Issue - meetings
General Fund Revenue Budget 2024/25
Meeting: 21/02/2024 - Cabinet (Item 78)
78 General Fund Revenue Budget 2024/25 
PDF 590 KB
Report of the Senior Leadership Team on behalf of the Leader
Additional documents:
- Appendix 1 - Detailed Portfolio Holder Budgets 24-25 (Part1), item 78
PDF 2 MB
- Appendix 1 - Detailed Portfolio Holder Budgets 24-25 (Part2), item 78
PDF 215 KB
- Appendix 2 - Movement in Earmarked Reserves, item 78
PDF 192 KB
- Appendix 3 - Collection Fund Estimates, item 78
PDF 194 KB
- Appendix 4 - Budget Reduction Proposals 24-25, item 78
PDF 25 KB
Minutes:
The Head of Finance and ICT introduced the proposed 2024/25 general fund revenue budget.
RESOLVED to:
1) Approve a 5% discretionary income inflation increase for the individual portfolios as shown in the table at paragraph 2.4.5 of the report; and
2) Recommend to Council on 6 March 2024 that:
a. the financial threshold above which decisions will be regarded as key decisions be set at £0.5m for 2024/25;
b. a provisional council tax increase of 2.988% (£5.48) which balances the financing of a net council tax requirement of £7,358,400 in 2024/25;
c. the detailed budget for 2024/25, as detailed in appendix 1 of the report be approved.