Decision - General Fund Budget Planning and Resource Update 2024/25

Brighton and Hove Strategy, Finance & City Regeneration Committee Decided 13 Jul 2023 approved GET /api/coverage

Decision maker

Strategy, Finance & City Regeneration Committee

Report author

James Hengeveld

Published

25 Jul 2023

Reference

6993

As published

the council's own words, unedited

Update on the councils projected resources for 2024/25 and budget planning process

The Strategy, Finance & City Regeneration Committee: 1) Note the potential funding and net expenditure projections for 2024/25. 2) Note the Medium Term financial projections for 2024/25 to 2027/28 and the predicted budget gaps over the period. 3) Note the proposed budget development approach and that officers will use this to develop 4-year medium-term service and financial plans and proposals for Budget Council consideration, including specific budget proposals to manage the identified budget shortfall in 2024/25.

Parsed from the document

gpt-5.6-luna-2026-07-09 · 15065/2223 tokens · 13540ms · parsed 9 Sep 2026 12:03

Everything below was read out of a PDF by a model It is useful and it is not authoritative. The document it came from is linked in the rail, and where the two disagree the document is right.

The report provided an early update on Brighton & Hove City Council’s financial position and preparation for the 2024/25 budget and four-year medium-term financial plans. It identified a projected 2024/25 budget gap of £25.306 million and total predicted gaps of £73.337 million through 2027/28, requiring savings, efficiencies, income generation and demand-management proposals.

Recommendation

The committee was recommended to note the potential funding and net expenditure projections for 2024/25, note the medium-term financial projections and predicted budget gaps for 2024/25 to 2027/28, and note the proposed budget development approach for preparing four-year service and financial plans and budget proposals.

Financial impact

Projected 2024/25 budget gap of £25.306 million; predicted budget gaps total £73.337 million for 2024/25 to 2027/28. The report also identifies £6 million in Working Balance, £31 million in earmarked reserves and a potential one-off requirement of at least £0.500 million for diseased tree management.

Ward affected

city-wide

Decision maker

Strategy, Finance & City Regeneration Committee

Date in document

13 Jul 2023

Stakeholders named

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Council staffunionspartnersservice usersresidentscommunity and voluntary sectortenantsleaseholdersschoolsAdult Social Care service usersChildren’s Social Care service usershomeless people and rough sleepers

Next steps

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Officers will develop four-year medium-term service and financial plans.
Executive Leadership Team and Directorate Management Teams will develop savings, cost-reduction and demand-management proposals.
The capital programme will be reviewed for affordability, deliverability and alignment with council priorities.
Consultation and engagement will be developed with staff, unions, partners, service users, residents and the community and voluntary sector.
Updated budget and medium-term financial strategy reports will be considered by the Strategy, Finance & City Regeneration Committee on 8 February 2024.
Budget Council is scheduled to approve the 2024/25 General Fund and Housing Revenue Account budgets on 22 February 2024.

Precedents

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