Agenda and decisions

Budget Planning Committee - Tuesday 8 July 2025 6.30 pm

Venue: 39 Castle Quay, Banbury, OX16 5FD

Contact: Matt Swinford, Democratic and Elections Team Email: democracy@cherwell-dc.gov.uk, 01295 221534

Media

Items
No.	Item
2.	Declarations of Interest 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. Additional documents: Webcast for 2.
3.	Minutes PDF 198 KB To confirm as a correct record the minutes of the meetings held on 4 March 2025 and 21 May 2025. Additional documents: 21 May 2025 BPC Minutes , item 3. PDF 88 KB Webcast for 3.
4.	Chair's Announcements To receive communications from the Chair. Additional documents: Webcast for 4.
5.	Requests to Address the Meeting The Chair to report on any requests to address the meeting. Additional documents: Webcast for 5.
6.	Urgent Business The Chair to advise whether they have agreed to any item of urgent business being admitted to the agenda. Additional documents: Webcast for 6.
7.	Finance Monitoring Report PDF 840 KB 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 2024-2025. Recommendation The Budget Planning Committee resolves: 1.1 To note the contents of this report. Additional documents: Appendix 1 - Capital Outturn March 2025 , item 7. PDF 487 KB Appendix 2 - Detailed Revenue Narrative March 2025 , item 7. PDF 491 KB Appendix 3 - Virements & Aged Debt March 2025 , item 7. PDF 356 KB Appendix 4 - Funding March 2025 , item 7. PDF 379 KB Appendix 5 - Use of Reserves and Grant funding March 2025 , item 7. PDF 475 KB Appendix 6 - Savings March 2025 , item 7. PDF 230 KB Webcast for 7. Decision: Resolved (1) That the report be noted.
8.	Council Tax Reduction Scheme 2026/27 PDF 262 KB Report of Assistant Director of Finance (Section 151 Officer) Purpose of Report To enable members to consider the proposed banded scheme for Council Tax Reduction (CTR) for 2026/27. 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 2026/27. Additional documents: Webcast for 8. Decision: Resolved (1) That the contents of the report and any financial implications for the Council be noted. (2) That, having given due consideration, Executive be recommended to agree that the current scheme is retained for 2026/27.
9.	Business Rates Reset Consultation PDF 238 KB Report of Assistant Director of Finance (Section 151 Officer) Purpose of report To update Budget Planning Committee (BPC) on the Business Rates Reset consultations; one of which took place in April and a follow up that was launched 20 June for responses in mid-August. These consultations relate directly to the Medium-Term Financial Strategy (MTFS) 2026/27 – 2030/31. Recommendations The Budget Planning Committee resolves: 1.1 To note the council’s response to the Business Rates Reset consultation which was open between 8 April and 2 June. 1.2 To note the Fair Funding 2.0 consultation that was launched on 20 June with a closing date of 15 August. Additional documents: Appendix 1 - Business Rates Reset Consultation April 2025 Response , item 9. PDF 442 KB Appendix 2 - Fair Funding Review 2.0 , item 9. PDF 2 MB Webcast for 9. Decision: Resolved (1) That the Council’s response to the Business Rates Reset consultation which was open between 8 April and 2 June be noted. (2) That the Fair Funding 2.0 consultation that was launched on 20 June with a closing date of 15 August be noted.
10.	Review of Committee Work Plan PDF 243 KB To review the Committee Work Plan. Additional documents: Webcast for 10. Decision: Resolved (1) That the work programme be noted.