Issue - meetings

CE 18/19-68 Medium Term Financial Strategy 2020-24

Meeting: 20/02/2020 - Council (Item 71)

71 Recommendation from Cabinet: Medium Term Financial Strategy 2020-24 pdf icon PDF 48 KB

To consider the recommendations of Cabinet.

 

Note: The report on this item has been circulated as a separate document to all members of the Council. Members are asked to bring their copy to the meeting.

 

Additional documents:

Minutes:

Cabinet, at its meeting on 4 February 2020, had considered a report presenting the Medium-Term Financial Strategy for Cheshire East Council for the years 2020/21 to 2023/24. The report set out how the Council would approach the financial challenges over the medium term and forecast a balanced budget for 2020/21.

 

Cabinet had recommended to Council the items in Appendix A to the report, along with the two amendment proposed at the Cabinet meeting by the Leader of the Conservative Group, as amendments to the Medium Term Financial Strategy 2020-2024 for inclusion in the Capital Addendum. 

 

The recommendation from Cabinet was proposed and seconded.  Following debate, and in accordance with legislation, a recorded vote was carried out in respect of this item, with the following results:

 

FOR

Councillors Q Abel, J Barber, L Braithwaite, S Brookfield, C Browne, C Bulman, P Butterill, S Carter, S Corcoran, L Crane, A Critchley, D Edwardes, B Evans, H Faddes, A Farrall, K Flavell, T Fox, M Goodwin, S Handley, S Hogben, M Houston, M Hunter, D Jefferay, L Jeuda, I Macfarlane, N Mannion, D Marren, A Moran, B Murphy, J Nicholas, J Parry, S Pochin, B Puddicombe, J Rhodes, L Roberts, J Smith, A Stott, R Vernon and M Warren.

 

AGAINST

None

 

ABSTAIN

Councillors  M Addison, R Bailey, M Beanland, M Benson, D Brown, J Buckley, B Burkhill, J Clowes, S Davies, T Dean, S Edgar, JP Findlow, R Fletcher, A Gage, S Gardiner, P Groves, G Hayes, S Holland, A Kolker, C Leach, A Martin, D Murphy, K Parkinson, P Redstone, J Saunders, M Simon, L Smetham, D Stockton, L Wardlaw, J Weatherill, P Williams, J Wray and N Wylie.

 

The motion was declared carried with 39 votes for, 0 against and 33 not voting.

 

RESOLVED:

 

 That Council approves:-

 

1          The Revenue estimates for the 2020/21 budget and the medium term Capital Programme estimates 2020-24, as detailed in the Medium Term Financial Strategy Report (MTFS) 2020-24 (Appendix C to the report).

 

2          Band D Council Tax of £1,503.98 representing an increase of 3.99%. This being below the referendum limit (including 2% ringfenced for Adult Social Care) and arises from the provisional finance settlement (Appendix C, Section 2 to the report).

 

3          The 2020/21 non-ring-fenced Specific Grants, and that any amendments to particular grants will be reported to Council if further information is received from Government Departments or other funding bodies (Appendix C, Annex 8 to the report).

 

4          The 2020/21 Capital Grants, and that any amendments to particular grants be reported to Council if further information is received from Government Departments or other funding bodies (Appendix C, Annex 9 to the report).

 

5          The relevant Portfolio Holder to agree the use of additional Specific Grants received in conjunction with the Finance Portfolio Holder as further updates to the 2020/21 funding position are received.

 

6          The recommended Prudential Indicators for Capital Financing (Appendix C, Annex 11 to the report).

 

7          The Portfolio Holder for Children  ...  view the full minutes text for item 71