Agenda item

CABINET RECOMMENDATIONS TO COUNCIL - GENERAL FUND REVENUE BUDGET 2021/22 AND MEDIUM TERM FINANCIAL STRATEGY 2022/23 TO 2025/26

To receive a report on Cabinet recommendations referred to Council in relation to General Fund Revenue Budget 2021/22 and Medium Term Financial Strategy 2022/23 to 2025/26.

Minutes:

Portfolio Holder for Corporate Governance, Finance and Resources introduced the report and in doing so explained that it has been a challenging year for the Council. It was explained that there is expected to be a budget surplus in 2022/23 and that the surplus would go into the Regeneration and Innovation Reserve. Members were informed that the financial future remains uncertain beyond 2022/23.

 

Councillor Graham seconded the motion.

 

During the debate the following comment was made:

  • The Council needed to be proactive in getting the £150 energy rebate to those that were entitled to it.

 

RESOLVED

 

Council

 

  1. Approved the proposals for General Expenses and Special Expenses Melton Mowbray as set out in Appendix B (i) and (ii) and summarised in section 4.5 of Appendix 1 be approved for inclusion in the 2022/23 budget resulting in the estimates set out in Appendix C;
  2. Approved the revenue budget for 2022/23 for General and Special Expenses as set out in Appendix C be approved resulting in an overall council tax increase of £5, the individual council tax levels being as set out in para 4.5.5 of Appendix 1;
  3. Approved that any surplus against the target working balance on General Expenses at 31 March 2022 is transferred to the General Expenses Working Balance and any shortfall is made up from the Corporate Priorities Reserve and for Special Expenses Melton Mowbray any surplus/deficit be transferred to/from the Special Expenses Reserve thereby bringing the actual Special Expenses Melton Mowbray Working Balance back to the target;
  4. Noted the changes made to the risk categorisation of budgets as set out in paragraph 4.6.2 of Appendix 1 and Appendix E;
  5. Approved that a new General Property Repair Fund be established using the residual balance on the Waterfield Leisure Centre Income Smoothing Reserve with delegation provided to the Director for Growth and Regeneration in consultation with the Director for Corporate Services to access the reserve to meet unexpected repairs and maintenance needs that arise during the year that cannot be met from existing revenue budgets.

 

The above resolution was voted for as follows:

 

FOR THE MOTION (23)

Bindloss, Browne, Chandler, Child, Cumbers, de Burle, Douglas, Evans, Faulkner, Fisher, Freer, Glancy, Graham, Higgins, Holmes, Illingworth, Orson, Posnett, Pritchett, Smith, Steadman, Webster, Wilkinson.

 

AGAINST THE MOTION (0)

 

ABSTAINING FROM THE MOTION (0)

Supporting documents:

 

A to Z of Council Services