That the Motion be submitted to the Meeting of Council on 10 February 2021 with a recommendation that;
(i) General Revenue Fund
- the draft Revenue Budget 2021/2022 be approved, as attached at Appendix A
- the forecast spending and funding plans for the 2022-2026 period, as set out at Appendix A, be noted
- the forecast levels of statutory and other Council reserves, as set out at Appendix Bii, be noted.
- the strategy for the use of balances and reserves be approved (paragraph 2.13 refers)
- the Council’s participation in the Leeds City Region Business Rates Pool for 2021/22 be noted and that a further report be submitted to Cabinet in March 2021 to formally agree the new arrangements
- the 2020/21 Council tax base for the whole of the Kirklees area, and the Council tax bases for the five Parish and Town Councils for 2021/22, (Appendix Gi refers) be approved (as determined at Agenda Item 8)
- the Council Tax requirement for 2021/2022 (Appendix G refers) be approved
- the Council’s Statutory s151 Officer’s positive assurance statement (paragraphs 3.3.1 - 3.3.19) be noted
- the Council’s Statutory s151 Officer be given delegated authority to amend how the finally approved precepts are recorded in the Council’s revenue budget in line with the final notifications received following decisions by the Office of Police and Crime Commissioner, the Fire and Rescue Authority and Parish Councils should these be received after 10 February 2021 (paragraph 3.1.3 refers)
(ii) Treasury Management
- the borrowing strategy be approved (paragraphs 2.15 – 2.23 refer)
- the investment strategy be approved (paragraphs 2.24 – 2.33 refer)
- the policy for provision of debt (minimum revenue provision) be approved (paragraphs 2.34 – 2.38 and Appendix C refers)
- that paragraph 2.38 of the treasury management report, to which recommendation 6.12 refers, be amended as follows ‘the Officer recommendation is to maximise the remaining balance of MRP unwind of £49.5m, over the 2020-2024 period to support the Council’s medium term budget strategy’.
- the treasury management indicators be approved (Appendix D refers)
- the Investment Strategy (Non Treasury Investments) be approved (Appendix E refers)
(iii) Capital
- the updated Capital Plan for 2020-2026 be approved (Appendix A refers)
- the capital strategy (including Prudential Indicators) be approved (Appendix E refers)
(iv) Housing Revenue Account
- the draft HRA budget for 2021/2022 be approved (Appendix A refers)
- the strategy for the use of HRA reserves be approved (Paragraph 2.15.5 refers)