Decision details

a.         Item referred from Cabinet 23 June 2020 – Corporate Peer Challenge Action Plan

RESOLVED:

(1)       That the Special Reserve be used to fund a small transformation team for a period of 18 months from October 2020, with an estimated total cost of £150k (£50k in 2020/21 and £100k in 2021/22);

(2)       That agreeing the specification for, and intended outcomes of, the transformation programme be delegated to the Leader, Deputy Leader, Executive Member for Finance and IT, Managing Director and Service Director Resources;

(3)       That training be a requirement for elected Members who wish to take part in the planning process.

REASON FOR DECISIONS: To ensure that the Council responds to the matters identified within the CPC report, ensuring that the benefits of the CPC process are realised.

b.         Item referred from Cabinet 23 June 2020 – Revenue Budget Outturn

RESOLVED: That the net transfer to earmarked reserves, as identified in table 8, of £2.161million be approved.

REASONS FOR DECISION:

(1)      Members are able to monitor, make adjustments within the overall budgetary framework and request appropriate action of Services who do not meet the budget targets set as part of the Corporate Business Planning process.

(2)      Changes to the Council’s balances are monitored and approved.

NB: At 21.01 the meeting was adjourned for a comfort break. The meeting reconvened at 21.06 and the Committee, Member and Scrutiny Manager undertook a roll call of Members and Officers to ensure that they could hear and be heard.

c.         Item referred from Cabinet 23 June 2020 – Investment Strategy (Capital and Treasury) End of Year Review

RESOLVED:

(1)       That the actual 2019/20 prudential and treasury indicators be approved:

(2)       That the annual Treasury Report for 2019/20 be noted.

REASON FOR DECISIONS:

(1)       Cabinet is required to approve adjustments to the capital programme and ensure the capital programme is fully funded.

(2)       To ensure the Council’s continued compliance with CIPFA’s code of practice on Treasury Management and the Local Government Act 2003 and that the Council manages its exposure to interest and capital risk.