Cabinet approved for consultation:

·         The General Fund Budget for 2020/21 detailed in Appendix 1 of the report, section 3 including savings proposals

·         The Directorate budgets per Appendices 4-6 of the report

·         An increase in Council Tax of 1.99% with a further 2% for the Adult Social Care precept

·         The capital programme as detailed in Section 4 of Appendix 1 of the report

·         The consolidation of the Insurance/Legal reserve into the earmarked “pressure reserve” with the ceiling on that reserve maintained at £1m.

·         The ceiling on the Extreme Weather reserve is increased from £100k to £200k

Cabinet noted:

·         That the funding position may change when the NNDR (business rates) tax base and local government finance settlement is finalised

·         That additional revenue or capital expenditure may be incurred in 2020/21 funded through 2019/20 budget under spends to be carried forward via earmarked reserves. The use of reserves for budget carry forwards is not currently shown in the budget but will have no impact on the General Fund

·         The estimated surplus of £126k on the Collection Fund as at 31 March 2020 (2.2 of Appendix 1 of the report) of which £108k is the Rutland share

·         That Council will be considering the Treasury Management Strategy and Capital Investment Strategy separately

·         The position on the Dedicated Schools Grant budget as per para 2.5 of the report