The Pre-Decision Scrutiny Questions and officer responses were noted.

DECISION

1.    To note the updated draft budget position for 2021-22 to 2023-24, and specifically that a further gap has arisen in 2021-22 since this was last reported to Cabinet.

2.    To note the need to set a balanced budget over the whole of the MTFS period and that prompt and decisive action is required urgently to address the challenging financial position outlined in the report as highlighted by the now increased budget gaps.

3.    To Note the issues and actions set out in this report that are informing the development of the MTFS for 2021-24 which will include the following recommendations: -

4.    To remove the previously agreed growth item in the MTFS relating to Early Help, in the sum of £0.475m (see paragraph 3.72); and

5.    To approve the revised policy for management of the New Homes Bonus specific grant so that it fully supplements the revenue budget going forward.

6.    To note the indicative timeline of formal budget consultation with residents, businesses and other key stakeholders and to receive feedback on the consultation at Cabinet in December.

Action by:

CORPORATE DIRECTOR, RESOURCES (N. MURTON)

(Interim Divisional Director, Finance, Procurement and Audit (K. Bartle)

Councillor Candida Ronald, Cabinet Member for Resources and the Voluntary Sector, introduced the report. She highlighted the very large negative impact the current COVID-19 pandemic was having both in terms of pressure of additional spending as well as loss of future income. This was on top of the existing demands being placed on services such as adult social care. It was also noted that delivering pre-agreed savings was vital to the budget planning process.

The Mayor noted the pre-decision scrutiny questions and officer responses and agreed the recommendations as set out.

RESOLVED

1.    To note the updated draft budget position for 2021-22 to 2023-24, and specifically that a further gap has arisen in 2021-22 since this was last reported to Cabinet.

2.    To note the need to set a balanced budget over the whole of the MTFS period and that prompt and decisive action is required urgently to address the challenging financial position outlined in the report as highlighted by the now increased budget gaps.

3.    To Note the issues and actions set out in this report that are informing the development of the MTFS for 2021-24 which will include the following recommendations: -

4.    To remove the previously agreed growth item in the MTFS relating to Early Help, in the sum of £0.475m (see paragraph 3.72); and

5.    To approve the revised policy for management of the New Homes Bonus specific grant so that it fully supplements the revenue budget going forward.

6.    To note the indicative timeline of formal budget consultation with residents, businesses and other key stakeholders and to receive feedback on the consultation at Cabinet in December.