Agenda item

Report of the Head of Finance / Acting Chief Finance Officer – S151

The Council gave consideration to the report and appendices (as set out at pages 13 - 52 of the agenda reports pack) which presented the revised General Fund Annual Budget for 2024/25 and an updated MTFP for 2024/25 to 2026/27, an update on the capital programme for 2024/25 and the HRA Annual Budget for 2024/25.

It was moved by Councillor C S Gore, seconded by Councillor J K Ford and

DEFEATED THAT:

A separate vote by taken on each item contained ‘Service Delivery Changes – Financial Sustainability Plan’ at Appendix 4 of the report.

Votes For                  5

Votes Against          15

Abstentions             1

It was moved by the Deputy Leader of the Council, seconded by Councillor G A Boulter and

RESOLVED THAT:

(i)       The content of the report and appendices be noted;

(ii)      The general fund balance reserve no longer used to balance the budget;

(iii)    The Service Delivery Changes – Financial Sustainability Plan be approved, save for a 50% reduction in the funding to Helping Hands and the Community and Wellbeing partnership as opposed to 100%; and

(iv)    An increase in housing rents, service charges and garage rents by the maximum social rent level of 7.7% (subject to any changes being announced on the rent setting formula) be approved.

Votes For                  15

Votes Against          6

Abstentions             0