Issue - meetings

Finance and Resources

To recommend the Council’s revenue budget and Council Tax proposals for 2024/25.

Recommended to Council:

1.  That the Forecast for 2023/24, as set out in Column 3 of Annex 1 to the report, be noted.

2.  That the Income Generation Proposals, Savings Options and Revenue Pressures, as set out in Annexes 2 and 3 to the report, be approved.

3.  That the transfers to or from reserves, as detailed in paragraph 4.34 of the report, be approved.

4.  That subject to recommendations 2 and 3 above and taking due regard of the Head of Finance and Revenues’ comments in Annex 7 to the report, the budget for 2024/25, as set out in Column 6 of Annex 1 to the report, be approved.

5.  That subject to recommendations 2, 3 and 4 above, the revenue estimates for each Service contained in Annex 6 to the report be approved.

6.  That a Council Tax Requirement for 2024/25 of £11,012,693 be approved.

7.  That a Special Expenses Levy of £343,604 be made in respect of the area of Andover to cover the cost of providing burial grounds, sports grounds and playgrounds.

8.  That a general precept of £8,532,991 be levied for the year 2024/25.

9.  That the Medium Term Forecast, contained in Annex 5 to the report, be noted.

10.That a Band D Council Tax, excluding Parishes and Special Expenses, of £163.91 in 2024/25 be approved.

Consideration was given to a report of the Finance and Resources Portfolio Holder which presented the proposals for the final Revenue Budget and Council Tax for the financial year 2024/25.

The report took into account the previous budget information and options for changes in service delivery that were presented to the Cabinet in October 2023 and January 2024. The report also presented the savings and additional income that had been identified to enable the Council to propose a balanced budget for 2024/245.

Having considered the options and for the reasons set out in the report, the recommendations were proposed by Councillor Flood, seconded by Councillor P North and Cabinet agreed to the following:

Recommended to Council:

1.  That the Forecast for 2023/24, as set out in Column 3 of Annex 1 to the report, be noted.

2.  That the Income Generation Proposals, Savings Options and Revenue Pressures, as set out in Annexes 2 and 3 to the report, be approved.

3.  That the transfers to or from reserves, as detailed in paragraph 4.34 of the report, be approved.

4.  That subject to recommendations 2 and 3 above and taking due regard of the Head of Finance and Revenues’ comments in Annex 7 to the report, the budget for 2024/25, as set out in Column 6 of Annex 1 to the report, be approved.

5.  That subject to recommendations 2, 3 and 4 above, the revenue estimates for each Service contained in Annex 6 to the report be approved.

6.  That a Council Tax Requirement for 2024/25 of £11,012,693 be approved.

7.  That a Special Expenses Levy of £343,604 be made in respect of the area of Andover to cover the cost of providing burial grounds, sports grounds and playgrounds.

8.  That a general precept of £8,532,991 be levied for the year 2024/25.

9.  That the Medium Term Forecast, contained in Annex 5 to the report, be noted.

10.That a Band D Council Tax, excluding Parishes and Special Expenses, of £163.91 in 2024/25 be approved.