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:
- Cabinet report - 2021-22 Budget and MTFS PDF 358 KB
- Appendix A - budget report by Directorate PDF 107 KB
- Appendix B - grants to voluntary groups 2021-22 PDF 146 KB
- Appendix C - Special Charge 2021-22 PDF 343 KB
- Appendix D - capital budget 2021-22 PDF 553 KB
- Appendix E - MRP policy 2021-22 PDF 147 KB
- Appendix F - capital strategy and prudential indicators 2021-22 PDF 379 KB
- Appendix G - New Homes Bonus 2021-22 PDF 487 KB
- Appendix H - Reserves 2021-22 updated PDF 318 KB
- Appendix I - Fees and charges from 1 April 2021 PDF 386 KB
- Appendix J - medium and long term indicative capital costs PDF 470 KB