Decision details

The 2021/22 Budget and the Medium Term Financial Strategy to 2024/25

Decision Maker: Cabinet, Council

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

RECOMMENDED TO COUNCIL

 

i)          That the level of Council Tax for 2021/22 increases from £152.52 by £5 (3.28%) to £157.52 at Band D.

(ii)        That the net revenue budget set out in Appendix A for 2021/22 of £13.039m is approved.

(iii)       That Special Expenses of £309,920 set out in Appendix C and a Band D charge of £26.01 are agreed in respect of the unparished area for 2021/22. 

(iv)       That the capital programme for 2021/22 set out in Appendix D be approved and that the indicative capital budgets in the programme for future years be noted.

(v)       That the projected future budgets on the revenue account in 2022/23 to 2024/25 are noted and the Medium Term Financial Strategy continues to be reviewed and refined to ensure that decisions are taken to set balanced budgets in these three years.

(vi)       That the Minimum Revenue Provision Statement set out in Appendix E is approved.

(vii)      That the Capital Strategy, Treasury Strategy, Investment Strategy and prudential indicators and limits for 2020/21 to 2023/24 set out in Appendix F are approved.

(viii)     To note the statement on the robustness of the level of reserves in Appendix H.

(ix)       That the increases to fees and charges set out in Appendix I are approved.

 (x)      Delegate to the Director of Community Services in consultation with the relevant Cabinet lead temporary changes to fees and charges in the form of offers and incentives during the year.

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: 29/01/2021

Date of decision: 28/01/2021

Decided at meeting: 28/01/2021 - Cabinet

Accompanying Documents: