Decision details
Budget and Business Plan 2021/2022
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To consider and recommend to Full Counci the Budget and Business Plan 2020/21
Decision:
Resolved
(1) That the proposed Fees and Charges for 2021/22 (Annex to the Minutes as set out in the Minute Book) be approved.
(2) That the equality impact assessment of the Budget (Annex to the Minutes as set out in the Minute Book) be noted.
(3) That the Report on Responses to the Budget Consultation (Annex to the Minutes as set out in the Minute Book) be noted.
(4) That the Reserves Policy (Annex to the Minutes as set out in the Minute Book) and creation of new reserves (as described in the Annex to the Minutes as set out in the Minute Book) be approved.
(5) That authority be delegated to the Director of Finance, following consultation with the Leader of the Council and Lead Member for Financial Management and Governance, to complete the legal Council Tax calculations once all the information required has been received.
(6) That authority be delegated to the Director of Finance, following consultation with the Leader of the Council and Lead Member for Financial Management and Governance, to make appropriate changes to the proposed budget.
(7) That Council be recommended to approve the Business Plan (Annex to the Minutes as set out in the Minute Book).
(8) That, in relation to the Revenue Budget and Medium-Term Financial Strategy (MTFS), subject to any revision needed in light of the ongoing and further planned consultations and equalities assessments on individual savings proposals, Council be recommended to approve that the net revenue budget for the financial year commencing on 1 April 2021 of £22.415m, including the budget allocations to the Directorates of the Council, as set out in the Annex to the Minutes, be approved
(9) That Council be recommended to agree the MTFS and Revenue Budget 2021/22, including the Savings Proposals, Pressures and the Revenue Impacts of Capital Schemes (Annexes to the Minutes as set out in the Minute Book).
(10) The Council be recommended to agree an increase in the Basic Amount of Council Tax for Cherwell District Council for the financial year beginning on 1 April 2021 of £5, resulting in a Band D charge of £138.50 per annum.
(11) That Council be recommended to agree the Capital Bids and Capital Programme (Annexes to the Minutes as set out in the Minute Book).
(12) The Council be recommended to agree the Capital and Investment Strategy (Annexes to the Minutes as set out in the Minute Book).
(13) That Council be recommended to agree the Treasury Management Strategy, including the Prudential Indicators, Minimum Revenue Provision (MRP) Policy and Affordable Borrowing Limit for 2021/22 (Annex to the Minutes as set out in the Minute Book).
(14) That, in relation to reserves, Council be recommended to approve a minimum level of General Balances of £5m.
(15) That Council be recommended to approve the Par Policy Statement (Annex to the Minutes as set out in the Minute Book) in fulfilment of the requirements of Sections 38-43 of the Localism Act 2011.
Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;
Reason No Public Access: No
Declarations: None
Subject to Urgent Proceedings: No
Contact: Lorna Baxter, Director of Finance & Section 151 Officer Email: lorna.baxter@cherwell-dc.gov.uk, Louise Tustian, Head of Insight and Corporate Programmes Email: louise.tustian@cherwell-dc.gov.uk Tel: 01295 221786.
Report author: Lorna Baxter
Publication date: 02/02/2021
Date of decision: 01/02/2021
Decided at meeting: 01/02/2021 - Executive
Effective from: 06/02/2021
Accompanying Documents:
- Budget Setting for 2021-22 and the Medium-Term Financial Strategy 2021-26 PDF 390 KB
- Appendix 1 - Business plan 2021 PDF 675 KB
- Appendix 2 - Savings Proposals PDF 118 KB
- Appendix 3 - Revenue Pressures PDF 107 KB
- Appendix 4 - Revenue Impacts of Capital PDF 86 KB
- Appendix 5 - Fees and Charges Schedule 2021-22 PDF 388 KB
- Appendix 6 - Overarching Equalities Impact Assessment PDF 452 KB
- Appendix 7 - CDC budget consultation final report PDF 285 KB
- Appendix 8 - Comments from Budget Planning Committee PDF 201 KB
- Appendix 9 - Gross Budget, Income, Net Budget and Future Years MTFS Changes by Directorate PDF 82 KB
- Appendix 10 - Service Grants PDF 75 KB
- Appendix 11 - Reserves Policy PDF 301 KB
- Appendix 12 - Reserves Assessment PDF 426 KB
- Appendix 13 - Reserves Forecast PDF 96 KB
- Appendix 14 - Capital Bids PDF 221 KB
- Appendix 15 - Capital Programme 2021-22 PDF 121 KB
- Appendix 16 - CDC Capital and Investment Strategy 2021-22 PDF 490 KB
- Appendix 17 - CDC Treasury Management Strategy 2021-22 PDF 563 KB
- Appendix 19 - CDC Pay Policy Statement PDF 225 KB
- Annex to Minutes - Fees and Charges Schedule 2021-22 PDF 388 KB
- Annex to Minutes - Overarching Equalities Impact Assessment PDF 452 KB
- Annex to Minutes - CDC budget consultation final report PDF 285 KB
- Annex to Minutes - Reserves Policy PDF 301 KB
- Annex to Minutes - Reserves Assessment PDF 426 KB
- Annex to Minutes - Reserves Forecast PDF 96 KB
- Annex to Minutes - Business plan 2021 PDF 675 KB
- Annex to Minutes - Gross Budget, Income, Net Budget and Future Years MTFS Changes by Directorate PDF 82 KB
- Annex to Minutes - Capital Bids PDF 221 KB
- Annex to Minutes - Capital Programme 2021-22 PDF 121 KB
- Annex to the Minutes - CDC Capital and Investment Strategy 2021-22 PDF 490 KB
- Annex to Minutes - CDC Treasury Management Strategy 2021-22 PDF 563 KB
- Annex to Minutes - CDC Pay Policy Statement PDF 225 KB