Agenda item

Report of the Chief Finance Officer

·       General fund budget 2020/21 and capital programme

·       Housing revenue account budget 2020/21

·       Treasury Management and Prudential Indicators 2020/21, Capital Strategy & Investment Strategy

Homira Javadi, Chief Finance Officer, presented the Draft Budget Report which provided detail on the updated forecast financial position for the Council in 2020/21. During discussion the following points were highlighted:

It was confirmed that, in terms of business rates retention, the assumptions in the figures were based on what was currently being achieved. There were a number of factors that impacted on the Council’s ability to forecast business rates growth, other than inflationary increases.

RESOLVED to:

1)    Note the Draft Budget Proposals for 2020/21; and

2)    Note that there were no recommendations to the Cabinet.