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  • Issue - meetings

    Budget

    • Issue Details
    • Issue History
    • Related Meetings
     

     

    Meeting: 04/02/2021 - Cabinet (Item 311)

    311 Budget (2-25-30) pdf icon PDF 305 KB

    To consider a report of the Deputy Chief Executive (S151) providing the budget proposals for the General Fund and the Housing Revenue Account for the year 2021/22.

     

    Additional documents:

    • MDDC Cabinet Report - Draft Budget (R3) 2021-22 - App 1 GF Budget Summary, item 311 pdf icon PDF 395 KB
    • MDDC Cabinet Report - Draft Budget (R3) 2021-22 - App 2 PDG Service Units, item 311 pdf icon PDF 199 KB
    • MDDC Cabinet Report - Draft Budget (R3) 2021-22 - App 3 EMR IN, item 311 pdf icon PDF 430 KB
    • MDDC Cabinet Report - Draft Budget (R3) 2021-22 - App 4 EMR OUT, item 311 pdf icon PDF 428 KB
    • MDDC Cabinet Report - Draft Budget (R3) 2021-22 - App 5 HRA Budget Summary, item 311 pdf icon PDF 495 KB
    • MDDC Cabinet Report - Draft Budget (R3) 2021-22 - App 5a HRA Rent Scenarios, item 311 pdf icon PDF 544 KB
    • MDDC Cabinet Report - Draft Budget (R3) 2021-22 - App 5b HRA Proposed Fee and Charges, item 311 pdf icon PDF 510 KB

    Minutes:

    The Cabinet had before it a * report of the Deputy Chief Executive (S151) providing the budget proposals for the General Fund and the Housing Revenue Account for the year 2021/22.

     

    The Cabinet Member for Finance outlined the contents of the report stating that the proposed budget had been discussed at numerous meetings throughout the year which had included review by the Policy Development Groups and the Scrutiny Committee.  He explained that there was a need for a temporary transfer from the New Homes Bonus of £385K to cover the deficit.  He referred to the budget gap predicted for 2022/23 and the work that had to take place with regard to this.

     

    The Deputy Chief Executive (S151) reported that the settlement to be received from the Government was in line with the figures stated in the report

     

    Consideration was given to:

     

    ·         The savings required for the financial year 2022/23

    ·         The need for a conversation on climate change priorities going forwards and the schemes that had already been highlighted

    ·         News of external funding that had been achieved that day from the Decarbonisation Fund which would help improve the leisure centres, the multi-storey carpark and other portfolio assets

     

    RECOMMENDED to Council that:

     

    1.            Council Tax is increased by £5 (2.39%) on a Band D property to £213.84.

    2.            General Fund budget for 2021/22 is approved.

    3.            The 2021/22 budget requires no transfer from the General Fund Balance.

    4.            The General Fund Budget requires a temporary transfer of £386k from the New Homes Bonus EMR.

    5.            HRA budget for 2021/22 be approved – Appendix 5.

    6.            HRA fees/charges are approved based on the attached Appendix 5b.

    7.            Work on strategic planning for delivering balanced budgets in the future is commenced in the Spring.

     

    (Proposed by Cllr B A Moore and seconded by Cllr R B Evans)

     

    Reason for decision – there is a need to make a recommendation to Council requesting that a balanced budget be set.

     

    Note: *Report previously circulated, copy attached to minutes.