10 Finance Strategy, Capital Programme, Revenue Budget & Council Tax 2024/25 PDF 184 KB
A report by the Assistant Chief Executive Officer.
Decision:
RESOLVED that the Executive approves and recommends to the meeting of the Council to be held on 23 February 2024:
(a) the capital programme and financing of £58,678,500;
(b) an overall revised net revenue budget for 2023/24 of £12,376,100;
(c) a net revenue budget for 2024/25 of £13,292,600;
(d) a council tax for Fareham Borough Council for 2024/25 of £185.86 per band D property, which represents a £5.40 per year increase when compared to the current year and is within referendum limits;
(e) an unchanged Council Tax Support scheme for 2024/25; and
(f) that the Council continues to disregard the whole of any incomes prescribed in the Housing Benefit (War Pensions Disregards) Regulations 2007 and the Council Tax Reduction Schemes (Prescribed Requirements) (England) Regulations 2012.
Minutes:
The comments of the Policy and Resources Scrutiny Panel were taken into account in considering this item.
RESOLVED that the Executive approves and recommends to the meeting of the Council to be held on 23 February 2024:
(a) the capital programme and financing of £58,678,500;
(b) an overall revised net revenue budget for 2023/24 of £12,376,100;
(c) a net revenue budget for 2024/25 of £13,292,600;
(d) a council tax for Fareham Borough Council for 2024/25 of £185.86 per band D property, which represents a £5.40 per year increase when compared to the current year and is within referendum limits;
(e) an unchanged Council Tax Support scheme for 2024/25; and
(f) that the Council continues to disregard the whole of any incomes prescribed in the Housing Benefit (War Pensions Disregards) Regulations 2007 and the Council Tax Reduction Schemes (Prescribed Requirements) (England) Regulations 2012.
10 Finance Strategy, Revenue Budget & Council Tax 2024/25 PDF 206 KB
A report by the Assistant Chief Executive Officer.
Additional documents:
Decision:
RESOLVED that the Executive:
Financial Forecasts (MTFS)
(a) approves the Medium-Term Finance Strategy for the period 2023/24 to 2027/28 as set out at Appendix C to the report;
(b) agrees to submit the updated Pay Policy, annexed to the Medium-Term Finance Strategy in Appendix C at Annex 2, to Full council for approval;
Revenue Budgets
(c) approves the revised 2023/24 general fund revenue budget, amounting to £12,376,100 as set out in Appendices A and B to the report; and
(d) approves the base 2024/25 general fund revenue budget amounting to £13,065,600, as set out in Appendices A and B to the report.
Minutes:
RESOLVED that the Executive:
Financial Forecasts (MTFS)
(a) approves the Medium-Term Finance Strategy for the period 2023/24 to 2027/28 as set out at Appendix C to the report;
(b) agrees to submit the updated Pay Policy, annexed to the Medium-Term Finance Strategy in Appendix C at Annex 2, to Full council for approval;
Revenue Budgets
(c) approves the revised 2023/24 general fund revenue budget, amounting to £12,376,100 as set out in Appendices A and B to the report; and
(d) approves the base 2024/25 general fund revenue budget amounting to £13,065,600, as set out in Appendices A and B to the report.