Issue - meetings

To consider the Head of Finance’s report.

Cabinet considered the head of finance’s report to set the scene for the 2025/26 budget setting process, including the proposed timetable for activities and future cabinet reports to meet the requirement for officers to propose a revised base budget.

The Cabinet Member for finance acknowledged the significant work done to progress the budget process. It was recognised that the report was a forecast and information may be subject to change due a variety of factors including changes in government guidance and fluctuating interest rates. The cabinet member highlighted the target of £1 million in savings through the base budget exercise. Members would need to consider whether service reductions are needed to enable the council to stay within its budgetary envelope, or whether there is headroom to consider possible increases in service delivery.

RESOLVED: That Cabinet notes the contents of the report.