Decision details

Revenue Budget Report 2024-25

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To agree the Revenue Budget for the 2024/25 year




That Cabinet recommends to Council that it:


1) Notes the details of the Autumn Statement 2023 and Provisional Local Government Finance Settlement as outlined in sections 4.3 and 4.4 of the report;


2) Notes the Government’s expectations about Council Tax levels for 2024-25 in section 4.5 of the report;


3) Approves the precepts as outlined in section 4.5 and Appendix Four of the report;


4) Approves that billing authorities are informed of Council Tax levels arising from the budget proposals as outlined in section 4.5 and Appendix Four of the report;


5) Approves the contingency to cover non-standard inflation as outlined in section 4.7 of the report, and the contingency be allocated by the Director of Finance & ICT, as S151 Officer, once non-standard inflation has been agreed;


6) Approves the service pressure items identified in section 4.8 and Appendix Five of the report;


7) Approves the increase to budgets for undeliverable prior year savings proposals as outlined in section 4.9 of the report;


8) Approves the level and allocation of budget savings as outlined in section 4.10 and Appendix Six of the report;


9) Notes the comments of the Director of Finance & ICT, as S151 Officer, about the robustness of the estimates and adequacy of the reserves as outlined in section 4.11 of the report;


10) Notes the details of the Council’s consultation activity as outlined in section 5 of the report;


11) Approves the Council Tax requirement of £410,111,128 which is calculated as follows:




Budget Before Non-Inflationary Pressures and

Budget Reductions



Plus Service Pressures – ongoing


Plus Adult Social Care Precept


Plus Service Pressures - one-off


Less Budget Reductions


Increase in Debt Charges - ongoing


Increase in Debt Charges – one-off


Increase in Risk Management Budget


Decrease in Interest and Dividend Receipts



Net Budget Requirement




Less Top-Up


Less Business Rates


Less Revenue Support Grant


Less New Homes Bonus


Less General Grant


Less PFI Grant


Less Use of Earmarked Reserves



Balance to be met from Council Tax




12) Approves the use of the Revenue Contributions to the Capital Expenditure Earmarked Reserve to provide one-off support to the 2024-25 Revenue Budget; and


13) Authorises the Director of Finance & ICT, as S151 Officer, to allocate cash limits amongst Cabinet portfolios and the Executive Directors will then report to Cabinet on the revised Service Plans for 2024-25.



Report author: Eleanor Scriven

Publication date: 01/02/2024

Date of decision: 01/02/2024

Decided at meeting: 01/02/2024 - Cabinet

Effective from: 09/02/2024

Accompanying Documents: