Agenda item

To consider the Council’s Budget Strategy Update.

Contact: Eamonn Croston, Service Director - Finance

That Council endorses the resolution of Cabinet held on 12 October 2021, as set out below;

(i)             That the funding and spend assumptions informing the updated budget forecasts, as set out at paras. 2.3 to 2.12 of the considered report be noted.

(ii)            That the current and forecast earmarked reserves and general balances, as set out at Appendix B, be noted.

(iii)          That the decision on the preferred option for Business Rates Pool arrangements for 2022/2023 be delegated to the Chief Executive and Service Director (Finance), in consultation with the Leader and Cabinet Member, as set out at para. 2.4, be noted.

(iv)          That the updated multi-year capital budget plans, as set out at Appendix D, be noted.

(v)           That the financial planning framework, as set out at para 1.6, be approved.

(vi)          That the corporate budget timetable and approach, as set out at Appendix F, be noted.

(vii)         That authority be delegated to the Strategic Director (Corporate Strategy, Commissioning and Public Health) to agree the approach to budget consultation and relevant timescales in consultation and relevant timescales in consultation with the Cabinet Member for Corporate Services.

(viii)       That amended wording as follows be noted; para 1.5.3 delete ‘…Huddersfield Market High Street Fund Bid at £18m…’ and at para 1.8.6 insert ‘…and consider options for the previously unsuccessful Huddersfield Market High Street Fund Bid at £18m…’