Issue - meetings

Draft Budget Proposals (including Money Plan and Capital Programme)

Meeting: 04/12/2019 - Cabinet (Item 77)

77 Money Plan 2020-25 & Budget Proposals pdf icon PDF 166 KB

To consider the report of the Leader of the Council and the Cabinet Member for Performance and Resources seeking to review the Council’s Draft Money Plan for recommendation to Council.

Additional documents:

Decision:

RESOLVED that:

 

(1)  the assumptions contained in the Council’s draft Money Plan from 2020/21 to 2024/25 and revisions to the draft revenue budget be approved.

 

(2)  the uncertainties regarding future incomes, as shown in this report and Appendix 1, and the need to update the Draft Money Plan when there is more certainty regarding Central Government financing, be noted

 

Minutes:

Cabinet considered the report of the Leader of the Council and the Cabinet Member for Performance and Resources that sought to review the Council’s Draft Money Plan for recommendation to Council.

 

The Leader of the Council stated that there were no proposed savings required over the period of the Money Plan and placed this achievement in the context of progress made against the Council Plan despite a difficult financial climate.  He thanked everyone who had contributed, not least the previous Leader, and confirmed that the administration would continue to focus on supporting people in need.  The Cabinet Member for Performance and Resources highlighted some of the pressures since the Chancellor of the Exchequer deferred the full spending review and noted that the healthy performance of the Property Investment Strategy had helped mitigate these.  She further emphasised that the Council must continue to be prudent in uncertain times.  The Cabinet Member for Planning and Housing Strategy drew Members’ attention to the investments to address housing need (Appendix 3) and noted that these combined with the affordable housing initiatives being worked on would make a real difference to people’s lives.  The Cabinet Member for Regeneration and Economy commented that having taken difficult decisions early, the Council was in a position to make investments such as those in Kings Quarter and Kings Square.

 

 

RESOLVED that:

 

(1)  the assumptions contained in the Council’s draft Money Plan from 2020/21 to 2024/25 and revisions to the draft revenue budget be approved.

 

(2)  the uncertainties regarding future incomes, as shown in this report and Appendix 1, and the need to update the Draft Money Plan when there is more certainty regarding Central Government financing, be noted