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Decision details

Business Plan 2020-24

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Medium Term Financial Strategy updated with latest financial information

Decision:

RESOLVED:

 

1.    That the response to the Overview and Scrutiny Commission be agreed;

2.    That having considered all of the information in this report and noted the positive assurance statement given by the Director of Corporate Services based on the proposed Council Tax strategy, the maximum Council Tax in 2020/21, equating to a Band D Council Tax of  £1,276.92, which is an increase of below 4% be approved and recommended to Council for approval.

3.    That all of the latest information and the comments from the scrutiny process be considered, and recommendations to Council be made as appropriate

4.    That the Business Plan 2020-24 including the General Fund Budget and Council Tax Strategy for 2020/21, and the Medium Term Financial Strategy (MTFS) for 2020-24 as submitted, along with the draft Equality Assessments (EAs), be approved and recommended to Council for approval subject to any proposed amendments agreed at this meeting;

5.    That having considered all of the latest information and the comments from the scrutiny process, the Capital Investment Programme (as detailed in Annex 1 to the Capital Strategy); the Treasury Management Strategy (Section 5), including the detailed recommendations in that Section, incorporating the Prudential Indicators and the Capital Strategy (Section 4) as submitted and reported upon be approved and recommended to Council for approval, subject to any proposed amendments agreed at this meeting;

6.    That it be noted that the GLA precept will not be agreed by the London Assembly until 24 February 2020, but the provisional figure has been incorporated into the draft MTFS.

7.    That officers be requested to review the savings proposals agreed and where possible bring them forward to the earliest possible implementation date

8.    That it be noted that there may be minor amendments to figures in this report as a result of new information being received after the deadline for dispatch and that this will be amended for the report to Council in March.

9.    That Risk Management Strategy be approved.

Report author: Roger Kershaw

Publication date: 26/02/2020

Date of decision: 24/02/2020

Decided at meeting: 24/02/2020 - Cabinet

Effective from: 03/03/2020

Accompanying Documents: