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Details
Title:
Section 151 Officer Update on the Financial Position of the Council – November 2024 & General Fund Medium Term Financial Plan Update
Include item on Forward Plan/ Key Decision
Yes
Item Contains Exempt/Private Reports
No
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of Director of Finance and S151 Officer
Implementation Date (not before meeting on)
Tue 12 Nov 2024
Purpose
The Council needs to ensure that it has an up to date and robust plan for how it will manage its finances and maintain financial viability across the medium term. This report is part of the process of doing so. It provides an update to Cabinet on the latest Medium Term Financial Plan (MTFP) position.
Chief Officer Decision Maker
------ N/A ------
Decision Outcome
On 12 November 2024, Cabinet:-
- Noted the updates provided on the Budget Statement announced on 30th October 2024 as they relate to Birmingham City Council (Section 4, to the report);
- Noted the updates provided on the Financial Position of the General Fund for the in-year 2024/25 (Section 5, to the report);
- Noted the updates provided on the Medium-Term Financial Plan process (Section 6, to the report);
- Approved the proposed increases to fees and charges within the current financial year, to take effect on 1 January 2025, for those where Cabinet has delegation to approve (Section 7, to the report); and
- Delegated authority to the Corporate Leadership Team (CLT) to complete all preparatory work necessary to deliver the General Fund savings programme for the 2025/26 financial year. This is to include, but is not limited to, commencement of employment consultation, developing detail for the delivery of the proposed savings, and engaging with the public, stakeholders and service users. This is with the acknowledgement that the proposed savings are subject to consideration as part of the Council’s annual budget and Council Tax setting process, due to be presented to Cabinet on 11th February 2025 and City Council on 25th February 2025.
THIS DECISION IS NOT SUBJECT TO CALL IN
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Additional Information
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
This Decision does not contain any Ward records.
Topics
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Overview and Scrutiny
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Decision History
29/05/2024 10:36:38 | Nadeem Afzal | Business Item Created | |
29/05/2024 10:36:38 | Nadeem Afzal | Committee Added | Cabinet |
29/05/2024 10:38:03 | Nadeem Afzal | Contacts Edited | |
14/06/2024 12:16:24 | Nadeem Afzal | Meeting Added | 15/10/2024 10:00AM |
14/06/2024 12:16:39 | Nadeem Afzal | Status Changed | Decision Proposed [2] |
19/09/2024 15:28:52 | Errol Wilson | Meeting Deleted | 15/10/2024 10:00AM |
19/09/2024 15:28:59 | Errol Wilson | Meeting Added | 12/11/2024 10:00AM |
19/09/2024 15:29:27 | Errol Wilson | General Details Edited | |
14/10/2024 11:28:16 | Errol Wilson | General Details Edited | |
14/10/2024 13:06:00 | Mandeep Marwaha | General Details Edited | |
Approval/Comments
No history found.