Decision - Revenue & Capital Budget Planning and Resource Update 2020/21 to 2023/24
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Decision details
Revenue & Capital Budget Planning and Resource Update 2020/21 to 2023/24
Decision Maker: Policy, Resources & Growth Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Purpose:
Budget update for resources and expenditure
planning over the next 4 year period
Decision:
RESOLVED: That the Committee -
1. Noted the resource and net expenditure projections for 2020/21 and the Medium Term Financial Strategy (MTFS) projections set out in the body of the report and Appendices 1, 2 and 3 based on a 1.99% Council Tax increase.
2. Noted the predicted budget gaps for 2020/21 to 2023/24 to be adopted for budget setting purposes as detailed at paragraph 4.20.
3. Instructed the Executive Leadership Team (ELT) to develop 4-Year Budget Plans including investment and savings proposals to address the predicted budget gaps for the period 2020/21 to 2023/24 based on the assumptions in this report, and for consideration by Policy, Resources & Growth Committee.
4.
Agreed to explore options for reviewing the Council
Tax Reduction Scheme (CTR). This could include:
(i) full subsidy of the scheme, or other amendments
to alleviate the
strain on
the city’s poorest households;
(ii)
with details on the financial implications and necessary community
consultation resulting from any change brought to a future
committee.
5. Noted the resource projections for the 5-Year Capital Investment Programme as shown in Appendix 4.
6. Given the reduction in number of CTR scheme claimants (detailed in 1.19) that Committee agreed to sufficiently promote the CTR consultation and discretionary fund with partners, with a future report to be provided to this committee on the improved promotion work done
Report author: James Hengeveld
Publication date: 19/07/2019
Date of decision: 18/07/2019
Decided at meeting: 18/07/2019 - Policy, Resources & Growth Committee
Accompanying Documents:
- Revenue & Capital Budget Planning and Resource Update 2020/21 to 2023/24 PDF 691 KB View as HTML (1) 2 MB
- Appendix 1 - Budget changes 2019-20 to 2020-21 PDF 142 KB View as HTML (2) 28 KB
- Appendix 2 - Resources Updates and Assumptions 2020/21 PDF 450 KB View as HTML (3) 43 KB
- Appendix 3 MTFS Summary tables PDF 296 KB View as HTML (4) 33 KB
- Appendix 4 - Projected Capital Programme PDF 196 KB View as HTML (5) 18 KB
- Appendix 5 Reserves PDF 129 KB View as HTML (6) 20 KB
- Appendix 6 - Glossary PDF 289 KB View as HTML (7) 19 KB
- Green Grp Amendment - Item 29 PDF 197 KB View as HTML (8) 23 KB