Decision details

To seek Cabinet approval for the budget strategy in respect of 2021/22 and the MTFP which includes consideration of the financial position and savings targets for each directorate.

To note the Budget Timetable Framework and forward this to council for approval.

RESOLVED: that

(1)       Agreement be given to the budget principles on which this Budget Strategy Report is based and the approach to meeting the Budget Reduction Requirement both in 2021/22 and across the period of the Medium Term Financial Plan within the context of the objectives set out in Capital Ambition.

(2)       directorates work with the relevant Portfolio Cabinet Member, in consultation with the Corporate Director Resources and Cabinet Member for Finance, Modernisation and Performance to identify potential savings to assist in addressing the indicative budget gap of £25.4 million for 2021/22 and £97.2 million across the period of the Medium Term Financial Plan.

(3)       Authority be delegated to the Chief Executive, in consultation with the Leader and Cabinet Member for Finance, Modernisation and Performance, to implement any saving proposal in advance of 2021/22 where no policy recommendation is required or where a policy decision has already been taken.

(4)       It be noted that work will continue to update and refresh the MTFP and that this will be reported to Members as appropriate. 

(5)       Council be recommended to agree that the Budget Timetable Framework set out in Appendix 2 be adopted, and that the work outlined is progressed with a view to informing budget preparation.

(6)       consultation on 2021/22 budget proposals will take place in order to inform the preparation of the draft 2021/22 Budget.