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This section allows you to view the general details of a Decision

Details

Status:
Implemented
Business Item
General Fund Budget 2025/26 and Medium Term Financial Strategy (MTFS)
Ref.
ES/2218
Is a Key Decision:
No
Decision Type:
Committee
Decision Maker:
Cabinet
Date of Decision
Tue 7 Jan 2025
Show on Forward Plan
No
Description
Report of the Cabinet Member with responsibility for Resources & Value for Money.
Matter for Decision (to consider...)
See attached report 
Service Area
Financial Services, Corporate Performance & Risk Management
Service Area 2
Not Applicable
Contact for Background Papers:
TBC
Background Papers:
See report
Is Decision District Wide
Yes
Decision Made

That Cabinet:

1. Approved the draft Medium Term Financial Strategy attached at Appendix A, and supporting appendices, for review and consideration by the Overview & Scrutiny Committee as part of the budget process.

2. Approved a proposed Band D Council Tax for East Suffolk Council of £192.15 for 2025/26, an increase of £5.58 (2.99%).

Reason for Decision

This report provides an update to the draft Medium Term Financial Strategy (MTFS), taking account of new and revised risks, and presents an initial draft of the Council’s General Fund Budget for 2025/26. 

 

At the end of the 2025/26 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.

 

The report brings together relevant information to enable Cabinet to review, consider, and comment upon the Council’s General Fund revenue budgets before making recommendations to Council on 19 February 2025.

 

This report also forms the basis of the Overview and Scrutiny Committee’s review of the Budget at its meeting on 16 January 2025 as required under the Budget and Policy Framework.

Alternative Options Considered and Rejected
Setting a balanced budget for the coming financial year is a statutory requirement, therefore there are no other options to consider.
Any Declarations of Interest Declared
None
Any Dispensation Granted
None

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

This Decision does not contain any Ward records.

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

This Decision does not contain any Overview and Scrutiny records.

This section displays the history of the Decision.

Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
12
 Page 1 of 2, items 1 to 10 of 13.
19/12/2024 14:51:26Lorraine FitchBusiness Item Created 
19/12/2024 14:51:26Lorraine FitchCommittee AddedCabinet
19/12/2024 14:51:26Lorraine FitchMeeting Added07/01/2025 6:00PM
19/12/2024 14:51:36 General Details EditedReference Number Generated (ES/2218)
19/12/2024 14:51:36Lorraine FitchStatus ChangedDecision Scheduled [1]
23/12/2024 10:55:14Sarah DavisReport AddedDocument ID 31075: ES-2224 General Fund Budget and MTFS 2025-26
23/12/2024 11:01:03Sarah DavisGeneral Details Edited 
27/12/2024 10:07:49Lorraine FitchStatus ChangedDecision Proposed [2]
02/01/2025 11:31:59Nicola WottonReport AddedDocument ID 31157: ES-2218 General Fund Budget 2025-26 and Medium Term Financial Strategy (MTFS)
07/01/2025 19:24:31Pip AlderGeneral Details Edited 

Approval/Comments

No history found.