Agenda item

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.

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

(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.