Subject:
General Fund Revenue Budget, Capital & Treasury Management
Strategy 2025/26: Officer Amendment
Date of
meeting: 13th February 2025
That the relevant changes are made
to the recommendations as shown below as strikethrough and
in bold
italics:
Recommendations:
That Cabinet
recommends to Council the following:
2.1
That Council approves the Administration’s proposed General
Fund revenue and capital budget and Council Tax increase on the
Brighton and Hove element of the council tax for 2025/26,
comprising:
iv)
The 2025/26 budget allocations to services as set out in Appendix 1
incorporating budget savings proposals detailed at Appendix 2;
subject to the amendment
below:
|
Care pathway for
sexual dysfunction (female)
|
Proposed
withdrawal of the council’s contribution to this
service.
Delivery Risk:
The service is an NHS responsibility and
will therefore
continue to be provided. The risk is low
and is not
expected to impact significantly.
Proposed
withdrawal of funding for this service as this is not a Public
Health responsibility. The most significant impact will be
experienced by women who are unable to identify or afford a
paid-for therapy service.
|
Recommendations to
read if carried:
That Cabinet recommends to Council the
following:
2.1
That Council approves the Administration’s proposed General
Fund revenue and capital budget and Council Tax increase on the
Brighton and Hove element of the council tax for 2025/26,
comprising:
i) A
general Council Tax increase of 2.99%;
ii) An Adult
Social Care Precept increase of 2.00%;
iii) The
council’s net General Fund budget requirement for 2025/26 of
£264.819m;
iv) The 2025/26
budget allocations to services as set out in Appendix 1
incorporating budget savings proposals detailed at Appendix 2,
subject to the amendment below:
|
Care pathway for
sexual dysfunction (female)
|
Proposed
withdrawal of funding for this service as this is not a Public
Health responsibility. The most significant impact will be
experienced by women who are unable to identify or afford a
paid-for therapy service.
|
v) The
changes to Fees & Charges set out in Appendix 3;
vi) The one-off
resource allocations as set out in the table at paragraph 6.5.
vii) A recommended working
balance of £9.000m (approximately 3.4% of the net budget) to
be maintained or replenished over the period of the Medium Term
Financial Strategy.
2.2
That Council notes plans to address future projected budget
shortfalls set out in the 4-Year Medium Term Financial Strategy at
Appendix 4.
2.3
That Council approves the Capital Strategy for 2025/26 at Appendix
5 comprising:
i)
Funding for investment in transformation and change, supported by
the flexible use of capital receipts as set out in paragraph
10.12;
ii) The
capital resources and proposed borrowing included at Annex A of the
Capital Strategy;
iii) The Capital
Investment Programme for 2025/26 of £246.946m included at
Appendix 5 incorporating allocations to strategic funds.
2.4
That Council approves the Treasury Management Strategy Statement as
set out in Appendix 6 comprising:
i) The
Annual Investment Strategy;
ii) The
Prudential and Treasury Indicators;
iii) The Minimum
Revenue Provision policy;
iv)
The
authorised borrowing limit for the year commencing 1 April
2025.
2.5
That Council notes and considers the Equalities Impact Assessments
to cover all relevant budget proposals as set out in Appendix
7.
2.6
That Council further notes that approval of the budget is an
indicative resourcing decision to be taken in the context of the
explanation given in the Legal Implications in Section 19.
2.7
That Council notes that supplementary information needed to set the
overall council tax, including a detailed Budget Book, will be
provided for the Budget Council meeting as listed in paragraph
12.1.
2.8
That Cabinet agrees that the council’s S151 Chief Financial
Officer be authorised to make any necessary technical,
presentational or consequential amendments to this report before
submission to Budget Council.