Agenda

Budget, Executive
Tuesday, 21st January, 2020 6.00 pm

Venue: Town Hall, Penrith

Contact: Members Services 

Items
No. Item

1.

Apologies for Absence

2.

Minutes

RECOMMENDATION that the public minutes E/63/12/19 to E/75/12/19 of the meeting of the Executive held on 3 December 2019 be confirmed and approved by the Chairman as a correct record of those proceedings (copies previously circulated).

 

3.

Declarations of Interest

To receive declarations of the existence and nature of any private interests, both disclosable pecuniary and any other registrable interests, in any matter to be considered or being considered.

 

4.

Questions and Representations from the Public

To receive questions and representations from the public under Rules 3 and 4 of the Executive Procedure Rules of the Constitution

 

5.

Questions from Members

To receive questions and representations from Members under Rule 5 of the Executive Procedure Rules of the Constitution

 

6.

One Eden, Budget Proposals 2020/21 & Impact on Medium Term Financial Plan- Resources Portfolio Holder pdf icon PDF 598 KB

To consider report F6/20 from the Chief Finance Officer which is attached and which seeks to present the outcomes of the Phase 1 work on the Council’s One Eden Transformation Programme, outlining the impact on the Council’s Budget proposals and Medium Term Financial Plan (MTFP). To also consider the Revenue and Capital Budget Monitoring for Quarter 2 of 2019/2020, detail the draft Budget Proposals for 2020/21 for consultation and current MTFP for 2020/21 to 2023/24, and outline the steps being taken through the One Eden Transformation Programme to deliver a balanced budget at the Council meeting on 27 February 2020.

 

RECOMMENDATIONS that the Executive:

1.         Endorse the change in format and presentation of the Medium Term Financial Plan (MTFP) as set out in Appendix A.

2.         Endorse the Budget Guidelines set out in Appendix B.

3.         Note the Revenue and Capital Monitoring position as set out in Appendices C and D respectively.

4.         Endorse the review of the Heart of Cumbria (HoC) investment project as set out at paragraph 4.30 of the report.

5.         Endorse a full review of the Council’s Reserves and Balances as set out at paragraph 4.35 of the report.

6.         Note the implications of the Provisional Local Government Finance Settlement as set out in section 5 of the report.

7.         Approve the proposal to consult on an increase in Council Tax of £5 per annum on a Band D property.

8.         Consider and recommend the draft Revenue Budget 2020/21 for consultation as set out at Appendix F.

9.         Note the revised Medium Term Financial Plan 2020/21 – 2023/24 at Appendix G.

10.       Note the Capital Programme 2020/21 to 2023/24, as set out at Appendix H.

 

 

7.

Any Other Items which the Chairman decides are urgent

8.

Date of Next Scheduled Meeting

The date of the next scheduled meeting be confirmed as 25 February 2020.