Decision details

To consider the recommendations

RESOLVED THAT:

Council be recommended to approve the following:

1.    The revised budget for 2019/20 be approved;

2.    The budget assessment be considered by the Section 151 Officer at Appendix 2 in agreeing the following recommendations;

3.    The final budget proposals including a proposed council tax for the services provided by Cheltenham Borough Council of £214.08 for the year 2020/21 based on a Band D property (an increase of 2.39% or £5.00 a year for a Band D property), as detailed in paragraphs 4.11 to 4.16, be approved;

4.    The growth proposals be approved, including one off initiatives at Appendix 4;

5.    A lending (overdraft) facility of up to £100,000 to the Cheltenham BID be approved, to facilitate the delivery of an ice rink as detailed in Section 7;

6.    The Executive Director Finance and Assets (in consultation with the Borough Solicitor) be authorised to take such actions and make such arrangements as are necessary for the implementation of the above lending facility to Cheltenham BID;

7.    The savings / additional income totalling £826,000 and the budget strategy at Appendix 5 be approved;

8.    The use of reserves and general balances be approved, and the projected level of reserves, as detailed at Appendix 6, be noted;

9.    The capital programme at Appendix 7 be approved;

10.  The programmed maintenance programme at Appendix 8 be approved;

11.  Cabinet note that the Council will remain in the Gloucestershire business rates pool for 2020/21 (paragraphs 4.4 to 4.10);

12.  The Pay Policy Statement for 2020/21 be approved, including the continued payment of a living wage supplement at Appendix 9;

13.  The Medium Term Financial Strategy (MTFS) detailed in Section 5 and Appendix 10 be approved;

14.  A level of supplementary estimate of £100,000 for 2020/21 be approved, as outlined in Section 13.