Agenda

Unless already entered in the Council’s Register of Members’ interests, members are required to disclose any personal interest (which includes any disclosable pecuniary interest) they may have in any of the items included on the agenda for the meeting in accordance with the Code of Conduct adopted by the Council on 4 July 2012, and are reminded that if they have any personal interests of a prejudicial nature (as defined under paragraph 17 of the Code Conduct) they must not participate in any discussion or vote on the matter and must leave the room. NB Any member needing clarification must contact Legal Services, on 01670 623324. Please refer to the guidance on disclosures at the rear of this agenda letter.

The following report will be considered by Cabinet on 9 February 2021. The Committee is asked to comment on the proposals contained in the report. Those comments will be presented to the Cabinet by the Chair.

Budget 2021-22 and Medium-Term Financial Plan 2021-24

The purpose of this report is to enable the Cabinet to make formal budget

recommendations to the County Council.

The report provides the Revenue Budget for 2021-22 and Revenue Medium-Term Financial Plan (MTFP) 2021-24 and the Capital Budget for 2021-22 and Capital MTFP to 2021-24, following the Government’s Spending Round Announcement 2020 (SR 2020), on 25 November 2020, and the publication of the provisional Local Government Finance Settlement on 17 December 2020.

It is important to note that there may need to be some revisions to the figures following receipt of the Government’s February 2021 Final Local Government Finance Settlement figures. It is proposed that any changes to the figures as a result of this announcement, which impact on the Budget 2021-22 and MTFP 2021-24 are delegated to the Council’s Section 151 Officer in consultation with the Portfolio Holder for Corporate Services.

The Cabinet members requested to attend for this item is Councillors H.G.H. Sanderson and N. Oliver.

All Members are requested to retain this report for the Council meeting on 24 February. Cabinet Members are requested to all keep the report for the Cabinet meeting on 9 February 2021.

To consider such other business as, in the opinion of the Chair, should, by reason of special circumstances, be considered as a matter of urgency.