Agenda and decisions

To receive any declaration of interest from any Member or Officer in respect of any item of business.

No urgent matters at the time of dispatch of this agenda.

To submit the report of the Director of Function (Resources)/Section 151 Officer.

It was resolved to note the Treasury Management Strategy for 2025/26 and to recommend its approval by the Full Council.

To submit the report of the Director of Function (Resources)/Section 151 Officer.

It was resolved –

·      To utilise the additional funding resulting from Welsh Government’s final settlement to amend the initial draft budget proposal as follows –

-       Not to implement the proposal to begin making a service charge for industrial and business units in 2025/26

-       Not to implement the proposal to reduce the combined number of days that the Council’s recycling centres are open in 2025/26

-       To reduce the increase in Council Tax by 1% to 8.5% (7.85% for Council Services and 0.65% for the Fire Levy)

-       To allocate £217k to meet future costs of replacing IT equipment schools

·      To note the Section 151 Officer’s recommendation that the Council should maintain a minimum of £9.75m 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 of the report.

·      To recommend a final net budget for the County Council of £195.443m and resulting increase in the level of Council Tax of 8.5% (7.85% for Council Services and 0.65% for the Fire Levy) noting that a formal resolution, including the North Wales Police and Town/Community Council precepts will be presented to the Council on 6 March 2025.

·      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%.

To submit the report of the Director of Function (Resources)/Section 151 Officer.

It was resolved to recommend to the Full Council the following

capital programme for 2025/26 –

                                                                                                          £’000  

2024/25 Schemes Brought Forward – General Fund           6,439

Refurbishment/Replacement of Assets                                   6,304

Heating System upgrades Low Carbon Heat grant

funding                                                                                             4,463

Communities for Learning                                                             152

Flood Relief Scheme                                                                        330

Holyhead: A Culture and Heritage Driven

Transformation                                                                               4,367

Economic Development Sites and Premises                            200

Waste Infrastructure                                                                     1,445

Housing Revenue Account                                                      20,594

Total Recommended Capital Programme 2025/26            44,294

Funded By:

General Capital Grant                                                                   2,661

Supported Borrowing General                                                   3,118

Communities for Learning Unsupported Borrowing              152

Capital Receipts Reserve                                                               500

Earmarked Reserves                                                                    1,160

Welsh & UK Government Grants                                            14,816

Unsupported Borrowing – General Fund                                1,293

HRA Revenue Account Surplus                                                5,488

HRA External Grants                                                                     4,483

HRA Unsupported Borrowing                                                 10,623                                                                                                 

2025/26 Total Capital Funding                                                44,294