DN 05/06/2024-01 – 2024/25 Fire Budget, Medium Term Financial Plan and Associated Papers

Following a public consultation, the Police, Fire and Crime Commissioner Fire and Rescue Authority for North Yorkshire proposed a £2.41, or 2.99%, increase of the fire precept, for a Band D property, to the Police, Fire and Crime Panel. This proposal was supported by the Panel and subsequent to this the 2024/25 budget process has been concluded and the papers attached to this paper provide the detail of the financial plans for 2024/25 and beyond.

Background

This is a Decision Notice outlining the PFCC’s Fire Budget and Capital Plans for 2024/25 and the Medium Term Financial Plans to 2027/28.

There is a legal requirement for the PFCC to set a budget prior to the 1^st March each year for the following financial year. Approving this Decision will ensure that the PFCC’s obligations in this area are met for 2024/25.

The Revenue Budget for 2024/25 is based on the approved £2.41 or 2.99% increase in precept for a Band D property for 2024/25 and sets out how the £45,180k of revenue funding to be received by the PFCC in 2024/25 will be spent. The decision also sets out a capital programme of £8,078k for 2024/25 and provides details of how this will be spent.

To support this decision are the following attached papers:

• 2024-25 Budget and Capital Programme and MTFP to 2027/28 (Fire) Medium Term Financial Plan-MTFP- 2024-25 to 2027-28 and Capital Plans 2024-25 to 2027-28 -North Yorkshire Fire
  • This report includes the Reserves Strategy at Appendix B
• Annual Treasury Management Strategy TREASURY MANAGEMENT STRATEGY STATEMENT
  • This report includes the Annual Investment Strategy; a Minimum Revenue Provision Policy; a Capital Strategy

Decision Record

It is recommended, by the PFCC’s Chief Finance Officer, that the PFCC approves the Budget and Capital Plans for 2024/25 as attached to this Decision along with the Medium Term Financial Plans to 2027/28. In approving this decision the Commissioner is agreeing to the allocation of resources set out within this decision and the associated appendices, and also the detailed recommendations contained within all of the attached papers.

Zoe Metcalfe

Police, Fire and Crime Commissioner for North Yorkshire

Statutory Officer Advice

Legal, Management and Equality Implications

The PFCC’s CEO and Monitoring Officer has advised that all legal and management issues have been addressed; there are no equality implications arising from these plans.

Financial and Commercial

The PFCC’s Chief Finance Officer and S151 Officer has recommended that the PFCC approves the Budget and Capital Plans for 2024/25 as attached to this Decision along with the Medium Term Financial Plans to 2027/28. In doing so the PFCC will have set a balanced medium term financial plan.