BRIGHTON & HOVE CITY COUNCIL
Policy & Resources Committee
4.00pm 11 February 2021
Virtual
decision list
Part One |
149
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General Fund Revenue Budget, Capital and Treasury Management Strategy 2021/22
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Contact Officer: |
Rob Allen |
Tel: 01273 291245 |
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Ward Affected: |
All Wards |
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(1) That the Administration’s proposed budget and Council Tax increase on the Brighton & Hove element of the council tax, subject to the necessary revision to account for the approved joint amendment be approved, comprising: (i) A general Council Tax increase of 1.99%; (ii) An Adult Social Care Precept increase of 3.00%; (iii) The council’s net General Fund budget requirement for 2021/22 of £218.571m before accounting for the exceptional Section 31 item of -£33.764m; (iv) The 2021/22 budget allocations to services as set out in the Budget book at Appendix 1 incorporating 2021/22 savings proposals; (v) The reserves allocations as set out in the table at paragraph 5.26; (vi) A recommended working balance of £9.000m.
(2) That the updated Medium-Term Financial Strategy included in the Budget Book at Appendix 1 be noted;
(3) That the Capital Strategy for 2021/22 at Appendix 2 be approved, comprising: (i) The strategy for funding the investment in change, including the flexible use of capital receipts as set out in section 7; (ii) The capital resources and proposed borrowing included at Annex A of the Capital Strategy; (iii) The Capital Investment Programme for 2021/22 of £221.103m included within the Budget book at Appendix 1 and incorporating allocations to strategic funds. (4) That the Equalities Impact Assessments to cover all relevant budget options and their cumulative effect as set out in Appendices 6 and 7 be noted;
(5) That it be further noted that the budget decision is an indicative resourcing decision to be taken in the context of the explanation in the Legal Implications paragraph 17.3;
(6) That the Treasury Management Strategy Statement as set out in Appendix 3 be approved, comprising: (i) The Annual Investment Strategy; (ii) The Prudential and Treasury Indicators; (iii) The Minimum Revenue Provision policy; (iv) The authorised borrowing limit for the year commencing 1 April 2021 of £541m.
(7) That it be noted that supplementary information needed to set the overall council tax will be provided for the budget setting Council meeting as listed in paragraph 11.3.
RESOLVED: That the council’s appointed S151 Chief Financial Officer be authorised to make any necessary technical, presentational or consequential amendments to this report before submission to full Council. |
150
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Housing Revenue Account Budget and Capital Investment Programme 2021/22 and Medium-Term Financial Strategy
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Contact Officer: |
Martin Reid |
Tel: 01273 293321 |
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Ward Affected: |
All Wards |
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RESOLVED:
(1) That the updated HRA revenue budget for 2021/22 as shown in Appendix 2 be approved; and
(2) That the 3-year programme as set out in Appendix 4 be noted and that the Capital Programme Budget of £38.395m for 2021/22 be approved.
Note:
Councillors Bell and Miller wished their names recorded to show that had the item been called and voted on they would have abstained from voting. |
151
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Targeted Budget Management (TBM) 2020/21:Month 9
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Contact Officer: |
Jeff Coates |
Tel: 01273 292364 |
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Ward Affected: |
All Wards |
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RESOLVED:
(1) That the forecast risk position for the General Fund, which indicates an underspend of £4.812m be noted. This includes an underspend of £0.035m on the council’s share of the NHS managed Section 75 services;
(2) That the forecast net Collection Fund deficit of £8.530m be noted;
(3) That the forecast for the Housing Revenue Account (HRA), which is currently an underspend of £0.583m be noted;
(4) That the forecast risk position for the Dedicated Schools Grant which is an underspend of £0.267m be noted;
(5) That the forecast outturn position on the capital programme which is a forecast underspend of £5.340m be noted; and
(6) That it be agreed to pause the disposal of non-core assets intended for the Stanmer Traditional Agricultural Buildings scheme pending the outcome of the City Downland Estate Plan (CDEP) as set out at paragraph 9.4 of the report. |
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