RESOLVED:
(1) That the decrease in the 2019/20 working budget of £187K, as detailed in table 6 be approved:
(2) That the carry-forward of £88K of budget into 2020/21, as detailed in table 6 be approved.
RECOMMENDED TO COUNCIL:
(1) That the transfers from reserves to the General Fund as detailed in 8.4.3 to 8.4.4 be approved:
(2) That the forecast savings target for future years be noted and the approach to balancing the budget, as detailed at Paragraph 8.9.4 be confirmed;
(3) That the position on the Collection Fund and how it will be funded be noted:
(4) That the position relating to the General fund balance and that due to the risks identified a minimum balance of £2.45 million is recommended be noted;
(5) That the saving and investments as detailed in Appendix B be approved;
(6) That a net expenditure budget of £15.124m, as detailed in Appendix C be approved;
(7) That a Council Tax increase of £5 for 2020/21 for a band D property, with other increases pro rata for this (as per the Medium Term Strategy) be approved.
REASON FOR DECISIONS:
(1) To ensure that all the relevant factors are taken into consideration when arriving at the proposed Council Tax precept for 2020/21;
(2) To ensure that Cabinet recommends a balanced budget to Full Council on 6 February 2020.