Agenda

Venue: The Forum, Moat Lane, Towcester, Northants NN12 6AD

Contact: Emma Faulkner/Richard Woods, Democratic and Elections  Email: emma.faulkner@cherwellandsouthnorthants.gov.uk, 01327 Email: 322043/richard.woods@cherwellandsouthnorthants.gov.uk, 01295 221550

Items
No. Item

1.

Apologies for Absence and Notification of Substitute Members

2.

Declarations of Interest

Members are asked to declare any interest and the nature of that interest which they may have in any of the items under consideration at this meeting.

3.

Minutes pdf icon PDF 213 KB

To confirm the Minutes of the meeting of the Committee held on 5 December 2018.

4.

Urgent Business

The Chairman to advise whether they have agreed to any items of urgent business being admitted to the agenda.

5.

Chairman's Announcements

To receive communications from the Chairman.

 

6.

Finance Monitoring Report - November 2018 pdf icon PDF 230 KB

Report of Assistant Director – Finance, Procurement and Property.

 

Purpose of report

 

This report summarises the Councils Finance monitoring position as at the end of November 2018.

 

Recommendations

            

1.1         To note the contents of the report.

 

Additional documents:

7.

Business Plan 2019/20 and Medium Term Financial Strategy 2019/20 - 2023/24 pdf icon PDF 678 KB

Report of Assistant Director Finance, Procurement and Property (S151 Officer)

 

Purpose of report

 

The Business Plan and Summary Medium Term Financial Strategy are presented as an integrated report. This demonstrates the Councils strategic approach to aligning its resource to the delivery of Councils Priorities.

 

This report provides members with an update on the Business Plan 2019/20 and the Council’s Summary Medium Term Financial Strategy (MTFS) for 2019/20 to 2023/24 prior to the final MTFS being presented during February 2019.    

 

Recommendations

 

The meeting is recommended:

 

1.1.       To consider and recommend to Cabinet approval of the Business Plan set out in Appendix 1

 

1.2.       To note the Risk Register contained at Appendix 2

 

1.3.       To consider and recommend to Cabinet an increase in the level of Council Tax for South Northamptonshire Council of 2.99% for 2019/20

 

1.4.       To consider and recommend to Cabinet approval of the Medium Term Financial Strategy (MTFS), Revenue Budget 2019/20 and Capital Programme including recommending the growth and savings proposals included at Appendix 9

 

1.5.       To consider and recommend to Cabinet to confirm the minimum level of General Fund reserves of £1.8m

 

1.6.       To consider and recommend to Cabinet that authority be delegated 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.

 

1.7.       To consider and recommend to Cabinet that the Fees & Charges set out in Appendix 7 be approved

 

1.8.       To consider and recommend to Cabinet that the Treasury Management Strategy be approved, including the Prudential Indicators, Minimum Revenue Provision (MRP) Policy and Affordable Borrowing Limit for 2019/20 as set out in Appendix 6.

 

1.9.       To consider and recommend to Cabinet that authority be delegated to the Chief Finance Officer to make any technical changes necessary to the papers for the Council meeting of 27February 2019, including changes to the Finance Settlement and change relating to Parish Precepts and Council Tax levels associated with those changes

 

1.10.    To note the contents of the Section 25 report from the Chief Finance Officer in relation to the robustness of estimates and adequacy of reserves set out in Appendix 8

 

Additional documents:

8.

Review of Committee Work Plan pdf icon PDF 19 KB

To review and note the Committee Work Plan.