Your council
Decision details
Council Budget Report
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Decision:
(1) That the Cabinet considered the Council’s 2019/20 General Fund budgets and make recommendations to the Full Council meeting on 21 February 2019 to adopt the following:
(a) |
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the revised revenue estimates for 2018/19, which were anticipated to reduce the General Fund balance by £0.8m;
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(b) |
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a decrease in the target for the 2019/20 CSB budget from £12.1m to £12.0m (including growth items);
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(c) |
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an increase in the target for the 2019/20 DDF net spend from £0.553m to £2.373m;
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(d) |
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no change in the District Council Tax for a Band ‘D’ property to keep the charge at £152.46;
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(e) |
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the estimated increase in General Fund balances in 2019/20 of £0.43m;
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(f) |
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the five year capital programme 2018/19 – 2022/23;
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(g) |
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the Medium Term Financial Strategy 2018/19 – 2022/23;
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(h) |
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the Council’s policy on General Fund Revenue Balances to remain that they are allowed to fall no lower than 25% of the Net Budget Requirement. |
(2) That the Cabinet recommends to the Full Council that the 2019/20 HRA budget including the revised revenue estimates for 2018/19 be agreed;
(3) That the Cabinet notes that rent reductions proposed for 2019/20 would give an average overall fall of 1%;
(4) That Cabinet recommends to Full Council the adoption of the Capital Strategy 2018/19 to 2022/23;
(5) That the Cabinet notes the Chief Financial Officer’s report to the Council on the robustness of the estimates for the purposes of the Council’s 2019/20 budgets and the adequacy of the reserves.
Report author: Peter Maddock
Publication date: 14/02/2019
Date of decision: 07/02/2019
Decided at meeting: 07/02/2019 - Cabinet
Accompanying Documents:
- C-032 -financial issues paper Report 2019-20 PDF 229 KB
- C-032 Annex 1 budget 19-20 ver-2 PDF 157 KB
- C-032- Annex 1a -Capital Programme with Structure Changes For Capital Strategy 1 PDF 50 KB
- C-032 - Annex 2 - growth 1920 version 3 PDF 351 KB
- C-032 - Annex 5 - mtfsfeb19 PDF 60 KB
- C-032 - Annex 5a - MTFS 1920 v3 PDF 21 KB
- C-032 - Annex 6a -Capital Programme for Cabinet PDF 55 KB
- C-032 - Annex 7 -Reserves and balances report cabinet feb19 PDF 109 KB
- C-032- Annex 8 - Capital Strategy 2019 App8 PDF 312 KB