Decision details

Councillor Liz Leyshon proposed the recommendations which were seconded by Councillor Bill Revans.

Having been duly proposed and seconded, the Council RESOLVED to:

a)    Consider and note the assurance provided by the Section 151 Officer in respect of the robustness of the 2024/25 budget proposals.

b)    Consider and note the assurance provided by the Section 151 Officer on the adequacy of reserves for 2024/25.

c)     Approve that the Level of General Reserves were maintained within the range £30m (5% of net budget) to £60m (10% of net budget).

d)    Note the Section 151 Officers significant concerns over the 2025/26 financial year and the ability to balance the budget.

e)    Note that the Section 151 would provide members with regular updates concerning the council's finances and the risks of a Section 114 notice.