Decision details

Budget Proposals for 2020/21 and Indicative Budgets for 2021/22 and 2022/23 - A district that works for everyone, delivering opportunity

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

The Cabinet recommends to Council:

 

1.     To set a General Fund budget requirement of £15.114m for 2020/21 detailed at section 3 of this report and shown in detail at Appendix A (inclusive of special expenses)

2.     To propose a Council Tax level of £163.62 for 2020/21 (Band D property)

3.     To note the indicative base estimates for 2021/22 and 2022/23 as detailed in the summary at Appendix A

4.     To approve dwelling rent increases of 2.7% (CPI + 1%) in accordance with Government guideline rent providing an average rent of £79.64 (an average rental increase of £2.02 per a week)

5.     To approve an increase in garage rents of 3%

6.     To approve an average increase of 3% in service charges for communal facilities and communal rooms

7.     To approve an increase in shared ownership rents by 2.7% (CPI +1%)

8.     To approve the Housing Revenue Account for the year 2020/21 and indicative years 2021/22 and 2022/23 detailed at section 5 of this report and shown at Appendix A

9.     To approve the General Fund Capital programme for 2020/21 to 2022/23 detailed at section 5 of this report and shown at Appendix C

10.   To approve the Capital Financing statement detailed at Appendix C

11.   To approve the Housing Investment programme for 2020/21 to 2022/23 detailed at section 5 of this report and as shown at Appendix C

12.  To approve the Capital Financing statement detailed at Appendix C

13.  To approve the movements in Revenue and Capital reserves and balances detailed at section 7 of this report and shown at Appendix D

14.  To approve the movements in HRA revenue and Capital reserves and balances detailed at section 7 of this report and shown at Appendix D

15.  To approve the Treasury Management Strategy detailed at section 8 of this report and provided at Appendix E

16.  To approve the Capital Strategy detailed at section 8 of this report and provided at Appendix F

17.  To approve the fees and charges policy detailed at section 9 of this report and shown at Appendix G

18.  To approve the fees and charges detailed at section 9 of this report and shown at Appendix H

19.  To approve a sum of £20,000 towards events and festivals in the District

20.  To approve a sum of £35,000 for 2020/21 (for 1 year only) towards the funding of the university

 

Reasons for decision:

 

1.    The report of the Cabinet Member for Finance and Resources, which was

presented to Cabinet on 18 February 2020 with an amended Appendix A(i) which detailed a balanced budget for 2020/21

2.    The report of the Cabinet Member for Finance, which was considered by Cabinet on 21 January 2020

3.    The minutes of the Cabinet meeting held on 21 January 2020 at which the

Council agreed its draft Budget 2020/21 and approved consultation on Council Tax levels

4.    Comments made by the Budget Overview and Scrutiny Committee at its

meeting on 14 January 2020

5.    Feedback from Council Tax consultation which ran from 22 January 20120 to 14 February 2020

6.    The provisional finance settlement 2020/21

7.    The funding position for the General Fund (paragraph 3.1 of the report of the Cabinet Member for Finance and Resources)

8.    The General Fund Budget Estimates and Council Tax proposals (paragraphs 3.1 and 3.4 of the report of the Cabinet Member for Finance and Resources)

9.    General Fund capacity bids detailed in Appendix B of the report of the Cabinet Member for Finance and Resources)

10. Fees and charges proposals (paragraph 9.1 and Appendix H of the report of the Cabinet Member for Finance and Resources)

11. The Housing Revenue Account position (paragraph 4.1 of the report of the Cabinet Member for Finance and Resources)

12. Capital investment proposals for 2020/21 to 2022/23 and the Capital Strategy (paragraph 8.1 and Appendix F of the report of the Cabinet Member for Finance and Resources)

13. The Treasury Management Strategy (paragraph 8.1 and Appendix E of the report of the Cabinet Member for Finance and Resources)

14. Information on Reserves and Balances (paragraph 7.1 of the report of the Cabinet Member for Finance and Housing)

15. Information on Budget proposals in paragraph 3.3

16. The Equality Analysis attached as Appendix J to the report of the Cabinet Member for Finance and Resources

17. The statutory requirement to set a balanced budget for each financial year

18. Provisions within the Local Government Finance Act 1992

19. Provisions within the Local Government Act 2003

20. To support the culture and visitor economy in the District

21. To fully endorse the setting up of the university in Grantham

 

Other options considered and rejected:

 

Option 1: A Council Tax increase of 3% on a Band D property

Option 2: No Council Tax increase

 

DATE DECISIONS EFFECTIVE:

 

The recommendations made at Minute CO76 stand referred to Council on 2 March 2020.

 

Publication date: 18/02/2020

Date of decision: 18/02/2020

Decided at meeting: 18/02/2020 - Cabinet

Accompanying Documents: