme, setting out
the medium to long term portfolio of redesign and transformational
change that will enable greater financial sustainability for
the Council.

(The decisions on this item can be called-in by the
Resources and Performance Select Committee)