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July Finance Review

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16/07/2019 - July Finance Review

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.


 

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