Issue - meetings

Budget and Business Planning Report

Meeting: 15/10/2024 - Cabinet (Item 11.)

11. Budget and Business Planning Report pdf icon PDF 489 KB

Cabinet Member: Finance

Forward Plan Ref: 2024/218

Contact: Kathy Wilcox, Head of Financial Strategy

Kathy.wilcox@oxfordshire.gov.uk

 

Report by Executive Director of Resources and Section 151 Officer

 

The Cabinet is RECOMMENDED to:

 

a)    Endorse the report and note the assumptions that will form the starting point for the 2025/26 budget as well as updates since the Medium Term Financial Strategy was agreed in February 2024 that need to be considered;

b)    Approve the budget and business planning process for 2025/26;

c)    Approve a three-year period for the medium-term financial strategy to 2027/28 and ten-year period for the capital programme to 2034/35

d)    Delegate to the Section 151 Officer in consultation with the Cabinet Member for Finance the decision on whether to continue to be a member of the North Oxfordshire Business Rates Pool and;

e) Note the requirement for the council to set a sustainable balanced budget which shows how income will equal spending plans

 

Additional documents:

Decision:

Recommendations approved.