50 BCa/20/19 DRAFT GENERAL FUND BUDGET 2021/22 AND FOUR-YEAR OUTLOOK PDF 668 KB
Cabinet Member for Finance
Decision:
It was RESOLVED
1.1 That the draft General Fund Budget proposals for 2021/22 and four-year outlook set out in the report be endorsed for recommendation to Council on 23 February 2021, subject to further consideration at the next Cabinet meeting on 4 February 2021 following consideration at Overview and Scrutiny Committee on 18January 2021.
1.2 That the draft General Fund Budget for 2021/22 is based on an increase to Council Tax of £5 per annum (10p per week) for a Band D property, which is equivalent to 2.96%, to support the Council’s overall financial position.
Reason for Decision: To bring together all the relevant information to enable Cabinet Members to review, consider and comment upon the Councils General Fund budget before the February Cabinet and recommendations to Council.
Alternative Options Considered and Rejected: Setting a balanced budget is a statutory requirement, therefore no other options are appropriate in respect of this.
Any Declarations of Interest Declared: Councillor Osborne declared a local non-pecuniary in her capacity as a trustee of Citizens Advice.
Any Dispensation Granted: None
Minutes:
50.1 The Cabinet Member for Finance introduced the report and moved the recommendations.
50.2 Councillor Malvisi seconded the recommendations.
50.3 Councillor Arthey requested clarification of the figures included in the report in relation to the Transfer of the Council’s Vehicle Fleet to HVO. Councillor Malvisi confirmed that the figures contained in the paper were correct.
50.4 In response to a query from Councillor Busby regarding New Homes Bonus, the Assistant Director for Corporate Resources advised that the figure contained in the report relates to the housing growth for the period October 2019 to October 2020.
50.5 The Cabinet Member for Finance responded to comments from Councillor Davis regarding the removal of the free swims scheme and advised that he hoped the scheme would be able to be reinstated in the coming year.
50.6 Following a question from Councillor Parker regarding CIFCO and the Council’s investment strategy, Councillor Ward commented on the diversity of the investments made during this financial year.
50.7 Councillor Arthey thanked Councillor Ward for his hard work as the Cabinet Member for Finance. Cabinet Members supported this and commented on the complexities and difficulties of producing the budget.
50.8 Councillor Ward expressed his thanks to the finance team for their support and hard work.
By a unanimous vote
It was RESOLVED
1.1 That the draft General Fund Budget proposals for 2021/22 and four-year outlook set out in the report be endorsed for recommendation to Council on 23 February 2021, subject to further consideration at the next Cabinet meeting on 4 February 2021 following consideration at Overview and Scrutiny Committee on 18January 2021.
1.2 That the draft General Fund Budget for 2021/22 is based on an increase to Council Tax of £5 per annum (10p per week) for a Band D property, which is equivalent to 2.96%, to support the Council’s overall financial position.
Reason for Decision: To bring together all the relevant information to enable Cabinet Members to review, consider and comment upon the Councils General Fund budget before the February Cabinet and recommendations to Council.