12. Medium Term Financial Plan and Budget 2026/27
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To submit the report of the Director of Function (Resources)/Section 151 Officer.
Additional documents:
Decision:
It was resolved –
· To recommend to the Full Council that it accepts the draft revenue budget as proposed and increases the Council Tax Band D charge by 5.1%, taking the charge for 2026/27 to £1,792.98, noting that a formal resolution, including the North Wales Police and Town/Community Council precepts, will be presented to the Council on 5 March 2026.
· To note the Section 151 Officer’s recommendation that the Council should maintain a minimum of £10.4m general balances.
· To note the comments made by the Section 151 Officer on the robustness of the estimates made, as set out in section 5 of Appendix 1 to the report.
· To authorise the Section 151 Officer to make such changes as may be necessary before the submission of the final proposals to the Council.
· To agree that any unforeseen pressures on demand led budgets during the financial year will be able to draw upon funding from the general contingencies budget.
· To request the Council to authorise the Executive to release up to £250k from general balances if the general contingencies budget is fully committed during the year.
· To delegate to the Section 151 Officer the power to release funding from the general contingency up to £50k for any single item. Any item in excess of £50k not to be approved without the prior consent of the Executive.
· To confirm that the level of Council Tax Premium for second homes and empty homes is maintained at 100%.