Decision details

To provide Cabinet with details of the Draft Budget preparations to date.

Cabinet approved:

§  Overall Draft Budget 2020/21 and Medium Term Financial Strategy 2021/22 to 2024/25 as outlined in Appendix 1;

§  Savings and growth proposals as outlined in paragraph 4.1 to 4.6 (Appendices 3 and 4);

§  Draft Capital Programme 2020/21 to 2024/25 as outlined in paragraphs 9.1 and 9.2; and

§  Planned increase in Council Tax of 2.6% for 2020/21 and for the duration of the Medium term Financial Strategy as outlined in paragraphs 7.1 to 7.3 (Table 6).

To enable Cabinet to comment on the Draft Budget 2020/21 and the Medium Term Financial Strategy for the period 2021/22 to 2024/25 including:

§  how the budget has moved in comparison to the 2019/20 original budget and the 2019/20 forecast outturn;

§  draft capital programme 2020/21 to 2024/25; and

§  the impact on reserves.

As outlined in the report.

As outlined in the report.