Decision details

2020/21 Final Budget, Medium Term Plan and Capital Strategy

Decision Maker: Cabinet

Decision status: Recommmend Forward to Council

Is Key decision?: No

Is subject to call in?: Yes


To consider the Final General Fund and Housing Revenue Account 2020/21 revenue and capital estimates and the Final Financial Medium Term Plan (for Recommendation to Council)




That delegated authority be given to the Executive Director Commercialisation (S151), in consultation with the Portfolio Holder for Finance, Strategy & Partnerships, to make any necessary amendments to the budget prior to Council due to late notifications.




  • That the Revenue Estimates for the General Fund, Housing Revenue Account and Spalding Special Expenses for 2021/22 (Appendices A, B, C and I) be approved
  • That the use of reserves (Appendix D) be approved
  • That the Council Tax for a Band A property in 2021/22 be set at £123.12 (a £3.30 per annum increase on 2020/21 levels) and band D £184.68 for 2021/22 (a £4.95 per annum increase on 2020/21 levels).
  • That the Spalding special expense for a Band A property be set at £16.12 for 2021/22, (previously £15.88 in 2020/21) and Band D £24.18 for 2021/22 (previously £23.82 in 2020/21).
  • That the Medium Term Financial Strategy (Appendix B) be approved.
  • That Housing Revenue Account weekly dwelling rents increase by 1.5% over the previous year, 2020/21, with effect from Monday 5th April 2021. This is in line with current government guidelines and legislation.
  • That the Capital Strategy and Capital Programme (Appendices E and F) be approved.
  • That the Treasury Management Strategy, including the Minimum Revenue Provision policy and Investment Strategy be approved (Appendix G and H).



Reasons for the decision:

To comply with the budgetary and policy framework

Alternative options considered:

No alternative options were presented but amendments could have been made by the Cabinet before release to Council.


Interests and Nature of Interests Declared:


Wards Affected: (All Wards);

Conflict of Interest: None

Dispensation Granted: None

Contact: Carl Holland, Deputy Head of Finance Email:, Samantha Knowles, Strategic Finance and Compliance Manager Email:

Report author: Carl Holland

Publication date: 18/02/2021

Date of decision: 16/02/2021

Decided at meeting: 16/02/2021 - Cabinet

Effective from: 26/02/2021

Current call-in Count: 0

Accompanying Documents: