Decision details
Business Plan 2019/20 and Medium Term Financial Strategy 2019/20 - 2023/24
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To consider the final Business Plan, Revenue and Capital Budgets 2019/2020 and the MTFS 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 agree an increase in the level of Council Tax for Cherwell District Council of £5 for 2019/20.
(4) That, having given due consideration, Full Council be recommended to approved the Medium Term Financial Strategy (MTFS), Revenue Budget 2019/20 and Capital Programme including recommending 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 approve a minimum level of General Fund reserves of £2m.
(6) That, having given due consideration, Full Council be recommended to delegate authority to the Chief Finance Officer, in consultation with the Lead Member for Financial Management & Governance, and where appropriate the relevant Director and Lead Member 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 (annex to the Minutes as set out in the Minute Book).
(8) That, having given due consideration, Full Council be recommended to approve the Treasury Management Strategy be approved, including the Prudential Indicators, Minimum Revenue Provision (MRP) Policy and Affordable Borrowing Limit for 2019/20.
(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 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.
(10) 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.
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: Adele Taylor, Executive Director: Finance (Interim) & Section 151 Officer Email: adele.taylor@cherwell-dc.gov.uk Tel: 0300 003 0103, Claire Taylor, Corporate Director Customers, Organisational Development and Resources Email: claire.taylor@cherwell-dc.gov.uk Tel: 0300 003 0113.
Report author: Adele Taylor
Publication date: 05/02/2019
Date of decision: 04/02/2019
Decided at meeting: 04/02/2019 - Executive
Effective from: 09/02/2019
Accompanying Documents:
- _CDC MTFS (for Feb 19) - FINAL PDF 768 KB
- CDC App 1- Draft Business Plan 1920 PDF 564 KB
- CDC App 2 - Risk Register PDF 284 KB
- CDC App 3 - Capital Strategy PDF 332 KB
- CDC App 4 - Capital Bids 1920 PDF 68 KB
- CDC App 5 - Capital Programme 1920 PDF 69 KB
- CDC App 6 - Treasury Strategy 1920 PDF 616 KB
- CDC App 7 - Fees & Charges 1920 PDF 272 KB
- CDC App 8 - EMR 1920 PDF 61 KB
- CDC App 9 - Growth and Savings Schedule PDF 98 KB
- Annex to Minutes- Draft Business Plan 1920 PDF 564 KB
- Annex to Minutes - Risk Register PDF 284 KB
- Annex to Minutes - Capital Strategy PDF 332 KB
- Annex to Minutes - Capital Bids 1920 PDF 68 KB
- Annex to Minutes - Capital Programme 1920 PDF 69 KB
- Annex to Minutes - Fees & Charges 1920 PDF 272 KB
- Annex to Minutes - Growth and Savings Schedule PDF 98 KB