Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: No

Date of Decision: November 5, 2024

Purpose: To consider draft budget proposals for 2025/26 and the MTFS period to 2028/29.

Content: 1)             Note the 2024/25 current year forecast outturn position as detailed in section 5 of the report.   2)             Note the revised Medium Term Financial Strategy position set out in section 10 of the report and the risks and sensitivities associated with the forecast and the contingency plans set out in section 19 of the report.   3)             Note that consultation will run for 8 weeks during November and December 2024 as detailed in section 26 of the report.   4)             Approve the budget proposals for consultation, including the proposals for changes to fees and charges, detailed in sections 7, 10 to 15 and appendices 1 and 4, with the Equality Impact Assessments (EIAs) detailed in appendix 3 of the report.   5)             Note that this update shows a balanced budget in 2025/26, 2026/27 and 2027/28, with a residual budget gap in the last year of the MTFS that will need addressing following any update on central government funding from the provisional local government finance settlement (PLGFS).   6)             Note the initial proposals for additions to the capital programme for 2025/26 to 2028/29 in section 17 and appendix 2 of the report.