Issue - meetings

This report sets out the overall financial position facing the Council and highlights the significant issues, risks and uncertainties.  It also sets out the proposed budget setting strategy for 2020/21 and beyond in order to maximise the period of consultation with residents, businesses and other key stakeholders.

RESOLVED:

       i.          That Cabinet agreed the budget setting process for 2020/21, including the approach to consultation and scrutiny, as set out in section seven of this report.

      ii.          That Cabinet confirmed their intention, as previously announced and subject to consultation and any other material changes to circumstances, to increase council tax by 3.99% in 2020/21, on the basis that this means that no new savings proposals need to be developed.

    iii.          That Cabinet noted the Capital budgets and agree the proposed 2018/19 capital budget carry forwards and capital virements set out in section six of the report.

    iv.          That Cabinet noted that on current funding assumptions savings of at least £20m will be required in order to agree balanced budgets for 2021/22 and 2022/23.

Councillor Margaret McLennan, Deputy Leader of the Council, introduced the report setting out the overall financial position facing the Council and highlights the significant risks, issues and uncertainties. 

Councillor McLennan stated that it also sets out the proposed budget setting strategy for 2020/21 and beyond in order to maximise the period of consultation with residents, businesses and other key stakeholders.

RESOLVED:

      i.        That Cabinet agreed the budget setting process for 2020/21, including the approach to consultation and scrutiny, as set out in section seven of this report.

    ii.        That Cabinet confirmed their intention, as previously announced and subject to consultation and any other material changes to circumstances, to increase council tax by 3.99% in 2020/21, on the basis that this means that no new savings proposals need to be developed.

   iii.        That Cabinet noted the Capital budgets and agree the proposed 2018/19 capital budget carry forwards and capital virements set out in section six of the report.

   iv.        That Cabinet noted that on current funding assumptions savings of at least £20m will be required in order to agree balanced budgets for 2021/22 and 2022/23.