Decision details

(i)            That the progress on the completion of the Revenue and Capital Budgets and updated MTFS Funding Strategy for 2020/21 (Appendix 1) be noted.

(ii)          That the updated Medium Term Financial Strategy 2020/21 to 2024/25 (Appendix 2) be approved.

(iii)         That the strategy for ensuring a balanced revenue outturn position for 2019/20 be noted.

(iv)         That the calculation of the Council Tax base and the Council Tax increase to be proposed for 2020/21 of £5 (2.55%) per Band D equivalent property be noted.

(v)          That the proposed Empty Homes Premium for long term empty properties (2-5 years 100%, 5-10 years 200% and 10 years plus 300%) be approved.

(vi)         That the proposed change in accounting policy for Minimum Revenue Provision from the straight line basis to the annuity basis (as per the draft Treasury Management Strategy) be noted.

(vii)        That the risk assessment at Appendix 3 and S151 Officer’s recommendation on the level of reserves and contingencies provisionally required to be maintained in 2020/21 be noted.

(viii)       That the draft Flexible Use of Capital Receipts Strategy (Appendix 6), updated for 2020/21, be noted.

(ix)         That the draft Capital Strategy (Appendix 8) for 2020-30 be noted.

(x)          That the draft Treasury Management Strategy (Appendix 9) for 2020/21 be noted.

(xi)         That the draft Investment Strategy (Appendix 10) for 2020/21 be noted.

(xii)        That the draft Budget and Council Tax proposals be referred to Finance, Assets and Partnerships Scrutiny Committee for comment before the final proposals are considered at Cabinet on 4 February 2020.