Issue - meetings
BUDGET UPDATE, PROCESS AND TIMETABLE 2024/25
Meeting: 15/11/2023 - Cabinet (Item 3.)
3. BUDGET SETTING PROCESS AND TIMETABLE 2024/25 
PDF 187 KB
Division/Wards Affected: Whole Authority
Purpose:To set out an initial modelled budget shortfall of £14.4 million for financial year 2024/25 and to agree a budget setting process that will enable a balanced budget to be presented to Council in February 2024.
Author: Peter Davies, Deputy Chief Executive (Section 151 Officer)
Jonathan S. Davies, Head of Finance (Deputy Section 151 Officer)
Contact Details: peterdavies@monmouthshire.gov.uk
jonathandavies2@monmouthshire.gov.uk
Additional documents:
- 20231115 Cabinet - Budget update process and timetable - Appendix 1 - Budget planning framework (Final), item 3.
PDF 645 KB
- 20231115 Cabinet - Budget update process and timetable - Appendix 2 - Budget timetable (Final), item 3.
PDF 23 KB
Decision:
That Cabinet notes a modelled initial budget shortfall of £14.4 million to be addressed.
That Cabinet sets an expectation that the budget build for 2024/25 will recognise priorities set within the Community and Corporate Plan with reducing the impact of inequality on citizens and climate change on communities being central to all considerations.
That Cabinet adopts the budget planning framework and timetable outlined in Appendix 1 and 2.