Agenda item

Annex 1

 

BUDGET COUNCIL: 23 FEBRUARY 2024

AMENDMENT PROPOSED BY THE LABOUR GROUP TO THE 2024/25 BUDGET

 

(1)  Proposed amendments to the revenue budget

 

	2024/25 £m
Remove saving proposal GET007 – Pay and Display income (Investment included in 2024/25 budget and saving from 2025/26 onwards)	-0.975
Remove saving proposal GET008 – Young Persons Travel	0.155
Remove saving proposal GET009 – Discretionary Concessionary Travel (saving commences in 2025/26)	0.000
Increase saving proposal RES002 – Facilities Management – operational changes (increasing to £0.394m on 2025/26)	-0.145
Total cost of proposed amendments	-0.965

 

The additions to the revenue budget form a contribution to the transitional reserve in 2024/25, with the recurrent impact (a cost of £0.397m) reflected from 2025/26 in the medium-term financial strategy.

 

(2)  Proposed additions to the capital programme

 

	2024/25 £m
Accelerate the movement to additional in house provision for the care of looked after children	5.000
Develop fund to support district councils looking to develop assisted housing for older people	20.000
"One off" fund to address most urgent highways repairs	10.000
Total	35.000

 

The additions to the capital programme are all to be funded from the transitional reserve.

 

View of the Executive Director of Resources (S151)

 

The proposals have been validated as being deliverable financially in 2024/25.

 

In validating the proposals, I have been mindful that:

 

• The proposed amendments to the revenue budget in 2024/25 of £0.965m, if agreed, would result in the removal of the £0.856m revenue funding gap and a small contribution of £0.109m being made to the transitional reserve. The recurrent impact of the proposals from 2025/26 is an additional cost of £0.397m and would be built into the medium-term financial strategy, resulting in a gap in 2025/26 of £10.885m and in 2026/27 a gap of £3.748m.

 

• The funding to support the capital programme can be met from the transitional reserve, as a one-off contribution of £35m.

 

The transitional reserve is currently forecast to be £165.198m at 31^st March 2024. The transitional reserve is sufficient to support the structural deficit for 2024/25 – 2026/27 with a revised forecast level of £123.002m at 31^st March 2027.

 

In the intervening period the council will need to take steps to address the structural deficit to ensure it can maintain a sustainable financial position.

 

Annex 2

 

BUDGET COUNCIL: 23 FEBRUARY 2024

 

AMENDMENT PROPOSED BY THE LIBERAL DEMOCRAT GROUP TO THE 2024/25 BUDGET

 

 

Proposed amendments to the revenue budget

  £m

 

Youth worker provision - 6 additional permanent youth    0.297

workers and a 7th senior youth worker

 

Parking enforcement - 12 street enforcement officers    0.357

(1 in every district)

 

Tree Planting (£2,500 per division)  0.210

 

Total cost of proposed amendments:  0.864

 

The additions to the revenue budget to be funded from the Transitional Reserve.

 

 

Proposed amendments to the capital programme

  £m

 

Reduce the intervention level by half for works to be

undertaken on potholes from 40mm to 20mm  4.500*   

Total cost of proposed amendments:  4.500

*Recurrent adjustment

 

The additions to the capital programme are all to be funded from the transitional reserve.

 

View of the Executive Director of Resources (S151)

 

The proposals have been validated as being deliverable financially in 2024/25.

 

In validating the proposals, I have been mindful that:

 

• The additions to the revenue budget in 2024/25 of £0.864m, can be funded from the Transitional Reserve.

 

• The funding in 2024/25 for the capital programme of £4.500m, can be funded from the Transitional Reserve.

 

 

• The recurrent costs of £5.364m would need to be built into the medium term financial strategy from 2025/26, resulting in a revised budget deficit of £15.852m in 2025/26 and £8.715m in 2026/27. 

 

The transitional reserve is currently forecast to be £165.198m at 31^st March 2024 and reduce to £157.831m by 31 March 2027.  The impact of this amendment would be to reduce the transitional reserve to £141.739m at 31^st March 2027.  The transitional reserve is sufficient to support the structural deficit for the next 3 financial years.

 

In the intervening period the council will need to take steps to address the structural deficit to ensure it can maintain a sustainable financial position.

 

Annex 3

 

BUDGET COUNCIL: 23 FEBRUARY 2024

 

AMENDMENT PROPOSED BY THE GREEN GROUP TO THE 2024/25 BUDGET

 

 

(3)  Proposed amendments to the revenue budget

  £m

 

Increased budget for on-site feasibility studies for renewables  0.040

(solar PV, wind etc.) on Lancashire County Council land including

landfill sites.

 

Total cost of proposed amendments:  0.040

 

The additions to the revenue budget to be funded from the Transitional Reserve.

 

Note:

 

Additional budget to carry out on-site feasibility studies for renewables (including PV and wind) on LCC owned land across the county. On-site studies will build on desk-top feasibility studies that have already been undertaken. On-site studies on LCC land sites would be carried out in partnership with Asset, Estates and Scientific Services and should include some, if not all of the 23 land-fill sites across the County that are currently under structural review.

 

View of the Executive Director of Resources (S151)

 

The proposals have been validated as being deliverable financially in 2024/25.

 

In validating the proposals, I have been mindful that:

 

• This is non-recurrent additional cost to the revenue budget in 2024/25 of £0.040m, can be funded from the Transitional Reserve.

 

The transitional reserve is currently forecast to be £165.198m at 31^st March 2024. The transitional reserve is sufficient to support the structural deficit for the next 3 financial years with a revised forecast level of £157.791m at 31^st March 2027 (following the inclusion of this proposal).

 

In the intervening period the council will need to take steps to address the structural deficit to ensure it can maintain a sustainable financial position.