Executive Summary:
This is a Decision Record Form outlining the PCC’s Budget and Capital Plans for 2024/25 and the Long-Term Financial Plans to 2027/28.
There is a legal requirement for the PCC to set a budget prior to the 1st March each year for the following financial year. Approving this Decision will ensure that the PCC’s obligations in this area are met for 2024/25.
The Revenue Budget for 2024/25 is based on the approved £13 increase in precept for a Band D property for 2024/25 and sets out how the £196,650k of revenue funding to be received by the PCC in 2024/25 will be spent. The decision also sets out a capital programme of almost £5.2m for 2024/25 and provides details of how this will be spent.
Decision 2023/24 – 0038: Approval of 2024/25 Budget and Associated Reports (application, 138kB)
To support this decision are the following attached papers:
Robustness of Estimates and Adequacy of Financial Reserves (application, 289kB)
2024-25 Budget and Capital LTFP (application, 366kB)
Minimum Revenue Provision 2024-25 (application, 110kB)
Treasury Management Strategy and Prudential Indicators report 2024-25 Final (application, 197kB)
Scrutiny Budget Report Feb 2024 – 2027 Final (application, 407kB)