Decision details

Corporate Plan 2020-21, Draft Budget and Medium Term Financial Position

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To agree recommendations for Full Council on the Revenue and Capital Budgets 2020/2021

Decision:

Resolved

 

(1)            That, having given due consideration, the Corporate Plan be recommended to Council for approval.

 

(2)            That the Risk Register be noted.

 

(3)            That, having given due consideration, Council be recommended to approve an increase in the level of Council Tax for South Northamptonshire Council of £5.00, or 2.6%, for a Band D property in the District for this Council’s services increasing the Band D Council tax to £196.33.

 

(4)            That the comments from the Scrutiny Committee when it considered the investment growth items at its meeting held on 15 January 2020 be noted.

 

(5)            That, having given due consideration, the Draft Budget for 2020-21 be endorsed and recommended to Council for approval.

 

(6)            That, having given due consideration, the Medium Term Financial Position be recommended to Council for approval.

 

(7)            That, having given due consideration, the Capital Programme be recommended to Council for approval.

 

(8)            That authority be delegated to the Executive Director – Finance in consultation with the Portfolio Holder for Finance, Performance and Governance to amend the Capital Programme to reflect any changes in external funding such as Heritage Lottery Funding, Better Care Funding and so on, so that the capital expenditure budgets are matched to the external income received.

 

(9)            That, having given due consideration, Council be recommended to approve a minimum level of General Fund reserves of £1.0m.

 

(10)        That, having given due consideration, Council be recommended to delegate authority to the Executive Director – Finance in consultation with the Portfolio Holder for Finance, Performance and Governance 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.

 

(11)        That, having given due consideration to the changes to the Fees and Charges, the Fees and Charges schedule be endorsed and authority delegated to the Executive Director – Finance in consultation with the Portfolio Holder for Finance, Performance and Governance to finalise the Fees and Charges Schedule if further adjustments are required prior to submission to Council, which is recommended to approve the Fees and Charges.

 

(12)        That the Forecast Reserves Statement be noted.

 

(13)        That, having given due consideration, the Capital Strategy be noted.

 

(14)        That, having given due consideration, the Treasury Management Strategy be noted.

 

(15)        That, having given due consideration, the Investment Strategy, be noted.

 

(16)        That, having given due consideration, authority be delegated to the Executive Director - Finance to make any technical changes necessary to the papers for the Council meeting of 26February 2020.

 

(17)        That the contents of the Section 25 Report from the Executive Director - Finance in relation to the robustness of estimates and adequacy of reserves be noted.

 

(18)        That, having given due consideration, Council be recommended to  approve the Statement of Pay Policy for 2020-21 as required by the Localism Act.

 

(19)        That the equality impact assessment for 2020-21 be noted.

 

(20)        That authority be delegated to the Chief Executive, in consultation with the Executive Director - Finance and the Leader, to represent the Council on the Business Rates Pilot Board and to make whatever decisions necessary to represent the interest of the Council on that Board within the parameters set out by MHCLG which shall include the authority to agree the allocation of this funding.

 

(21)        That it be agreed to release a further £1.9m of reserves for the Local Government Reorganisation programme (in addition to the £500,000 funding already agreed by Council on 30 August 2018) and to delegate responsibility to the Chief Executive and the Executive Director - Finance, in consultation with the Leader, to transfer up to £2.4m in total to the Future Northants programme office in order for the Strategic Delivery Director of the programme to be able to commit this expenditure in accordance with the agreed baseline budget and provide regular monitoring reports against all aspects of the £43.5m total programme budget.

 

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: Martin Henry, Executive Director: Finance (Section 151 Officer) Email: martin.henry@southnorthants.gov.uk Tel: 0300 030206.

Report author: Martin Henry

Publication date: 11/02/2020

Date of decision: 10/02/2020

Decided at meeting: 10/02/2020 - Cabinet

Effective from: 19/02/2020

Accompanying Documents: