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Details
Business Item
General Fund Budget and Council Tax Report 2024/25
Date of Decision
Tue 6 Feb 2024
Description
Report of the Cabinet Member with responsibility for Resources and Value for Money.
Matter for Decision (to consider...)
At the end of the 2024/25 budget process, the Council is required to approve a balanced budget for the following financial year and set the Band D rate of Council Tax. This report sets out the context and initial parameters in order to achieve that objective and contribute towards a sustainable position for the next financial year.
Service Area
Financial Services, Corporate Performance & Risk Management
Service Area 2
Not Applicable
Background Papers:
See attached report.
Is Decision District Wide
Yes
Decision Made
That Cabinet recommend to Full Council that it approves:
1. The 2024/25 General Fund Revenue Budget as set out in this report and summarised in Appendix A5 and notes the budget forecast for 2025/26 and beyond;
2. The reserves and balances movements as presented in Appendix A6;
3. A proposed Band D Council Tax for East Suffolk Council of £186.57 for 2024/25, an increase of £5.40 or 2.98%;
4. The following Council Tax premiums be applied, following the enactment of the Levelling Up and Regeneration Bill on 26 October 2023:
- the 100% premium for properties which have been empty and unfurnished for a period of between 1 and 2 years from 1 April 2024, and
- the 100% premium for second homes from 1 April 2025; and
5. That the Chief Finance Officer and Section 151 Officer is granted delegated authority to implement the introduction of the additional Council Tax premiums.
Reason for Decision
The consideration of the Medium Term Financial Strategy by members as part of the budget process is essential, especially in order to commence actions to achieve a balanced budget and a sustainable medium-term position. Setting a balanced budget for the coming year is a statutory requirement.
Alternative Options Considered and Rejected
Setting a balanced budget for the coming year is a statutory requirement, therefore no other options were considered appropriate.
Any Declarations of Interest Declared
Councillor Caroline Topping declared a Disclosable Pecuniary Interest in this item, as a member of Suffolk County Council.
Councillor Craig Rivett declared a Disclosable Pecuniary Interest in this item, as a member of Suffolk County Council.
Councillor Seamus Bennett declared a Disclosable Pecuniary Interest in this item, as a member of Suffolk County Council.
Any Dispensation Granted
Dispensations were granted by the Monitoring Officer, under Section 33 of the Localism Act 2011, for Councillors Topping, Rivett and Bennett to participate in this item.
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
Aldeburgh and Leiston; Beccles and Worlingham; Bungay and Wainford; Carlford and Fynn Valley; Carlton and Whitton; Carlton Colville; Deben; Eastern Felixstowe; Framlingham; Gunton and St Margarets; Halesworth and Blything; Harbour and Normanston; Kelsale and Yoxford; Kesgrave; Kessingland; Kirkley and Pakefield; Lothingland; Martlesham and Purdis Farm; Melton; Orwell and Villages; Oulton Broad; Rendlesham and Orford; Rushmere St Andrew; Saxmundham; Southwold; Western Felixstowe; Wickham Market; Woodbridge; Wrentham, Wangford and Westleton
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
This Decision does not contain any Overview and Scrutiny records.
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Decision History
| 25/01/2024 16:28:26 | Matt Makin | Business Item Created | |
| 25/01/2024 16:28:26 | Matt Makin | Committee Added | Cabinet |
| 25/01/2024 16:28:26 | Matt Makin | Meeting Added | 06/02/2024 6:00PM |
| 25/01/2024 16:28:58 | Matt Makin | Ward Added | Aldeburgh and Leiston |
| 25/01/2024 16:28:58 | Matt Makin | Ward Added | Beccles and Worlingham |
| 25/01/2024 16:28:58 | Matt Makin | Ward Added | Bungay and Wainford |
| 25/01/2024 16:28:58 | Matt Makin | Ward Added | Carlford and Fynn Valley |
| 25/01/2024 16:28:58 | Matt Makin | Ward Added | Carlton and Whitton |
| 25/01/2024 16:28:58 | Matt Makin | Ward Added | Carlton Colville |
| 25/01/2024 16:28:58 | Matt Makin | Ward Added | Deben |
Approval/Comments
No history found.