Agenda item

Referral Report from Policy and Resources Committee, 4th February 2020 - Proposed Budget 2020/21 and Medium Term Financial Plan 2020/21 – 2024/25

1.   That Council approves the proposed Budget and Council Tax for 2020/21 as set out in this report.  In particular:

 

a.   The Budget Requirement for Worcester City Council (excluding Parish Precepts) 2020/21 at £10,746,372;

 

b.   The Council Tax Requirement for Worcester City Council (excluding Parish Precepts) 2020/21 at ££6,154,506; and

 

c.   The Band D Council Tax for Worcester City Council (excluding Parish Precepts) at £190.88;

 

2.   That Council approves the Council Tax Resolution 2020/21 set out at Appendix 8 (to follow - final figures will be confirmed in advance of the Council meeting once all the precept information has been confirmed);

 

3.   That Council approves the proposed Budget for 2020/21 as detailed in the following appendices:

 

i.    the summary budget 2020/21 as set out at Appendix 1;

 

ii.   the detailed Budget 2020/21 as set out in the Budget Book at Appendix 2;

 

iv.  the Treasury Management Strategy Statement 2020/21 as set out in Appendix 3;

 

v.   the Pay Policy Statement 2020/21 as set out in Appendix 4;

 

vi.  the detailed Fees and Charges 2020/21 as set out in Appendix 5 and in Appendix 5a (exempt item);

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4.   That Council approve the proposed Medium Term Financial Plan for the next five year period 2020/21 – 2024/25 as detailed in the following appendices:

 

i.    the summary MTFP 2020/21 - 2024/25 as set out in Appendix 1;

 

ii.   the Capital Programme and Capital Financing as set out in Appendix 6;

 

iii.  the forecast Earmarked Reserves balance at 31 March 2020 as set out in Appendix 7; and

 

5.   That Council endorse the list of proposed projects in Appendix 8.

 

Contact Officer: Shane Flynn, Corporate Director – Finance and Resources

Tel: 01905 722536

Minutes:

The Council considered a referral report from the Chairman of the Policy and Resources Committee.

 

The Council were recommended to approve the proposed the Budget and Council Tax 2020/21 and Medium Term Financial Plan 2020/21 – 2024/25. The Council were asked to approve the Budget and Council Tax, including the Treasury Management Strategy Statement 2020/21, Pay Policy Statement 2020/21 and Fees and Charges 2020/21.

 

The proposed Medium Term Financial Plan included the Capital Programme and Capital Financing and the Earmarked Reserves Balance.

 

The report also set out proposals to be funded from the City Plan Fund. The amounts were allocations only and would require a further report to the relevant committee before any expenditure is incurred.

 

Members spoke in support of the proposals.

 

It was proposed by Councillor Stephen and seconded by Councillor Bayliss and on being put to the vote it was agreed and

 

RESOLVED: That the Council:

 

1.    approve the proposed Budget and Council Tax for 2020/21 as set out in this report, in particular:

a.  the Budget Requirement for Worcester City Council (excluding Parish Precepts) 2020/21 at £10,746,372;

b.the Council Tax Requirement for Worcester City Council (excluding Parish Precepts) 2020/21 at ££6,154,506; and

c.  the Band D Council Tax for Worcester City Council (excluding Parish Precepts) at £190.88;

2.    approve the Council Tax Resolution 2020/21 set out at Appendix 9;

 

3.    approve the proposed Budget for 2020/21 as detailed in the

      following appendices:

i.       the summary budget 2020/21 as set out at Appendix 1;

ii.     the detailed Budget 2020/21 as set out in the Budget Book at Appendix 2;

iv.  the Treasury Management Strategy Statement 2020/21 as set out in Appendix 3;

v.   the Pay Policy Statement 2020/21 as set out in Appendix 4;

      vi.  the detailed Fees and Charges 2020/21 as set out in Appendix 5 and in Appendix 5a (exempt item);

4.    approve the proposed Medium Term Financial Plan for the next five year period 2020/21 – 2024/25as detailed in the following appendices:

             i.   the summary MTFP 2020/21 - 2024/25 as set out in Appendix 1;

           ii.   the Capital Programme and Capital Financing as set out in Appendix 6;

          iii.   the forecast Earmarked Reserves balance at 31 March 2020 as set out in Appendix 7; and

 

5.    endorse the list of proposed projects in Appendix 8.

Supporting documents: