Decision details

RESOLVED: That the increase in the 2020/21 working budget of £291k, as detailed in table 5 be approved.

RECOMMENDED TO COUNCIL:

(1)       That the position on the Collection Fund and how it will be funded be noted.

(2)       That the position relating to the General Fund balance and that due to the risks identified a minimum balance of £3.85 million is recommended be noted.

(3)       That the savings and investments as detailed in Appendix B be approved.

(4)       That a net expenditure budget of £18.391m, as detailed in Appendix C be approved. In the event of a £10 band D increase being allowed, then Appendix D would apply,

(5)       That a Council Tax increase by the maximum allowed without the need for a local referendum in 2021/22(as per the Medium Term Financial Strategy) be approved. This is likely to be an amount of £5 for a band D property, with other increases pro-rata to this. However in response to the consultation on the Local Government settlement, a £10 increase for a band D property (other bands pro-rate) may be allowed.

(6)       That, in the event that a £10 increase in 2021/22 is allowed, the additional funding (£247k) be set aside for Covid support for residents, in 2021/22 only.

(7)       That Citizens Advice North Herts be allocated an additional £50,000 funding in 2021/22 only.

REASONS FOR DECISIONS:

(1)       To ensure that all relevant factors are considered in arriving at a proposed budget and Council Tax level for 2021/22, to be considered by Full Council on 11 February 2021.

(2)       To ensure that Cabinet recommends a balanced budget to Full Council on 11 February 2021.