Decision Maker: Executive, Council

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 4, 2025

Purpose: To consider the report on the General Fund / HRA Estimates and Capital Programme

Content: Agreed:   RECOMMENDED that Council:-   (1)  approve the overall spending proposals in respect of its General Fund and HRA revenue budgets; (2)  approve the General Fund and HRA Capital Programmes, subject to the identification of sufficient capital receipts to finance the new General Fund Capital bids in respect of IT and to grant delegated authority to the Strategic Director for Corporate Resources, in consultation with the Leader and Chief Executive to agree the final decision; (3)  in agreeing the recommendations, consider the Section 151 Officer budget assessment in 8.17 of the report; (4)  approve setting the General Fund minimum Balance at £3.100 million for 2025/26 and the HRA minimum Balance at £3.525 million for 2025/26; (5)  approve the Council Tax for each Band recommended to the Council as set out in section 8.20.3 of report, subject to Devon County Council, OPCC Devon and Cornwall and the Devon and Somerset Fire Authority confirming their Band D levels respectively; and (6)  approve the revised Council Tax levels on 25 February 2025, once the actual Council Tax amounts for Devon County Council, Devon and Cornwall Police and Crime Commissioner and the Devon and Somerset Fire Authority are set.   Reason for Decision: As set out in the report.