Decision details

DECISION:

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.

RECOMMENDED TO COUNCIL:

• 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).

To comply with the budgetary and policy framework

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

None