Decision details

Financial Strategy 2020/21 to 2024/25

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Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Purpose of Report: To present the Financial Strategy, including detailed revenue budget proposals to the Executive.

Members will be asked to recommend the proposals to Full Council.

Decision:

Recommended: That Council approve the budget proposals set out in the report to Executive; in particular:

a) The net revenue expenditure requirement of £127.223m

b) A council tax requirement of £93.808m

c) The revenue growth proposals outlined in the body of the report

d) The 2020/21 revenue savings proposals outlined in Annex 2

e) The fees and charges proposals outlined in Annex 3

f) The consultation feedback set out in Annex 4

g) The Housing Revenue Account (HRA) growth set out in Annex 5, and the HRA savings proposals set out in Annex 6

h) The dedicated schools grant proposals outlined from paragraph 154

i) The use of £420k New Homes Bonus, £150k from the Lendal Bridge reserve and £150k Transport reserve to fund one-off investment, as outlined in paragraphs 86, 87 and 92.

Reason: To ensure a legally balanced budget.

Report author: Debbie Mitchell

Publication date: 14/02/2020

Date of decision: 13/02/2020

Decided at meeting: 13/02/2020 - Executive

Effective from: 18/02/2020

Accompanying Documents: