Decision details
CONSIDERATION OF FINAL REVENUE AND CAPITAL BUDGET PROPOSALS
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
That Cabinet considers the responses to consultation and recommends to Council:
· The 2020/21 revenue budget as attached in Appendix I
· The 2020/21 to 2023/24 capital programme as attached in Appendix J1.
That Cabinet acknowledges that the final budget proposals proposed look to support the priorities of the council and specifically seek to recognise in full, all pay and pension related spending pressures in our schooling system and the increasing demand placed on children’s social care services, adult social care and our children with additional learning needs budgets.
That a 4.95% increase in the Band “D” equivalent Council Tax for the County continues to be used as the planning assumption in the budget model and to apply for County purposes in 2020/21.
That Cabinet approves the revised saving and pressure proposals, updated following public consultation, scrutiny and more up to date information being made available since the draft proposals were released on consultation on 20th December 2019.
That Cabinet recognises the risks concerning an absence of a funding floor in the Final Local Government Settlement, and further steps needing to be taken to manage the remaining budget deficit if this was to materialise.
That Cabinet notes the movements anticipated in respect of earmarked reserves during 2020/21 culminating in forecast earmarked reserve balances of £5.29 million at the end of 2020/21.
That Cabinet approves changes to the draft capital budget proposals and programme for 2020/21 and as outlined in paragraph 3.29.
That Cabinet recommends Council to dispose of assets identified in the exempt background paper at best value.
That Cabinet considers the Responsible Financial Officer’s report on the robustness of the budget process and the adequacy of reserves issued under the provisions of the Local Government Act, 2003
That Cabinet adopts the Responsible Financial Officer’s report on Prudential Indicators.
That Cabinet approves the following:
· Further work is undertaken to develop a balanced Medium Term Financial Plan (MTFP) over the 3 year period 2021/22 to 2023/24.
· Regular review of the MTFP to ensure it remains up to date, and that includes an assessment of evidence based pressures and risks, underlying modelling assumptions and the ongoing affordability implications of the Corporate Plan.
Publication date: 19/02/2020
Date of decision: 19/02/2020
Decided at meeting: 19/02/2020 - Cabinet
Accompanying Documents:
- Document To Follow
- 7. 20200219 Special Cabinet - Final Revenue and Capital Budget Proposals 202021 - Covering Report PDF 193 KB
- 7.a1-15. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendices A1 - A15 - Budget Consultation Responses PDF 101 KB
- 7.a16. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix A16 - Resident consultation responses (redacted) PDF 80 KB
- 7.a17. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix A17 - Consultation responses by letter PDF 548 KB
- 7.a18. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix A18 - Overview of MCC budget engagement PDF 562 KB
- 7.b1. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix B1 - Provisional Settlement Data PDF 38 KB
- 7.b2. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix B2 - Provisional Settlement response PDF 463 KB
- 7.c. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix C - Specific Grants 2020-21 (All Wales) PDF 118 KB
- 7.d. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix D1 - Savings and Pressures Summary PDF 223 KB
- 7.e1. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix E1 - Movement of pressures – draft to final PDF 163 KB
- 7.e2. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix E2 - Movement of savings – draft to final PDF 212 KB
- 7.f. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix F - RFO opinion PDF 73 KB
- 7.g. 20200219 Cabinet - 20-21 Final Budget proposals - Appendix G - Prudential Indicators PDF 102 KB
- 7.h1. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix H1 - Use of Reserves PDF 160 KB
- 7.h2. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix H2 - Reserve Balances PDF 147 KB
- 7.i. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix I - Reconciliation through Budget process PDF 89 KB
- 7.i1. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix I - Revenue Budget Summary PDF 130 KB
- 7.j. 20200219 Cabinet - 20-21 Final Budget proposals - Appendix J - Exemption form (signed and scanned) PDF 62 KB
- 7.j1. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix J1 - Capital Budget Summary PDF 95 KB
- 7.j2. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix J2 - Schools Capital Budget Summary PDF 331 KB
- 7.j3. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix J3 - Capital Receipts Summary PDF 246 KB
- 7.j4. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix J4 - Capital Receipts Risk Factors PDF 191 KB
- 7.j5. 20200219 Cabinet - 20-21 Final Budget proposals - Appendix J5 - Capital Pressures PDF 68 KB
- 7.j6. 20200219 Cabinet - 20-21 Final Budget Proposals - Appendix J6 - Exemption form PDF 47 KB
- Restricted enclosure View reasons restricted
- 7.k. 20200219 Cabinet - 20-21 Final Budget proposals - Appendix K - Cumulative WFG Evaluation PDF 232 KB
- 7.l. 20200219 Cabinet - 20-21 Final Budget proposals - Appendix L - Explanation of service groupings PDF 172 KB