Medium Term Financial Strategy (Revenue and Capital) 2018-23
Decision status: Deleted
Is Key decision?: Yes
Is subject to call in?: No
To approve and recommend to Council:
• The MTFS including the Revenue Budget and Capital Programme.
• The MRP Policy.
• Treasury Management Strategy.
• Prudential Indicators.
Cabinet recommended to Council for approval:
1.1 The 2019/20 Revenue Budget, including the Amount to be met from Government Grants and Local Taxpayers of £11,371,400 and a proposed level of Council Tax (the District Council element) for 2019/20 of £175.07 (an increase of £5.08 or 2.99%) for a Band D equivalent property.
1.2 The Medium Term Financial Strategy 2018-23 (MTFS 2018-23) Revenue Budgets set out in Appendix A of the report including the results of the Budget Consultation.
1.3 The MTFS 2018-23 Capital Strategy and Capital Programme (appendices B & C of the report).
1.4 The Minimum Revenue Provision Statement 2019/20, at Appendix D of the report, which sets out the Council’s policy of using the asset life method as the basis for making prudent provision for debt redemption.
1.5 Treasury Management Strategy Statement for 2019/20 including proposed changes (Appendix E of the report).
1.6 The Investment Strategy Report (Appendix F of the report) including the proposed limits for 2019/20.
1.7 The Capital and Treasury Prudential Indicators for 2018-23 in the financial implications section of the report.
1.8 The Authorised Limit Prudential Indicator shown within the financial implications section of the report.
1.9 The requirements and duties that the Local Government Act 2003 places on the Authority on how it sets and monitors its Budgets, including the CFO’s report on the robustness of the Budget and adequacy of Reserves shown in Appendix G of the report.
Report author: Anthony Thomas
Publication date: 13/02/2019
Date of decision: 12/02/2019
Decided at meeting: 12/02/2019 - Cabinet