Issue - meetings

Budget 2021/22 to 2023/24 Guidelines and timetable

Meeting: 04/08/2020 - Corporate Overview and Scrutiny Committee (Item 6)

6 Budget 2021/22 to 2023/24 Guidelines and Timetable pdf icon PDF 611 KB

Report of the Chief Finance Officer

Minutes:

The Committee scrutinised a report of the Chief Finance Officer that had recommended to the Cabinet, at its meeting on 28th July 2020, approval of the budget guidelines, timetable and methods of public engagement to be used in preparing the budget and provisional budgets for 2021/22 and 2023/24.

 

The Council was legally obliged to set a balanced budget and the submitted report set out a planning process for the budget including details of the assumptions used in the preparation of the budget to ensure they were agreed, reasonable and consistently applied by all services. The Committee noted that the Council’s Cabinet, at its meeting on 28th July 2020, had approved the recommendations that were set out in paragraph 2 of the submitted report.

 

Decision:

1.    That the proposed budget timetable, as detailed at Appendix 1 of the submitted report, be noted.

2.    That the revenue assumptions as detailed at Appendix 2 of the submitted and which the Cabinet had agreed be incorporated into the budget setting process, be noted.

3.    That the revenue and capital budget principles referred to in Appendices 3 and 4 of the submitted report, be noted.

4.    The proposed methods of public engagement that were outlined in the submitted report, to be included as part of the 2021/22 budget setting process, be noted.

5.    The Committee notes the Revenue Budget update detailed in the submitted report.


Meeting: 28/07/2020 - Cabinet (Item 21)

21 Budget 2021/22 to 2023/24 Guidelines and Timetable pdf icon PDF 611 KB

Report of the Chief Finance Officer

Minutes:

Consideration was given to a report of the Chief Finance Officer which sought approval of the guidelines and timetable for the budget setting process 2020/21-2023/24.

 

Members were advised that there was significant impact on the Revenue budget as a result of the Covid-19 outbreak with ongoing uncertainty as to the level of government funding for local authorities beyond the current financial year.  The government intended to provide a one-year funding settlement for

2021/22. The wider reforms to local government funding had been delayed until 2022/23.

 

Alternatives considered

Cabinet could determine on differing timelines for the setting of the budget provided that they were undertaken within the principles that allowed for planning across all services so that assumptions used in the preparation of the budget were reasonable and consistently applied by all services within the statutory timeframe.

 

Resolved

1.    That approval is given to the proposed budget timetable detailed at Appendix 1 within the submitted report.

2.    That the revenue assumptions detailed in Appendix 2 within the submitted report be incorporated into the budget setting process.

3.    That approval is given to the revenue budget principles detailed in Appendix 3 within the submitted report.

4.    That approval is given to the capital budget principles detailed in Appendix 4 within the submitted report.

5.    That approval is given to the proposed methods of public engagement outlined in paragraph 4.9 within the submitted report, as part of the 2021/22 budget setting process.

6.    That the Revenue Budget update ne noted.

 

Reason for resolution

Cabinet is required to approve the proposed guidelines and timetable for setting the 2021/22 Budget and Provisional Budgets for 2022/23 and 2023/24 by September 2020.