Agenda item

To receive and consider the report of the Responsible Financial Officer (RFO) and the Draft Revised Revenue Budget for 2024/25 and Draft Budget for 2025/26.

The Committee received and considered the report of the RFO concerning the base revenue budget, draft estimates on budget parameters for 2024/25 and a revenue budget summary.

For the benefit of Members, the RFO outlined the contents of the report and explained that now the Biodiversity & Green Spaces Team were established that projects were coming to fruition at pace which had led to modest increases in general.

The main increase was due to personnel costs resulting from the establishment of the Green Spaces team and more of the budgets lines being attributed directly to specific cost centres rather than to a general budget line. However, this would allow for greater future analysis on individual budget costs.

Members were unanimously in agreement with the draft revised base revenue budget for 2024/25 and the estimated base revenue budgets for 2025/26.

Recommended:

1.      That, the report be noted and,

2.      That, the draft revised base revenue budget for 2024/25 and the estimated base revenue budgets for 2025/26, as detailed be agreed.