Issue - meetings

(Cabinet Member with Special Responsibility Councillor Whitehead)

Report of Director of Corporate Services   (report to follow)

(Cabinet Member with Special Responsibility Councillor Whitehead)

Cabinet received a report from the Chief Finance Officer which set out the latest position in respect of the Budget and Policy Framework including Cabinet’s proposed revenue budget for 2020/21 and Capital Programme for 2020/21 to 2023/24. The report also set out the Treasury Management Framework for Cabinet adoption and provided an update on the revision of the Medium Term Financial Strategy.

The options, options analysis, including risk assessment and officer preferred option, were set out in the report as follows:

Revenue Budget

Cabinet may adjust its revenue budget proposals, as long as the overall budget for 2019/20 balances and fits with the proposed council tax level.

Capital Programme

           Cabinet may adjust its capital investment and financing proposals to reflect spending commitments and priorities but in deciding its final proposals should have regard to the prudential code requirements that all capital expenditure should be prudent, affordable and sustainable.

Treasury Management Framework

            Cabinetmayputforwardalternativeproposalsoramendmentstotheproposed Strategy in Appendix H to the report,butthesewouldhave tobeconsideredinlightoflegislative,professional andeconomicfactors,andimportantly,anyalternativeviewsregardingtheCouncil’s riskappetite.Assuchnofurtheroptionsanalysisisavailableatthis time.

           Furthermore,theStrategymustfitwithotheraspectsofCabinet’sbudgetproposals, suchas commercial investments together with traditional deposit interestestima  ...  view the full minutes text for item 69