Agenda item

Rhanbarthau/Wardiau Sy’n Cael Eu Heffeithio: Pob un

Pwrpas: Diweddaru’r Cabinet ar yr ymatebion a ddaeth o’r ymgynghoriad i’r cynigion cyllideb drafft a gyhoeddwyd ar 18fed Ionawr, a hynny o ran y Cyllidebau Refeniw a Chyfalaf ar gyfer 2023/24.

Yn gwneud argymhellion i’r Cyngor ar y Cyllidebau Refeniw a Chyfalaf 2023/24  a lefel y Dreth Gyngor ar gyfer 2023/24.

Yn derbyn adroddiad statudol y Swyddog Ariannol Cyfrifol ar y broses gyllideb a digonolrwydd yr arian wrth gefn.

Yn derbyn  cyfrifiadau  Dangosydd Darbodus y Swyddog Ariannol Cyfrifol ar gyfer ariannu cyfalaf.

Awduron:Peter Davies – Dirprwy Brif Weithredwr (Swyddog A151);  Jonathan Davies – Pennaeth Cyllid (Dirprwy Swyddog A151)

Manylion Cyswllt:peterdavies@monmouthshire.gov.uk; jonathandavies2@monmouthshire.gov.uk

That Cabinet considers the responses to consultation and recommends to Council:

a) The 2023/24 revenue budget as attached in Appendix G2.

b) The 2023/24 to 2026/27 capital programme as attached in Appendix H1. 2.2

That a 5.95% increase in the Band “D” equivalent Council Tax is used as the planning assumption in the budget model and to apply for County purposes for 2023/24, and that Cabinet asks that efforts are doubled to ensure that individuals and households eligible for council tax exemptions or reductions claim the benefit available to them.

That Cabinet approves changes to proposed saving and pressures, updated following public consultation, scrutiny and more up to date information being made available since the draft proposals were released on consultation on 18th January 2023.

That Cabinet approves the proposed changes to the capital programme and that significantly include additional highways capital investment of £0.5m for 2023/24 and a further £1.5m over indicative capital budgets from 2024/25 to 2026/27.

That Cabinet recommends to Council the undertaking of a review of property assets, to identify assets which are under-utilised, where costs can be reduced, income increased and sites re-purposed or redeveloped to meet the objectives set out in the Community and Corporate Plan.

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, together with an assessment of the current and future financial risks facing the Council.

That Cabinet adopts the Responsible Financial Officer’s report on Prudential Indicators.

That Cabinet requests that:

a) More regular budget monitoring and scrutiny is now undertaken, and with the monitoring and reporting of budget savings being strengthened in acknowledgement of the deliverability risk involved.

b) A financial strategy is developed and that is accompanied by a medium-term financial plan (MTFP) that looks to puts the Council onto a secure and sustainable path going forward.

c) Regular review is undertaken of the MTFP to ensure it remains up to date, and that it includes an assessment of evidence-based pressures and risks, underlying modelling assumptions and the ongoing affordability implications of the Community and Corporate Plan.