Issue - meetings
Budget proposals 2021/22
Meeting: 11/02/2021 - Executive (Item 785)
785 Budget Proposals 2021/22 and Medium Term Financial Strategy PDF 330 KB
Additional documents:
- Appendix A - GF MTFS 2021-24, item 785 PDF 159 KB
- Appendix B - Savings Proposals, item 785 PDF 176 KB
- Appendix C1-5 - Fees & Charges 2021-22, item 785 PDF 3 MB
- Appendix D1-2 - HRA MTFS Fees and Charges, item 785 PDF 380 KB
- Appendix E1 - Capital Programme, item 785 PDF 439 KB
- Appendix E2 - Capital Strategy 2021-22, item 785 PDF 427 KB
- Appendix E3 - MRP Statement 2021-22, item 785 PDF 359 KB
- Appendix E4 - Treasury Management Strategy 2020-21, item 785 PDF 965 KB
- Appendix E5 - Investment Strategy 2021-22, item 785 PDF 381 KB
- Appendix F - Budget EQIA, item 785 PDF 682 KB
- Appendix G - Annual Pay Policy Statement, item 785 PDF 236 KB
Decision:
AGREED RECOMMENDATIONS
Reasons for decision – as specified in the report
Other options considered – as specified in the report
Conflicts of interest / dispensations granted – none
Minutes:
RESOLVED:
The General Fund Budget 2021/22 and MTFS (Section 3)
a) That the latest assumed MTFS and balanced 2021/22 budget, including the underlying principles and assumptions, be approved and recommended to Council (Paragraphs 3.1-3.30, Table 1 and Appendix A of the report)
b) That the unprecedented level of uncertainty in the estimates due to COVID-19 and the wider local government funding outlook be noted. (Paragraphs 3.31-3.41 of the report)
c) That the proposed 2021/22 net budgets by directorate be approved and recommended to Council. (Paragraph 3.5, Table 2 and Appendix A of the report)
d) That the 2021/22 savings, which in some cases remain subject to consideration of individual consultations before implementation, be approved and recommended to Council. (Paragraphs 3.42-3.45, Table 6 and Appendices B1-B2 of the report)
e) That the Dedicated Schools Grant (DSG) settlement for 2021/22 and related funding assumptions be noted. (Paragraphs 3.46-3.55 of the report)
f) That the fees and charges policy and the GF fees and charges for 2021/22 be approved. (Paragraphs 3.56-3.63 and Appendices C1-C5 of the report)
g) That the policy on GF contingency and reserves, including the target level of GF balances be approved and recommended to council, and the movements to/from earmarked reserves assumed as part of the 2021/22 revenue budget be agreed. (Paragraphs 3.64-3.72 and Table 7 of the report)
h) That the Section 151 Officer be delegated responsibility for any technical adjustments required to be made to the 2021/22 budget (in line with the council’s Financial Regulations) be approved and recommended to Council.
i) That centrally held demographic growth be allocated to service budgets if and when the need materialises and approved by the Section 151 Officer be approved and recommended to Council (Paragraph 3.9 of the report)
The HRA Budget and MTFS (Section 4)
j) That the balanced HRA 2021/22 budget be approved and recommended to Council, and the latest estimates over the 3-year MTFS period be noted. (Paragraphs 4.1-4.3, Table 8 and Appendix D1 of the report)
k) That the HRA rents and other HRA fees and charges for 2021/22, that are unchanged from those approved by the Executive on 21 January 2021, be noted. (Paragraphs 4.4-4.30, Tables 9-12 and Appendix D2 of the report)
Capital Investment and Treasury and Investment Management (Section 5)
l) That the proposed 2021/22 to 2023/24 capital programme, including investment in projects related to the council’s net zero carbon priority, be approved and recommended to Council, and the latest indicative capital programme for 2024/25 to 2030/31 be noted. (Paragraph 5.1-5.5, Table 13 and Appendix E1 of the report)
m) That the estimated funding of the 2021/22 to 2023/24 capital programme be noted, and to authority be delegated to the Section 151 Officer, where necessary, to apply capital resources to fund the capital programme in the most cost-effective way for the council. (Paragraphs 5.6-5.7 and Table ... view the full minutes text for item 785