The Committee gave consideration
to a report providing an update to the budget outlook covering the period
2024-25 to 2028-29, previously reported to the Policy and Resources Committee
on 12 October 2023.
Decision
The Policy and Resources
Committee –
1. noted the current estimated budget outlook position for the period
2024-25 to 2028-29;
2. agreed to recommend to Council that the utilities budgets are
right sized by utilising £0.936m of the £1.4m contingency that was set aside
for inflationary increases as part of the 2023-24 budget setting process;
3. agreed to recommend to Council that the shortfall in the teachers pay award funding is met by utilising £0.080m of
the £1.4m contingency that was set aside for inflationary increases as part of
the 2023-24 budget setting process; and
4. noted that 51³Ô¹ÏÃâ·ÑApp and Bute Council were selected as a Scottish
Local Authority for a Levelling Up Partnership (LUP) with the UK Government and
will therefore receive up to £20 million to address specific local challenges
and opportunities.
(Reference: Report by Section 95 Officer dated 7 November 2023,
submitted)