Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The Cabinet had before it a * report of the Deputy Chief Executive (S151) requesting that the Cabinet review the revised draft budget changes identified and discuss any further changes required in order for the Council to move towards a balanced budget for 2021/22.
The Cabinet Member for Finance outlined the contents of the report stating that the figures before members were a current snapshot of where the council was at the current time, the deficit was down to £490k but that there was more work to do. He had tasked the S151 officer to look at unpalatable options to reduce the balance to zero.
The Deputy Chief Executive (S151) stated that work was ongoing and outlined the key movements and assumptions shown within the report highlighting the Government income protection, the Autumn Statement, the funding settlement, the New Homes Bonus and the Lower Tier Service Grant
Consideration was given to:
· Vacancy management
· Whether there would be reoccurrences of funding
· Slippage within the Housing Revenue Account Medium Term Financial Plan
· The various earmarked reserves for the Cullompton HAZ
· The estimate of savings with regard to the waste trial
· The need for serious decisions to be made
RESOLVED that having considered the updated proposals for 2021/22 and the Capital Programme, the report now be circulated to the Policy Development Groups for further input prior to the formal recommendation back to the Cabinet and Council.
(Proposed by Cllr B A Moore and seconded by Cllr C R Slade)
Reason for decision: to allow the Policy Development Groups to consider the budget proposals prior to the February meetings of Cabinet and Council.
Note: *Report previously circulated, copy attached to minutes.
Publication date: 13/01/2021
Date of decision: 07/01/2021
Decided at meeting: 07/01/2021 - Cabinet
Effective from: 16/01/2021