Decision details
DRAFT 2020/21 REVENUE AND CAPITAL BUDGET
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
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
Publication date: 21/01/2020
Date of decision: 21/01/2020
Decided at meeting: 21/01/2020 - Cabinet
Effective from: 31/01/2020
Accompanying Documents:
- The budget 20-21 main report JAN FINAL PDF 702 KB
- Appendix 1 20-21 budget JAN FINAL PDF 408 KB
- Appendix 2 - RCC expenditure chart 2020-2021 PDF 220 KB
- Appendix 3 - MTFP JAN FINAL PDF 85 KB
- Appendix 4.1 Final PDF 716 KB
- Appendix 4.2 PDF 773 KB
- Appendix 5.1 PDF 531 KB
- Appendix 5.2 PDF 656 KB
- Appendix 6.1 PDF 369 KB
- Appendix 6.2 PDF 408 KB
- Appendix 7 - Earmarked Reserves updated JAN FINAL PDF 68 KB
- Appendix 8 - Capital Working Paper Report JAN FINAL PDF 80 KB
- Appendix 9 PDF 258 KB