Decision details

The Council Meeting has:-

(1) Agreed the Budget for 2019/20 described in the report and set out in Appendix 2 and 3;

(2) Noted the risk assessment of the Budget at Appendix 5 and the report of the Borough Treasurer on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix 5;

(3) Noted and comment upon the financial forecasts for 2019/20 to 2022/23 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council;

(4) Approved the 2019/20 to 2021/22 Capital Programme and the funding arrangements as described in the report and set out at Appendix 7; and

(5) Approve the prudential indicators set out in Appendix 8;

Subject to:-

·         The removal of the budget proposal relating to reducing Ward funds, protecting them at their current level creating an additional savings requirement of £0.216m ongoing.

·         For 2019/20 and 2020/21, fund this by using the historic underspend of £0.468m, putting any surplus in to general reserves.

·         For 2021/22 onwards, add to the Council’s savings requirement £0.216m, to be found from outside frontline service delivery. This would be an increase of under 1% of the savings requirement for that year.

(1) To pass the budget without amendment.

(2) To adopt the amendment proposed by the Conservative Group.

None.