Agenda item
Draft Budgets 2019/20 MTFP, Draft Budget for the Housing Revenue Account (Landlord Business Plan) and Draft Capital Programme.
Members are requested to consider and comment to the Executive on:-
1. The draft Budget and updated Medium Term Financial Plan (pages)
2. Capital Programme pertaining to all Directorates (pages)
3. The Housing Revenue Account (Landlord Service) (pages)
Minutes:
The Deputy Leader and Executive Member for Corporate Resources introduced the draft 2019/20 Budget report and MTFP. A balanced budget had been produced and a small increase to Council Tax proposed.
Members welcomed the budget proposals and noted that the gradual increase in short term borrowing was due to world wide issues. In response to a question regarding the Council’s contingency, the Director of Resources advised the contingency amount met CIPFA guidance requirements and there were no current plans to use it.
The Executive Member advised a small increase in funds had been received for Social Care plus a new grant that would be split between Children’s and Adult Services for social care.
In response to a question on what services would receive additional monies if Council Tax was raised to 2%, the Executive Member advised public feedback from the consultation had pointed towards a 0% increase rather than a 2% rise.
Members considered the Capital Budget and noted the Council had continued with its ambitious programme of schemes. The Council, achieved much of its capital spend in 2018/19 and the Assets Team were commended by the Committee.
The Housing Revenue Account continued with its excellent track record and had continued to be an enormous benefit to the Council. Following developments to lift the HRA cap, it too had proposed an ambitious programme. There had been compelling cases to help our residents and provide accommodation for the homeless and affordable homes. The Committee supported and welcomed housing operations proposals and recognised the excellent work in this service area.
RECOMMENDED
1. That the Committee felt confident that the Draft Budget and Medium Term Financial Plan, Capital Programme and Housing Revenue Account were well considered and that they had been prepared in the context of the statutory framework set out in Appendix F. In light of which the Committee endorsed these reports to the Executive.
2. That the Committee endorsed the proposed Council Tax increase of 1% subject to consideration of the outcome of the public consultation.
Supporting documents:
- Corporate Resources OSC MTFP, item 66. PDF 69 KB
- Draft Budget 2019/20 and Medium Term Financial Plan, 08/01/2019 EXECUTIVE, item 66. PDF 330 KB
- Appendix B - Draft Budget 2019/20 and Medium Term Financial Plan - MTFP Four Year Summary, 08/01/2019 EXECUTIVE, item 66. PDF 364 KB
- Appendix C (i) - Draft Budget 2019/20 and Medium Term Financial Plan - Pressures Summary, 08/01/2019 EXECUTIVE, item 66. PDF 161 KB
- Appendix C(ii) - Draft Budget 2019/20 and Medium Term Financial Plan - Pressures by Directorate, 08/01/2019 EXECUTIVE, item 66. PDF 249 KB
- Appendix C(iii) - Draft Budget 2019/20 and Medium Term Financial Plan - Pressures by Category, 08/01/2019 EXECUTIVE, item 66. PDF 230 KB
- Appendix D(i) - Draft Budget 2019/20 and Medium Term Financial Plan - Efficiencies Summary, 08/01/2019 EXECUTIVE, item 66. PDF 161 KB
- Appendix D (ii) - Draft Budget 2019/20 and Medium Term Financial Plan - Efficiencies by Directorate, 08/01/2019 EXECUTIVE, item 66. PDF 106 KB
- Appendix D (iii) - Draft Budget 2019/20 and Medium Term Financial Plan - Efficiencies by Category, 08/01/2019 EXECUTIVE, item 66. PDF 232 KB
- Appendix E - Draft Budget 2019/20 and Medium Term Financial Plan - 2019-20 Budget Diagram, 08/01/2019 EXECUTIVE, item 66. PDF 246 KB
- Appendix F (i) - Draft Budget 2019/20 and Medium Term Financial Plan - Legal Framework, 08/01/2019 EXECUTIVE, item 66. PDF 256 KB
- Appendix F(ii) - Draft Budget 2019/20 and Medium Term Financial Plan - Primary Statutory Requirements 2019, 08/01/2019 EXECUTIVE, item 66. PDF 739 KB
- Appendix G - Draft Budget 2019/20 and Medium Term Financial Plan - Reserves, 08/01/2019 EXECUTIVE, item 66. PDF 284 KB
- Appendix H - Draft Budget 2019/20 and Medium Term Financial Plan - Directorate Priorities, 08/01/2019 EXECUTIVE, item 66. PDF 226 KB
- Corporate Resources OSC Capital Programme, item 66. PDF 66 KB
- Capital Programme 2019/20 to 2022/23, 08/01/2019 EXECUTIVE, item 66. PDF 121 KB
- Appendix A - Capital Programme 2019/20 to 2022/23 - Capital Programme Summary, 08/01/2019 EXECUTIVE, item 66. PDF 131 KB
- Appendix B - Capital Programme 2019/20 to 2022/23 - Capital Programme Detail, 08/01/2019 EXECUTIVE, item 66. PDF 312 KB
- Appendix C - Capital Programme 2019/20 to 2022/23 - Capital Reconciliation, 08/01/2019 EXECUTIVE, item 66. PDF 55 KB
- Corporate Resources OSC HRA MTFP, item 66. PDF 69 KB
- Draft Budget for the Housing Revenue Account (Landlord Business Plan), 08/01/2019 EXECUTIVE, item 66. PDF 307 KB
- Appendix A - Draft Budget for the Housing Revenue Account (Landlord Business Plan) - 30yr HRA Business Plan summary, 08/01/2019 EXECUTIVE, item 66. PDF 82 KB
- Appendix B - Draft Budget for the Housing Revenue Account (Landlord Business Plan) - 6yr HRA Business Plan summary, 08/01/2019 EXECUTIVE, item 66. PDF 40 KB
- Appendix C - Draft Budget for the Housing Revenue Account (Landlord Business Plan) - HRA Capital MTFP, 08/01/2019 EXECUTIVE, item 66. PDF 394 KB
- Appendix D - Draft Budget for the Housing Revenue Account (Landlord Business Plan) - Housing Service Budget Assumptions, 08/01/2019 EXECUTIVE, item 66. PDF 211 KB