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
- 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;
- 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;
- 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;
- Noted the changes made
to the risk categorisation of budgets as set out in paragraph 4.6.2 of
Appendix 1 and Appendix E;
- 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:
- General Fund Revenue Budget 2021-22 and Medium Term Financial Strategy 2022-23 to 2025-26, item CO63 PDF 186 KB
- Appendix 1 - General Fund Revenue Budget 2021-22 & MTFS report, item CO63 PDF 498 KB
- Appendix A - State of the Borough 2021, item CO63 PDF 3 MB
- Appendix B - Summary of Committee Estimates, item CO63 PDF 202 KB
- Appendix Ci - Growth - General Fund and Special Expenses, item CO63 PDF 67 KB
- Appendix Cii - Vacancy Savings Proposals, item CO63 PDF 61 KB
- Appendix D - Parish Council Precepts, item CO63 PDF 73 KB
- Appendix E - Risk Assessment of Budgets, item CO63 PDF 61 KB
- Appendix F - Statement of Revenue & Capital Reserves, item CO63 PDF 154 KB
- Appendix G - Purpose & Future Intentions of Reserves, item CO63 PDF 81 KB