Decision details

Budget 2019/20 and the Medium Term Financial Strategy to 2022/23

Decision Maker: Cabinet, Council

Decision status: Recommmend Forward to Council

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Policy Development Advisory Group

7 January 2019

Decision:

            RECOMMENDED

 

(i)         That the level of Council Tax for 2019/20 be increased from £145.60 by £3.93 (2.7%) to £149.53 at Band D.

 

(ii)        That the net revenue budget for 2019/20 of £10.435m be approved (Appendix A to the report).

 

(iii)       That Special Expenses of £299,140 (Appendix D to the report) and a Band D charge of £25.46 be agreed in respect of the unparished area for 2019/20.

 

(iv)       That the capital programme for 2019/20 (Appendix E to the report) be approved, subject to the overall budget for Highwood Community Centre being increased from £1,500,000 to £2,000,000, and that the indicative capital budgets in the programme for future years be noted.

 

(v)        That the projected future balanced budgets on the revenue account in 2021/22 and 2022/23 be noted and the Medium Term Financial Strategy continues to be reviewed and refined to ensure that decisions are taken to deliver these balanced budgets in these two years.

 

(vi)       That the Minimum Revenue Provision (MRP) Statement set out in Appendix F to the report be approved.

 

(vii)      That the Capital Strategy and prudential indicators and limits for 2018/19 to 2021/22 set out in Appendix G to the report be approved.

 

(viii)     That the statement on the robustness of the level reserves in Appendix I to the report be noted.

 

 

REASON

 

To meet the Council’s statutory requirement to approve the budget and the prudential indicators before the start of a new financial year.

 

Report author: Jane Eaton

Publication date: 25/01/2019

Date of decision: 24/01/2019

Decided at meeting: 24/01/2019 - Cabinet

Accompanying Documents: