Decision details

Approval of the revenue, capital and housing revenue account budgets, fees and charges, and council tax setting 2019/20.

Approval of Medium Term Financial Strategy 2019/20 – 2021/22

Approval of the Treasury Management Strategy

The Cabinet approved the following budget proposals and noted that any comments from the Resources Overview and Scrutiny Committee on 14 January will be returned to the Special Cabinet on 22 January for consideration before final recommendations were made to the Council meeting on 4 February 2019.

General Fund

The proposed General Fund Budget as summarised in Appendix A, and detailed in appendix B.

The inclusion of the savings and growth proposals into the budget as detailed in appendices C and D.

The approval of the 2019/20 fees and charges which have been incorporated into the budget proposals, as set out in appendix E.

The increase in the Council’s Band D Tax of £5.16 (2.5%), taking the average Band D Tax to £211.77 for 2019/20.

Housing Revenue Account

That dwelling rents are reduced by 1% in accordance with Government legislation, resulting in an average rent of £103.37 per week.

The continuation of the policy charge formula rent minus 1% when vacant properties are re-let.

The approval of the Housing Revenue Account budget for 2019/20 as shown in appendix F.

The approval of the 2019/20 fees and charges which have been incorporated into the budget proposals, as set out in appendix H.

The Medium Term Financial Strategy to maintain Housing Revenue Account working balances to around 5% of rental income.

Capital Programme

The approval of the Capital Programme for 2019/20 to 2023/24 as set out in Appendix I.

The approval of the Capital Financing for the Capital Programme, for 2019/20 to 2023/24 as set out in Appendix J.

Medium Term Financial Strategy

The approval of the Medium Term Financial Strategy for 2019/20 – 2021/22 as set out in appendix L.

Other Strategies

The approval of the Treasury Management Strategy for 2019/20 as set out in appendix M.

The approval of the Investment Strategy for 2019/20 as set out in appendix N

The approval of the Capital Strategy for 2019/20 as set out in appendix O.