Agenda and decisions

Budget, The Executive
Monday, 13th January, 2020 2.00 pm

Venue: Council Chamber, Council Offices, Llangefni. View directions

Contact: Ann Holmes 

Media

Items
No. Item

1.

Declaration of Interest

To receive any declaration of interest from any Member or Officer in respect of any item of business.

 

Additional documents:

2.

Urgent matters certified by the Chief Executive or her Appointed Officer

No urgent matters at the time of dispatch of this agenda.

Additional documents:

3.

Minutes pdf icon PDF 319 KB

To submit for confirmation, the draft minutes of the meeting of the Executive held on 16 December 2019.

Additional documents:

Decision:

It was RESOLVED that the minutes of the previous meeting of the Executive held on 16 December, 2019 were confirmed as correct.

4.

Draft Revenue Budget 2020/21 pdf icon PDF 569 KB

To submit a report by the Director of Function (Resources)/Section 151 Officer.

Additional documents:

Decision:

It was RESOLVED :-

 

·      To approve the Budget adjustments included in the Standstill Budget as set out in paragraph 3 to 7 of the report in Appendix 1;

 

·      To approve the standstill budget for 2020/21 of £142,203m and this should form the basis of the 2020/21 revenue budget;

 

·      To consult with the public and other stakeholders on a proposed increase in Council Tax for 2020/21 of between 4.5% and 5%;

 

·      After allowing for the proposed increase in Council Tax and the savings to be implemented, should any surplus funding be available, the Executive should determine how to use this surplus funding (as noted in paragraph 10.5);

 

·      That the Executive should seek the opinion of the public on the proposed budget strategy.

 

5.

Capital Budget 2020/21 pdf icon PDF 567 KB

To submit a report by the Director of Function (Resources)/Section 151 Officer.

Additional documents:

Decision:

It was RESOLVED :-

 

·      To recommend the following capital programme for 2020/21 to the full Council :-

 

£’m

 

2019/20 Schemes Brought Forward                                3,294

New One Off Capital Projects                                                5,158

Smallholdings funded from capital receipts                         100

21st Century Schools                                                               9,039

Housing Revenue Account                                                  17,138

 

Total Recommended Capital Programme 2020/21         39,903

 

Funded By:

 

General Capital Grant                                                              1.099

Supported Borrowing General                                              2,364

Capital Receipts                                                                           245

Capital Reserve                                                                            500

21st Century Schools Supported Borrowing                     2,680

21st Century Schools Unsupported Borrowing                3,679

HRA Reserve & In Year Surplus                                         14,228

HRA Unsupported Borrowing                                                  250

External Grants                                                                          7,572

2019/20 Funding Brought Forward                                      3,219

 

2020/21 Total Capital Funding                                             36,903

 

·      That the use of the VAT Leisure reserve and any potential capital receipts from the proposed sale of the golf course are considered by the Executive when the draft Developing Leisure Provision for Future Generations Plan is presented to the Executive.  The remaining £32k is carried forward as funding to be used in 2021/22;

 

·      To note the potential future funding requirements for 2021/22 onwards (as noted at Appendix 1, Table 3 and paragraph 5.5).