Issue - meetings
Money Matters 2019/20 Position - Quarter 3
Meeting: 06/02/2020 - Cabinet (Item 4)
4 Money Matters 2019/20 Position – Quarter 3 PDF 156 KB
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Additional documents:
- Appendix A, item 4 PDF 628 KB View as DOCX (4/2) 254 KB
- Appendix B, item 4 PDF 472 KB View as DOCX (4/3) 745 KB
- Appendix C, item 4 PDF 453 KB View as DOCX (4/4) 262 KB
- Appendix D, item 4 PDF 361 KB View as DOCX (4/5) 261 KB
- Appendix E, item 4 PDF 367 KB View as DOC (4/6) 1 MB
Minutes:
Cabinet considered the Money Matters report setting out an update on the county council's 2019/20 revenue and capital financial position, proposed 3 year capital delivery plan as at the end of December 2019, an updated medium term financial strategy covering the period 2020/21 to 2023/24, and a proposed capital strategy.
Resolved: That:
i. The current forecast underspend of £13.508m on the revenue budget in 2019/20, be noted.
ii. The revised funding gap of £33.312m covering the period 2020/21 to 2023/24 as set out in the revised financial outlook for the council, be noted.
iii. The budget adjustments for 2020/21, and following years' changes, included in the revised MTFS, be approved.
iv. To make recommendations to Full Council on 13 February 2020 a Band D Council Tax for 2020/21 reflecting a 3.99% increase including 2% to be used for adult social care as per the new flexibilities.
v. The contents of the county council's reserves position, be noted.
vi. The expected capital expenditure outturn of £132.623m, be noted.
vii. The revised 2019/20 capital delivery programme of £151.433m as presented within the body of the report, be noted.
viii. The updated 3 year capital delivery programme 2020/21 to 2022/23, be noted.
ix. To make recommendations to Full Council to approve the proposed capital strategy.
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