Decision details


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

Decision Maker: Budget Planning Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Resolved

 

(1)  That having reviewed the Business Plan it be recommended to Executive and then Full Council for approval.

 

(2)  That, having given due consideration, the Risk Register be noted.

 

(3)  That the increase in the level of Council Tax for Cherwell District Council of £5 for 2019/20 be recommended to Executive and then Full Council.

 

(4)  That the Medium Term Financial Strategy (MTFS), Revenue Budget 2019/20 and Capital Programme including the growth and savings proposals be recommended to Executive and then Full Council for approval.

 

(5)  That, having given due consideration, the minimum level of General Fund reserves of £2m be recommended to Executive and then Full Council.  

 

(6)  That Executive be recommended to agree and recommend to Full Council that authority be delegated to the Chief Finance Officer in consultation with the Lead Member for Finance & Governance, and where appropriate the relevant Director and Lead Member to:

·         Transfer monies from/to 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, the Fees & Charges be recommended to Executive and then Full Council for approval.

 

(8)  That Executive be recommended to agree and recommend to Full Council that authority be delegated to the Chief Finance Officer to make any technical changes necessary to the papers for the Council meeting of 25 February 2019, including changes related to the finalisation of the national Finance Settlement and any associated changes to Parish Precepts and Council resulting from those changes.

 

(9)  That the contents of the Section 25 report from the Chief Finance Officer in relation to the robustness of estimates and adequacy of reserves be noted.

 

Wards Affected: (All Wards);

Publication date: 30/01/2019

Date of decision: 29/01/2019

Decided at meeting: 29/01/2019 - Budget Planning Committee

Accompanying Documents: