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Decision details
Revenue Budget 2020/21 Revised and 2021/22, plus Capital programme 2021/22 - 2023/24
Decision Maker: Cabinet, Full Council
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
Report presents the Revenue Budgets 2020/21 revised and 2021/22, plus Capital Programme 2021/22- 2023/24
Decision:
Cabinet recommends that full Council:-
(i) Approve the revised revenue budget for 2020/21 (Appendix A).
(ii) Approve the draft 2021/22 revenue budget (Appendix A)
(iii) Approve a 1.99% increase in the Borough Council's part of the Council Tax.
(iv) Agree that car parking charges remain frozen for 2021/22
(v) Agree that the absolute minimum level of reserves that shall be retained be £6m (plus General Fund Balance).
(vi) Approve the Capital Programme 2020/21 (revised) to 2023/24 (Appendix P).
(vii) Approve the proposed expenditure from the Renewal and Repairs Reserve, and Information Technology Reserve (Appendices J and I respectively) and those items from other reserves shown in Appendix H that can proceed without further reference to Cabinet or Council.
(viii) Approve that the use of the monies in the budget and Reserves for "Invest to Save" schemes be determined by the Chief Finance Officer in consultation with the Leader of the Council.
(ix) Agree that the Council does not seek to undertake any capital project/scheme purely for yield that would prevent the Council from borrowing either commercially or from the PWLB.
(x) Approve the revised Land and Property Disposal Programme (Appendix L) and agree that disposals can be brought forward if market conditions make it sensible to do so.
(xi) Agree that where a Capital scheme involves a net increase in overall revenue costs to the Council, or where any guarantee is to be provided which does, or could, incur costs for the Council, such decisions continue to be made by full Council.
(xii) Agree that, no Council properties or land be disposed of, either by sale or long leasehold, at less than market value without further express approval by Full Council.
(xiii) Agree that schemes marked with an asterisk in the Capital Programme can proceed without further reference to Cabinet or Council.
(xiv) Agree that work on Priority Income and Efficiency Reviews (PIER) through the Strategic Oversight and Planning Board should continue, and where possible identify a sustainable budget for a period in excess of one year. A mid-year review, for members and officers, to be undertaken in the light of the continuing severe financial pressures.
(xv) Approve the detailed recommendations in Appendix M, which relate to the setting of Council Tax in accordance with Sections 31 to 36 of the Local Government Act 1992 (Appendix M – to be provided/updated for full Council).
(xvi) Approve that the budget be amended as necessary to reflect the final grant figures including Disabled Facility Grants - once received.
(xvii) Full Council adopt the existing Council Tax Support scheme subject to amendments to allowances in line with national changes. Determination of the allowances to be delegated to the Chief Finance Officer in line with prior year practice.Report author: Karen Williams
Publication date: 09/02/2021
Date of decision: 08/02/2021
Decided at meeting: 08/02/2021 - Cabinet
Accompanying Documents:
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