Decision details

Business Plan 2019/20 and Medium Term Financial Strategy 2019/20 - 2023/24

Decision Maker: Cabinet

Decision status: Recommendations Approved (subject to call-in)

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the final Business Plan, Revenue and Capital Budgets 2019/2020 and Medium Term Financial Strategy for recommendation to Council

Decision:

Resolved

 

(1)          That, having given due consideration, Full Council be recommended to approve the Business Plan (annex to the Minutes as set out in the Minute Book).

 

(2)          That the Risk Register (annex to the Minutes as set out in the Minute Book) be noted.

 

(3)          That, having given due consideration, Full Council be recommended to approve an increase in the level of Council Tax for South Northamptonshire Council of 2.99% for 2019/20.

 

(4)          That, having given due consideration, Full Council be recommended to approve the Medium Term Financial Strategy (MTFS), Revenue Budget 2019/20 and Capital Programme including the growth and savings proposals (annex to the Minutes as set out in the Minute Book).

 

(5)          That, having given due consideration, Full Council be recommended to confirm the minimum level of General Fund reserves of £1.8m.

 

(6)          That, having given due consideration, Full Council be recommended to delegate authority to the Chief Finance Officer in consultation with the Portfolio Holder for Finance & Governance and Leader of the Council, and where appropriate the relevant Director and Portfolio Holder to:

·         Transfer monies to/from earmarked reserves should that become necessary during the financial year.

·         Update prudential indicators in both the Prudential Indicators Report and Treasury Management Strategy Report to Council, for any budget changes that impact on these.

 

(7)          That, having given due consideration, Full Council be recommended to approve the Fees & Charges set out in the Annex to the Minutes (as set out in the Minute Book).

 

(8)          That the Treasury Management Strategy, including the Prudential Indicators, Minimum Revenue Provision (MRP) Policy and Affordable Borrowing Limit for 2019/20 be noted.

 

(9)               That, having given due consideration, Full Council be recommended to delegate authority to the Chief Finance Officer to make any technical changes necessary to the papers for the Council meeting of 27 February 2019, including changes to the Finance Settlement and change relating to Parish Precepts and Council Tax levels associated with those changes.

Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;

Corporate Priorities : Here to Serve;

Reason No Public Access: No

Declarations: None

Subject to Urgent Proceedings: No

Contact: Geoff Kent, Assistant Director: Customers & Corporate Services Email: geoff.kent@cherwellandsouthnorthants.gov.uk Tel: 0300 003 0115, Kelly Watson, Assistant Director: Finance, Procurement and Property & Section 151 Officer Email: kelly.watson@cherwellandsouthnorthants.gov.uk Tel: 0300 003 0206.

Report author: Kelly Watson

Publication date: 12/02/2019

Date of decision: 11/02/2019

Decided at meeting: 11/02/2019 - Cabinet

Date comes into force if not called in: 20/02/2019

Call-in deadline date: 19/02/2019

Current call-in Count: 0

Accompanying Documents: