Issue - meetings

Division/Wards Affected: All

Purpose: To set out draft revenue budget proposals for financial year 2021/22.

To commence a period of consultation on the draft budget proposals for a four-week period to 17^th February 2021.

To consider the 2021/22 draft budget proposals within the context of the 4 year Medium Term Financial Plan (MTFP) and the Corporate Plan.

Author: Peter Davies, Chief Officer for Resources

Contact Details: peterdavies@monmouthshire.gov.uk

That Cabinet approves the release of its draft budget proposals for 2021/22 for consultation purposes.

That Cabinet approves that the consultation period, including the opportunity to present alternative proposals that have been assessed for Future Generations and equality implications, commences for a four-week period ending on 17th February 2021.

To update Cabinet on the implications arising out of the provisional settlement

announcement of Welsh Goverrnment and to agree its proposed response as outlined in the letter shown in appendix 5.

That Cabinet recognises unavoidable pressures of some £10.070 million that need to be provided for within the 2021/22 budget.

That Cabinet confirms its intention to fully fund all pay related pressures insofar as they impact schools and to accommodate significant demand pressures caused in particular by increasing numbers of looked after children and pupils with additional learning needs.

That Cabinet proposes a Council Tax rise of 4.95% for financial year 2021/22.

That Cabinet recognises that whilst the draft budget proposals are presenting a balanced budget this includes a one-off contribution of £749k from the Council’s limited general reserve balances (Council Fund). Efforts are to continue to mitigate as much as possible the level of reserve contribution supporting the budget proposals for 2021/22.