Issue - meetings

AGREED RECOMMENDATIONS

Reason for decision – as specified in the report.

Other options considered - none.

Conflicts of interest/dispensations granted – none.

Link to the report

RESOLVED:

The General Fund Budget 2020/21 and MTFS (Section 3)

1.1        That the assumed MTFS and budget gap, subject to the comments of the Acting Section 151 Officer in Section 7 regarding the additional medium-term budget risks that are not currently factored into the budget gap (paragraph 3.6, Table 1 and Appendix A of the report) be noted.

1.2        That the revised 2020/21 to 2022/23 savings and income generation programme (paragraph 3.18 and Appendix B of the report) and the revenue budget growth and additional/expanded service provision funded from existing budgets and external funding (paragraphs 3.22-3.23, Table 5 and Appendices C1-C2 of the report) be agreed and recommended to Council.

1.3        That there are significant risks around the savings currently assumed in the MTFS and that a risk-based review of all assumed savings is currently underway and will feed into the next refresh of budget assumptions at the outset of the 2021/22 budget setting process (paragraphs 3.19-3.21 of the report) be noted.

1.4        That the 2020/21 net budgets by directorate (paragraph 3.24, Table 7 and Appendix A of the report) be agreed and recommended to Council.

1.5        That the variables that could still significantly affect the 2020/21 budget (paragraph 3.25 of the report) be noted.

1.6        That the Dedicated Schools Grant (DSG) settlement for 2020/21 and related funding assumptions (paragraphs 3.26-3.33 of the report) be noted.

1.7        That the 2020/21 fees and charges (paragraphs 3.34-3.36 and Appendices D1-D4 of the report) be noted.

1.8        That the budgeted movements to/from earmarked reserves assumed as part of the 2020/21 revenue budget and to note the policy on the minimum target level of General Fund balances (paragraphs 3.38-3.40 and Table 8 of the report) be agreed.

1.9        That if there any advantageous changes to 2020/21 budget assumptions before finalising the budget report to Council on 27 February 2020 and/or an overall underspend on the General Fund budget at the end of the current 2019/20 financial year, that this should be used to increase the corporate contingency budget and/or General Fund balances (paragraph 7.11 of the report) be agreed and recommended to Council.

The HRA Budget and MTFS (Section 4)

1.10     That the balanced HRA 2020/21 budget and note the latest estimates over the 3-year MTFS period (paragraph 4.3 and Appendix E1 of the report) be agreed.

1.11     That the 2020/21 HRA rents and other fees and charges (Tables 10-13 and Appendix E2 of the report) be agreed.

1.12     Capital Investment and Treasury and Investment Management (Section 5)

1.13     That the 2020/21 to 2022/23 capital programme (Paragraph 5.1, Table 14 and Appendix F of the report) be agreed and recommended to Council.

1.14     That further work will be required to allocate the additional capital investment pot and that a revised capital programme will be set out in a report to Council during 2020/21 (Paragraph 5.4 of the report) be noted.

1.15     To authority be delegated to the Section 151 Officer, where necessary, to apply capital resources to fund the capital programme in the most  ...  view the full minutes text for item 688