Content

The Cabinet received a
report of the Executive Director (Finance and
Transformation).  
 
During the discussion
the following points were raised:
·       
The Executive Member for Finance thanked the Executive Director for
Finance and Transformation and his team for the work put into the
proposals.
·       
It was highlighted that a meeting of the Budget Task & Finish
Group was needed prior to Special Cabinet
·       
The Executive Member for Community raised concerns regarding local
government funding and highlighted that Welwyn Hatfield Borough
Council had had a 64% decrease in funding since 2010.
 
RESOLVED: 

(unanimous) 
DECISION TAKEN
Cabinet agreed to:
a)    
Note the recommendations set out in the Cabinet Report; and
b)    
Approved the budget proposals, noting that any comments from the
Overview and Scrutiny Committee would be brought back to the
Special meeting of Cabinet on the 23rd January 2024.
 
REASON FOR THE
DECISION 
The 2024/25 budget
proposals and the updated medium-term financial forecasts have been
produced to ensure that the Council maintains a sustainable
financial position over the planning period to 2027/28.
 
The budget proposals
will go for consideration by Overview and Scrutiny Committee (OSC)
on 16 January 2024. Recommendations made by OSC and any changes will be presented to Special
Cabinet on 23 January 2024, in order to recommend the budget
proposals to Council at its meeting on 5 February 2024.