Decision details

REVENUE AND CAPITAL BUDGETS AND STRATEGIES 2020/21

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

(i)            That the Revenue and Capital Budgets as detailed in this report and in the report to Cabinet dated 15 January 2020 be recommended to Full Council for approval.

 

(ii)           That the updated Medium Term Financial Strategy 2020/21 to 2024/25 (Appendix 2) be recommend to Full Council for approval.

 

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

 

(iv)          That the 2020/21 Borough Growth Fund priorities as set out at paragraph 4.5 be approved.

 

(v)           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 recommended to Full Council for approval.

 

(vi)          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.

 

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

 

(viii)       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 recommended to Full Council for approval.

 

(ix)          That the Flexible Use of Capital Receipts Strategy (Appendix 6), updated for 2020/21, be recommended to Full Council for approval.

 

(x)           That the Capital Strategy (Appendix 8) for 2020-30 be recommended to Full Council for approval.

 

(xi)          That the Treasury Management Strategy (Appendix 9) for 2020/21 be recommended to Full Council for approval.

 

(xii)        That the Investment Strategy (Appendix 10) for 2020/21 be recommended to Full Council for approval.

 

(xiii)       That the Local Council Tax Reduction Scheme (Appendix 11) for 2020/21 be recommended to Full Council for approval.

 

Publication date: 12/02/2020

Date of decision: 12/02/2020

Decided at meeting: 12/02/2020 - Cabinet

Accompanying Documents: