Venue: Council Chamber, Civic, 1 Saxon Gate East, Milton Keynes, MK9 3EJ
Contact: Roslyn Tidman Email: democracy@milton-keynes.gov.uk
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Apologies To receive any apologies. |
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Cabinet Announcements To receive any announcements from the Leader and members of the Cabinet.
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Disclosures of Interest Councillors to declare any disclosable pecuniary interests, other registerable interests, or non-registerable interests (including other pecuniary interests) they may have in the business to be transacted, and officers to declare any interests they may have in any contract to be considered. |
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To approve, and the Chair to sign as a correct record, the Minutes of the meeting of Cabinet held on 3 December 2024. Decision: RESOLVED: That the Minutes of the meeting of the Cabinet held on 3 December 2024 be approved and signed by the Chair as a correct record. |
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Questions from Members of the Public To receive questions from members of the public of which notification has been received. |
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Councillors' Items To receive any Councillors’ Items. |
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Councillors' Questions Councillors to ask questions of the Leader of the Council or a Cabinet member on issues within their Portfolio (15 minutes). |
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References from Other Bodies To consider referrals and their responses. |
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Policy Performance and Scrutiny Management Committee - 26 November 2024 Decision: RESOLVED: That the referral and the written response be noted. |
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To consider a report on the Quarter 3 Forecast Outturn, 2024/25. Additional documents:
Decision: RESOLVED: 1. That the GFRA forecast outturn of £2.240m against budget be noted, together with the management action plan set out in the report. 2. That the Dashboards to support the period 9 position be noted, which is set out in Annex A of the report. 3. That the reserves position as detailed in Annex B of the report are noted. 4. Cabinet approved the additions and amendments to resource allocation and spend approval for the 2024/25 capital programme set out in Annex C of the report. 5. Cabinet noted the forecast outturn position on the 2024/25 Capital Programme as an underspend of (£0.879m) after slippage of £42.988m as detailed in Annex D of the report. 6. That the Treasury Management report including prudential indicators, as detailed in Annex E of the report is referred to Council for approval. 7. That the virements to the original budget as detailed in Annex F of the report are approved. 8. Cabinet approved the additions and amendments to resource allocation and spend approval for the 2024/25 Tariff programme set out in Annex G of the report. 9. Cabinet approves the Debt Write-off exceeding £50k as outlined in paragraph in 2.3 of the report. |
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Council Budget 2025/26 To consider the Council Budget for 2025/26. Additional documents:
Decision: RESOLVED: 1. Cabinet noted and supported the following recommendations to Council: a) The Council has consulted on its draft budget proposals and a summary of these responses are included at Annex A for Cabinet to consider before agreeing its recommendations to Council. b) Cabinet notes the report and recommendations from the Budget and Resources Scrutiny Committee at Annex B and considers these as part of its final recommendations to Council. c) That the Revenue Budget for 2025/26 totalling £270.178m be approved (Annex I). d) That the Council Tax Band D of £1.759.72 for the Milton Keynes element of Council Tax, be approved. This is a 4.99% increase on the previous year (2.99% on the main element plus a 2.00% Adult Social Care Precept); e) That the Council Tax requirement for the Council’s own purposes for 2025/26 (excluding parish precepts) of £175.329m, be approved. f) That the position for the Dedicated Schools Grant of £407.174m and the Schools funding block for 2025/26 be noted and the budget and formula allocations for the High Needs Block and Early Years Block be approved (para 3.48 – 3.53). g) That the parking account estimate for 2025/26 and use of the surplus be approved. (Annex J) h) That the Housing Revenue Account Budget for 2025/26 be approved (para 3.42 to 3.47 and Annex K). i) That increases to housing rents are set at 2.7% for tenants (an average increase of £2.85 per week) and 7.7% for shared owners (an average increase of £7.35 per week), the maximum level allowable under the Rent Standard (CPI + 1%) (para 3.44) be approved as per Annex K. j) Garage rents are not increased for 2025/26 as per Annex K. k) Housing Revenue Account service charges be approved (Annex K3). l) The Rent and Service Charge Policy be approved. (Annex K4). m) That the fees and charges for 2025/26 (including those fees and charges which are exceptions to the Income and Collection Policy) be approved. (Annex F) n) That the Capital Strategy be approved. (Annex L) o) That the Capital Programme for 2025/26 to 2029/30 be approved. (Annex M) p) That the resource allocation for the 2025/26 Tariff Programme be approved. (Annex N) q) That the Treasury Management Strategy for the 2025/26 to 2028/29 and the Treasury Policy Statement, including the Minimum Revenue Provision Policy, Borrowing Limits be approved. (Annex O) r) That the financial forecast set out in the Medium Term Financial Plan (MTFP), in relation to both the resources and expenditure, be approved. (Annex T). 2. Cabinet is asked to note and support the following recommendations: a) The Housing Rent Affordability and Market Context Report be noted. (Annex K2). b) That the equalities impact assessments for the Budget Reduction proposals, as set out in Section 4 be noted. |