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Contact: William Ward Council Governance Officer
Declarations of Interests
To receive any declarations of interest of a pecuniary or non-pecuniary nature from Members in respect of the items on this agenda.
Suspension of Standing Orders
To consider suspending Standing Order No 13(5) in respect of the consideration of the Budget insofar as it relates to restrictions on Members speaking more than once.
To consider the following recommendations for the Cabinet meeting held on the 10th February, 2021. The Cabinet Spokesperson with the Portfolio for the services in question will respond to any comments or amendments concerning these minutes.
A) 2021/22 BUDGET RECOMMENDATIONS
RECOMMENDED TO COUNCIL
a) that the report of the Service Director Finance (S151 Officer), under section 25 of the Local Government Act 2003 at Section 1 be noted, that the 21/22 budget proposals be agreed and that the Chief Executive and Senior Management Team (SMT), in consultation with Cabinet Spokespersons, submit, for early consideration, detailed plans from ‘Our Be Even Better Strategy’ that ensure the Council’s ongoing financial sustainability in 22/23 and beyond;
b) that the revised Medium Term Financial Strategy (MTFS) and Budget Forecast for 21/22 to 23/24 contained at Section 3 (supported by the suite of background papers in Sections 3a – 3f) be noted and monitored as part of the arrangements for the delivery of the MTFS;
c) that the specific ongoing investment in relation to the Glassworks and the resources set aside to address the anticipated ongoing service pressures caused by COVID 19 highlighted in Section 2 are considered and approved;
d) that the proposed efficiency savings in 21/22 highlighted in Section 3 and detailed at Section 5a be approved for implementation and that the 22/24 efficiency savings stemming from ‘Our Be Even Better Strategy’ at Section 5b be noted with final approval to take place as part of the 22/23 budget setting process;
e) that the £12.7M of one-off resources identified following the 21/22 local
government finance settlement highlighted in Section 3 be set aside to support the ongoing COVID recovery and to provide additional financial resilience to deal with any challenges posed by the UK’s exit from the European Union;
f) that the Council’s updated reserves position at Section 3c be noted;
g) that the Capital Investment Strategy at Section 3d be approved;
h) that the proposed changes to the 21/22 fees and charges policy and accompanying schedule of charges set out at Section 3f be approved;
i) to submit to Council for approval the cash limited budgets for each service with overall net expenditure for 21/22 of £186.2M as highlighted in Section 6a;
j) to consider the budgets for all services and approve, for submission into Council, the 21/22 – 23/24 budget proposals presented at Sections 6a – 6c, subject to Cabinet receiving detailed implementation reports where appropriate;
k) to consider and approve the changes to the schools funding formula including the transfer of funding from the schools block to the high needs block and approve the proposed 21/22 schools block budget as set out at Section 6d;
l) that the capital investment schemes totalling £6.8M (Section 7 Appendix 1), be included within the capital programme and released subject to receiving further detailed business cases where appropriate;
m) to note the capital investment proposals of £116.6M (Section 7 Appendix 2) which are currently the subject of live external funding bids/specific Government announcements and thereafter to receive regular updates on their progress;
n) that the capital investment proposals totalling £96.4M (Section 7 Appendix 3) be progressed for further detailed feasibility work/business case development;
o) that the Aggregated ... view the full agenda text for item 3.