Issue - meetings
2020/21 Draft Budget and Medium Term Financial Plan Update
Meeting: 09/01/2020 - District Executive (Item 93)
93 2020/21 Draft Budget and Medium Term Financial Plan Update 
PDF 153 KB
Additional documents:
Decision:
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RESOLVED: |
That District Executive agreed to:- |
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a. |
Note the current estimates and next steps in respect of the draft Medium Term Financial Plan and Capital Programme.
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b. |
Approve in principle the changes to budget estimates in respect of pressures and savings included within the report (para 17).
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Reason: |
To update Members on the latest estimates for 2020/21 draft budget and Medium Term Financial Plan estimates for the period 2020/21 to 2024/25, together with an update on the Capital Programme. |
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Minutes:
The Portfolio Holder for Finance and Legal Services introduced the report and noted an incorrect figure in Table 1 and in paragraph 27, the Council did have external debt which was reported. He noted that the provisional government settlement had only been issued for consultation on 20 December so the report information was draft. The Council’s work on the Environment Strategy, and other projects made pressures on the budget. Also funding had been put aside for volatility and uncertainty in a reserve for the capital programme. Savings from core council functions were still required.
The Chief Executive noted that the Council’s Financial Strategy, adopted in September 2019 addressed how the Council was dealing with savings from core council functions.
There was no debate and Members were content to confirm the recommendations of the report.
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RESOLVED: |
That District Executive agreed to:- |
|
|
|
a. |
Note the current estimates and next steps in respect of the draft Medium Term Financial Plan and Capital Programme.
|
|
|
b. |
Approve in principle the changes to budget estimates in respect of pressures and savings included within the report (para 17).
|
|
Reason: |
To update Members on the latest estimates for 2020/21 draft budget and Medium Term Financial Plan estimates for the period 2020/21 to 2024/25, together with an update on the Capital Programme. |
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