Cabinet:
1) NOTED the year end forecast and financial position for the General Fund and Special Expenses for 2021/22.
2) RECOMMENDED to Council:
a) 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 the report be approved for inclusion in the 2022/23 budget resulting in the estimates set out in Appendix C;
b) 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 paragraph 4.5 of the report;
c) 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;
d) Members note the changes made to the risk categorisation of budgets as set out in paragraph 4.6.2 of the report and Appendix E;
e) 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.
Cabinet
1) NOTED the year end forecast and financial position for the General Fund and Special Expenses for 2020/21;
2) DELEGATED authority to the Director for Corporate Services to make any amendments necessary to the estimates prior to their submission to Council for approval, as a result of changes to the final finance settlement over the provisional and as a result of the final NNDR 1 form used to calculate retained business rates;
3) RECOMMENDED to Council, subject to any amendment arising from the final finance settlement that:
i. The proposals for General Expenses and Special Expenses Melton Mowbray be approved for inclusion in the 2021/22 budget resulting in the estimates;
ii. Delegated authority be given to the Director for Corporate Services to release the funding for the growth items for town centre improvements, place survey and discretionary council tax support subject to conditions;
iii. The revenue budget for 2021/22 for General and Special Expenses be approved, resulting in an overall council tax increase of £5;
iv. Any increase or shortfall against the target working balance on General Expenses at 31 March 2021 be transferred to/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 balance back to the target;
v. Members note the changes made to the risk categorisation of budgets.