Issue - meetings
Medium Term Financial Strategy: Council Fund Revenue Budget 2020/21 - Corporate Services/Corporate Financing
Meeting: 14/11/2019 - Corporate Resources Overview & Scrutiny Committee (Item 59)
Additional documents:
- Enc. 1 - Summary of pressures, item 59
PDF 198 KB
- Enc. 2 - Summary of efficiencies, item 59
PDF 250 KB
Decision:
(a) That the Committee endorses the Corporate Services and Corporate Finance efficiency proposals for 2020/21; and
(b) That the Committee endorses the Corporate Services and Corporate Finance cost pressures recommended for inclusion in the budget for 2020/21.
Minutes:
The Corporate Finance Manager presented a report on proposed budget efficiencies and cost pressures for Corporate Services and Corporate Finance pending the completion of ongoing work on corporate finance options and resolution of the Welsh Government (WG) budget.
In welcoming the report, Councillor Heesom raised concerns about any increase in the working assumption on Council Tax. Councillor Roberts explained that this was an indicative amount included for budgeting purposes and that in the absence of a significant uplift in funding from WG, there would be no appetite across the Council Chamber for a higher increase.
The Corporate Finance Manager provided clarification to Councillor Bateman about the revenue and capital implications from the shortfall in rental income from the disposal of properties.
The recommendations were moved by Councillor Johnson and seconded by Councillor Bateman. Councillor Heesom asked that he be recorded in the minutes as abstaining and noting the report.
RESOLVED:
(a) That the Committee endorses the Corporate Services and Corporate Finance efficiency proposals for 2020/21; and
(b) That the Committee endorses the Corporate Services and Corporate Finance cost pressures recommended for inclusion in the budget for 2020/21.