Agenda

Extraordinary Meeting, Cabinet
Tuesday, 3rd September, 2019 6.00 pm

Venue: Committee Room 1, Town Hall. View directions

Contact: Jonathan Vali  (0161 474 3201)

Note: Extraordinary Meeting 

Media

Items
No. Item

1.

Minutes pdf icon PDF 148 KB

To approve as a correct record and sign the Minutes of the meeting held on 20 August 2019.

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2.

Declarations of Interest

Councillors and officers to declare any interests which they have in any of the items on the agenda for the meeting.

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3.

Urgent Decisions

To report any urgent action taken under the Constitution since the last meeting of the Cabinet.

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4.

Public Question Time

Members of the public are invited to put questions to the Chair and Cabinet Members on any matters within the powers and duties of the Cabinet, subject to the exclusions set out in the Code of Practice.  (Questions must be submitted no later than 30 minutes prior to the commencement of the meeting on the card provided.  These are available at the meeting. You can also submit via the Council’s website at www.stockport.gov.uk/publicquestions)

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Budget Monitoring

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5.

Quarter 1 2019/20 Budget Monitoring Update pdf icon PDF 185 KB

To consider a report of the Cabinet Member for Resources, Commissioning & Governance

 

The report provides an update on the 2019/20 Quarter 1 revenue forecast outturn and an update on the Capital Programme.

 

Cabinet is asked to:

 

·         approve the virements to the Revenue Budget;

·         note the Cash Limit and Non-Cash Limit forecast positions for 2019/20 as at Quarter 1;

·         note the forecast position for the 2019/20 Capital Programme; and

·         note the changes to the Capital Programme and re-phasing of schemes during Quarter 1.

 

Officer contact: Jonathan Davies, 0161 218 1025, jonathan.davies@stockport.gov.uk

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General Items

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6.

Reserves Policy 2019/20 pdf icon PDF 185 KB

To consider a report of the Cabinet Member for Resources, Commissioning & Governance

 

The report provides an update on the Council’s Reserves Policy following the reporting of the Council’s 2018/19 outturn position and the annual review of the Council’s Reserves Policy.

 

Cabinet are recommended to:

 

·           note the annual review of Council’s 2019/20 Reserves Policy including the level and rationale for the reserves held;

·           approve the creation and reclassification of earmarked reserves held in line with the recommended amounts; and

·           approve the proposed 2019/20 Reserves Policy.

 

Officer contact: Jonathan Davies, 0161 218 1025, jonathan.davies@stockport.gov.uk

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7.

Medium Term Financial Plan (MTFP) pdf icon PDF 194 KB

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7.(i)

Part A: MTFP Summer Review pdf icon PDF 538 KB

To consider a report of the Borough Treasurer

 

This report outlines the outcomes of the Summer Review of the Council’s Medium Term Financial Plan (MTFP). The approved forecast savings requirement for 2019/20 to 2022/23 presented to the Budget Council meeting on 26 February 2019 remains robust. However, given the current complexity, volatility and uncertainty of the Local Government financial framework that underpins the MTFP, a Summer Review to retest the main assumptions, both resources and expenditure, is considered prudent. This report details the outcome of this review highlighting where adjustments can be made to these assumptions in order to present the most accurate forecast of the Council’s saving requirement over the medium term period.

 

Cabinet is recommended to:

 

·           Note the outcomes of the MTFP Summer Review;

·           Note that the Council’s savings requirement has not been revised using the available resources identified following the completion of the MTFP Summer Review;

·           Note that the available resources identified will be held to support the Council’s 2020/21 budget setting process and MTFP once further information is made available about the impact of the risks identified; and

·           Note that updates to the MTFP will be reported to Cabinet as part of the 2020/21 budget setting process.

 

Officer contact: Jonathan Davies, 0161 218 1025, jonathan.davies@stockport.gov.uk

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7.(ii)

Part B: MTFP Cabinet Response: Our Medium Term Strategy and budget choices for 2020/21 pdf icon PDF 486 KB

To consider a report of the Leader of the Council and the Cabinet Member for Resources, Commissioning & Governance

 

This report reaffirms the Cabinet’s commitment to addressing the volatile, complex and uncertain financial landscape. This will involve remaining committed to developing the Council’s MTFP Strategy to address the significant financial challenge ahead and strengthen the Council’s long term financial resilience. The MTFP Strategy will continue to focus on the five themes identified to frame the difficult choices that are needed to make. Using the themes as a lens with which to view services, we will ensure these decisions deliver against our ambitions and priorities for Stockport, whilst ensuring the future sustainability of the Council and the services provided to Stockport residents. Whilst recognising that this will require transformational change to the way services are delivered which will be a long term process, the need to support the annual budget setting process for 2020/21 is also recognised. On this basis the saving proposals outlined in this report have identified £4.250m of full year savings to support the Council’s 2020/21 Budget.

 

Cabinet is recommended to:

 

·         discuss the progress outlined within this report;

·         consider the budget options and proposals outlined in section 2 and 3 and within the appendices and with regards to these areas:

o   commence appropriate consultation and engagement on proposals;

o   invite scrutiny committees to discuss and comment upon proposals relating to their remit.

 

Officer contact: Holly Rae, 0161 474 3014, holly.rae@stockport.gov.uk

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8.

To consider recommendations of Scrutiny Committees

On:-

 

(a)  Matters (if any) referred to the Cabinet Meeting

 

(b)  Any called-in Cabinet Executive Decisions

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