Decision details

To consider and recommend to Full Council the Executive’s proposed Business Plan and related revenue budget for 2022-2023, medium term financial strategy to 2026/27, capital programme to 2026/27 and all supporting policies, strategies and information

Resolved

(1)          That the proposed Fees and Charges for 2022/23 (Annex to the Minutes as set out in the Minute Book) be approved.

(2)          That the equality impact assessment of the Budget be noted.

(3)          That report on Responses to the Budget Consultation be noted.

(4)          That the Reserves Policy and medium-term reserves plan  (Annexes to the Minutes as set out in the Minute Book) be approved.

(5)          That authority be delegated to the Section 151 Officer (S151), following consultation with the Leader of the Council and Lead Member for Finance and Governance, to complete the legal Council Tax calculations once all the information required has been received.

(6)          That authority be delegated to the S151, following consultation with the Leader of the Council and Lead Member for Finance and Governance, to make appropriate changes to the Executive’s proposed budget to Council.

(7)          That Full Council be recommended to approve the Business Plan.

(8)          That, in relation to the Revenue Budget and Medium-Term Financial Strategy (MTFS), Full Council be recommended to approve:

                      i.        That the net revenue budget for the financial year commencing on 1 April 2022 be approved.

                    ii.        That the MTFS and Revenue Budget 2022/23, including the Savings Proposals, and Pressures, be approved.

(9)          That Full 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 2022 of £5, resulting in a Band D charge of £143.50 per annum.

(10)       That, in relation to the Capital Programme and related strategies, Full Council  be recommended to approve:

                    i.        The Capital Bids and Capital Programme.

                   ii.        The Capital and Investment Strategy.

                 iii.        The Treasury Management Strategy, including the Prudential Indicators, Minimum Revenue Provision (MRP) Policy and Affordable Borrowing Limit for 2022/23.

                 iv.        The Property Investment Strategy.

(11)       That, in relation to reserves, Full Council be recommended to approve a minimum level of General Balances of £6m.