Issue - meetings

This item includes supplementary reports.

That:

(a)  the progress on the completion of the Revenue (Appendix 1) and Capital Budgets (Appendix 4) be noted.

(b)  The updated Medium Term Financial Strategy 2022/23 to 2026/27 (Appendix 2) be approved.

(c)  The strategy for ensuring a balanced revenue outturn position for 2021/22 be noted.

(d)  The mid-year estimate of capital expenditure be approved (Appendix 4).

(e)  The calculation of the Council Tax base and the Council Tax increase to be proposed for 2022/23 of 1.99% per Band D equivalent property be noted.

(f)    The risk assessment at Appendix 3 and S151 Officer’s recommendation on the level of reserves and contingencies provisionally required to be maintained in 2022/23 be noted.

(g)  The draft Flexible Use of Capital Receipts Strategy (Appendix 6) for 2022/23 be noted.

(h)  The draft Capital Strategy (Appendix 7) for 2022/32 be noted.

(i)    The draft Treasury Management Strategy (Appendix 8) for 2022/23 be noted.

(j)    The draft Investment Strategy (Appendix 9) for 2022/23 be noted.

(k)  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 2 February 2022.

Cabinet considered a report on progress with the draft Revenue and Capital Budget for 2022/23 along with the 5 year Medium Term Financial Strategy for 2022/23 to 2026/27. 

Cabinet also considered draft strategies as follows - the Flexible Use of Capital Receipts Strategy (updated for 2022/23), the Capital Strategy for 2022/32, the Treasury Management Strategy for 2022/23 and the Investment Strategy for 2022/23 – all of which would be submitted to Council for approval in February. 

Resolved: that:

(a)  the progress on the completion of the Revenue (Appendix 1) and Capital Budgets (Appendix 4) be noted.

(b)  The updated Medium Term Financial Strategy 2022/23 to 2026/27 (Appendix 2) be approved.

(c)  The strategy for ensuring a balanced revenue outturn position for 2021/22 be noted.

(d)  The mid-year estimate of capital expenditure be approved (Appendix 4).

(e)  The calculation of the Council Tax base and the Council Tax increase to be proposed for 2022/23 of 1.99% per Band D equivalent property be noted.

(f)    The risk assessment at Appendix 3 and S151 Officer’s recommendation on the level of reserves and contingencies provisionally required to be maintained in 2022/23 be noted.

(g)  The draft Flexible Use of Capital Receipts Strategy (Appendix 6) for 2022/23 be noted.

(h)  The draft Capital Strategy (Appendix 7) for 2022/32 be noted.

(i)    The draft Treasury Management Strategy (Appendix 8) for 2022/23 be noted.

(j)    The draft Investment Strategy (Appendix 9) for 2022/23 be noted.

(k)  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 2 February 2022.

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