Agenda and decisions

Members are asked to declare any interest and the nature of that interest which they may have in any of the items under consideration at this meeting.

To confirm as correct records the minutes of the meetings held on 5 March 2024 and 22 May 2024.

To receive communications from the Chairman.

The Chairman to advise whether they have agreed to any item of urgent business being admitted to the agenda.

Report of the Assistant Director of Finance

Purpose of report

To enable members to consider the proposed banded scheme for Council Tax Reduction (CTR) for 2025/26.

Recommendations

The Budget Planning Committee resolves:

1.1           To note the contents of the report, and any financial implications for the Council.

1.2           To recommend to Executive that the current scheme is retained for 2025/26.

Resolved

(1)          That the contents of the report and any financial implications for the council be noted.

(2)          That Executive be recommended to agree to retain the current scheme for 2025/26.

Report of Assistant Director of Finance (Section 151 Officer)

Purpose of report

To report to the committee the council’s financial position at the end of the financial year 2023-2024.

Recommendations

The Budget Planning Committee resolves:

1.1       To consider and note the contents of the council’s outturn for the financial year ended 31 March 2024.  

1.2       To note the use of reserve requests held within Appendix 5.

1.3       To note the reserves movements made under the S151’s delegated powers as part of the audit of prior years’ statement of accounts at Appendix 5.

1.4       To note the reprofiled capital budget described in Appendix 1, including corresponding financing from capital reserves, and adjust the 2024/25 capital programme accordingly.

1.5       To note outturn for 2023/2024 which is a balanced position after a contribution to reserves of £4.461m.

1.6       To note the use of £0.285m of the Commercial Risk element of Policy Contingency to mitigate the delay in forecast lettings for some properties within 2023/24.

Resolved

(1)          That, having given due consideration, the contents of the council’s outturn for the financial year ended 31 March 2024 report be noted.

(2)          That the use of reserve requests be noted.

(3)          That the reserves movements made under the Section 151 Officer’s delegated powers as part of the audit of prior years’ statement of accounts be noted.

(4)          That the reprofiled capital budget, including corresponding financing from capital reserves, and adjustments to the 2024/25 capital programme accordingly be noted.

(5)          That outturn for 2023/2024, which is a balanced position after a contribution to reserves of £4.461m, be noted.

(6)          That the use of £0.285m of the Commercial Risk element of Policy Contingency to mitigate the delay in forecast lettings for some properties within 2023/24 be noted.

To review the Committee Work Plan.

Resolved

(1)          That the work plan update be noted.