Purpose

Cabinet will be asked to consider and approve
the draft budget for 2024/25.

Content

AGREED: That Cabinet noted the report,
reviewed the council’s approach to balancing the budget
and:
i)              
noted the draft revenue budget for 2024/25 included in the report,
which showed a preliminary balanced position.
ii)             
noted the proposed capital budget for 2024/25 and revised Medium
Term Financial Plan to 2028/29 set out respectively in Appendices A
and B.
iii)            
considered the proposed budget pressures and savings /
transformation / income proposals set out in Appendices C and
D;
iv)            
noted the Equality Impacts Assessments shared at Appendix E;
and
v)             
agreed to commence public consultation on the draft 2024-25 budget,
including proposals to increase Council Tax by the maximum allowed
by Government. The consultation was expected to run from 14th
December 2023 to 22nd January 2024.