Agenda item
Budget And Business Planning 2021/22 - 2025/26 - Corporate Plan
Report by Director of Finance and Corporate Director Customers, Organisational Development & Resources (CC8)
This report is the culmination of the Budget and Business Planning process for 2021/22 to 2025/26. It sets out the Cabinet’s proposed budget for 2021/22, medium term financial plan to 2025/26 and capital programme to 2030/31, together with a number of strategies and policies that the Council is required to approve for the 2021/22 financial year.
The report is divided into four main sections which are outlined below:
Section 1 – Leader of the Council’s overview (to follow)
Section 2 – Corporate Plan
Section 3 – Statutory Report by the Director of Finance (Chief Finance Officer)
Section 4 – Revenue Budget Strategy
Section 5 – Capital Budget Strategy
The Council is RECOMMENDED to:
(a) approve the Corporate Plan as set out in Section 2;
(b) have regard to the statutory report of the Director of Finance (at Section 3) in approving recommendations c to e below;
(c) (in respect of the budget and medium term financial strategy – at Section 4) approve:
(1) the council tax and precept calculations for 2021/22 set out in Section 4.3 and in particular:
(i) a precept of £407,954,238.76;
(ii) a council tax for band D equivalent properties of £1,573.11;
(2) a budget for 2021/22 as set out in Section 4.4;
(3) a medium term financial strategy for 2021/22 to 2025/26 as set out in Section 4.1 (which incorporates changes to the existing medium term financial strategy as set out in Section 4.2);
(4) the Financial Strategy for 2021/22 at Section 4.5;
(5) the Earmarked Reserves and General Balances Policy Statement 2021/22 at Section 4.6 including:
(i) the Chief Finance Officer’s recommended level of General Balances for 2021/22 (Section 4.6), and
(ii) the planned level of Earmarked Reserves for 2021/22 to 2025/26 (Section 4.6)
(d) (in respect of capital – at Section 5) approve:
(1) the Capital & Investment Strategy for 2021/22 to 2030/31 including the Prudential Indicators and Minimum Revenue Provision Methodology Statement as set out in Section 5.1;
(2) a Capital Programme for 2021/22 to 2030/31 as set out in Section 5.5 which includes new capital proposals set out in Section 5.6 and the Property Strategy set out in Section 5.4; and
(3) the Investment Strategy for 2021/22 set out in Section 5.3.
(e) (in respect of treasury management) approve:
(1) the Treasury Management Strategy Statement and Annual Investment Strategy for 2021/22 at Section 5.2 including the Treasury Management Prudential Indicators and the Specified Investment and Non-Specified Investment Instruments.
(2) that any further changes required to the 2021/22 strategy be delegated to the Chief Finance Officer in consultation with the Leader of the Council and the Cabinet Member for Finance.
Minutes:
Before the Council was the report and annexes, an Addenda setting out the changes to the Cabinet’s proposed revenue budget for2021/22 and Medium Term Financial Strategy (MTFS) to 2025/26 arising from information received after the publication of Council papers on 1 February 2021; the Labour Group’s Amendment; the Leader of the Council’s Overview and the Schedule of Business.
Councillor Hudspeth moved and Councillor Bartholomew seconded the Cabinet’s recommendations in relation to the revenue budget for 2021/22 and Medium Term Financial Strategy (MTFS) to 2025/26 In moving and seconding the motion, Councillor Hudspeth and Councillor Bartholomew paid tribute to Lorna Baxter, Hannah Doney and the finance team for all their work in preparing the budget.
Councillor Brighouse moved and Councillor Phillips seconded an amendment to the Cabinet’s budget as set out below. Councillor Brighouse thanked the Director of Finance and her team for their work on the Budget.
The Council is RECOMMENDED (in respect of the budget and medium term financial strategy – at Section 4)to approve a budget for 2021/22 set out in Section 4.4 and a medium term financial strategy for 2021/22 – 2025/26 set out in Section 4.1 as amended in Labour Group Annex 1 below:
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Revenue |
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2021/22 |
2022/23 |
2023/24 |
2024/25 |
2025/26 |
Total |
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£m |
£m |
£m |
£m |
£m |
£m |
|
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Cabinet Position as per Council report |
0.000 |
7.047 |
0.000 |
0.000 |
0.000 |
7.047 |
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Children's Services |
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Amend : Youth Offer - Core Funding (22CS7) |
-0.500 |
-0.500 |
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Target part of Youth Offer to improve emotional & wellbeing support for young people. |
0.500 |
0.500 |
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Adult Services |
|
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Temporary Reduction to : Adult Social Care Risk Budget (22AS9) |
-0.225 |
0.225 |
0.000 |
|
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Apprenticeship Infrastructure Post - to lead and strengthen the use of the apprenticeship levy across the care sector in Oxfordshire (temporary post for one year) |
0.075 |
-0.075 |
0.000 |
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Temporary funding to explore options to stregthen the range of care models in Oxfordshire including social enterproses and microproviders |
0.150 |
-0.150 |
0.000 |
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Environment and Place |
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Remove : increase in charge for COMET service (22EP13) |
0.010 |
0.010 |
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One off use of Contingency Budget |
-0.010 |
0.010 |
0.000 |
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Increase in other discretionary charges from 2022/23 |
-0.010 |
-0.010 |
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Revised Overall Position |
0.000 |
7.047 |
0.000 |
0.000 |
0.000 |
7.047 |
|
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Difference to Cabinet Position as per Council report |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
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Having heard the proposal, with the consent of Council, Councillor Hudspeth accepted the Amendment from the Labour Group.
Following debate, the motion as amended was put to the vote and carried by 48 to 15.
Voting was as follows:
Councillors voting for the motion (48)
Afridi, Banfield, Bartholomew, Bartington, Azad, Billington, Brighouse, Bulmer, Carter, Cherry, Clarke, Constance, Corkin, Fatemian, Fenton, Field-Johnson, Fitzgerald O’Connor, Fox-Davies, Gawrysiak, Gray, Griffiths, Handley, Harrod, Haywood, Heathcoat, Hibbert-Biles, Hudspeth, Ilot, Lindsay-Gale, Lygo, Mallon, Matelot, Mathew, Mcllveen, Phillips, Pressel, Price, Reeves, Reynolds, Sames, Gill Sanders, John Sanders, Sibley, Stratford, Thompson, Turnbull, Waine and Walker.
Councillors voting against the motion (15)
Bearder, Buckley, Fawcett, Hanna, Hannaby, Harris, Howson, Johnston, Leffman, Roberts, Rooke, Emily Smith, Roz Smith, Sudbury and Webber.
Councillors abstaining on the motion (0)
It was accordingly:”
RESOLVED: (48 votes to 15) to:
(a) approve the Corporate Plan as set out in Section 2;
(b) have regard to the statutory report of the Director of Finance (at Section 3) in approving recommendations c to e below;
(c) (in respect of the budget and medium term financial strategy – at Section 4) approve:
(1) the council tax and precept calculations for 2021/22 set out in Section 4.3 and in particular:
(i) a precept of £407,954,238.76;
(ii) a council tax for band D equivalent properties of £1,573.11;
(2) a budget for 2021/22 as set out in Section 4.4;
(3) a medium term financial strategy for 2021/22 to 2025/26 as set out in Section 4.1 (which incorporates changes to the existing medium term financial strategy as set out in Section 4.2);
(4) the Financial Strategy for 2021/22 at Section 4.5;
(5) the Earmarked Reserves and General Balances Policy Statement 2021/22 at Section 4.6 including:
(i) the Chief Finance Officer’s recommended level of General Balances for 2021/22 (Section 4.6), and
(ii) the planned level of Earmarked Reserves for 2021/22 to 2025/26 (Section 4.6)
(d) (in respect of capital – at Section 5) approve:
(1) the Capital & Investment Strategy for 2021/22 to 2030/31 including the Prudential Indicators and Minimum Revenue Provision Methodology Statement as set out in Section 5.1;
(2) a Capital Programme for 2021/22 to 2030/31 as set out in Section 5.5 which includes new capital proposals set out in Section 5.6 and the Property Strategy set out in Section 5.4; and
(3) the Investment Strategy for 2021/22 set out in Section 5.3.
(e) (in respect of treasury management) approve:
(1) the Treasury Management Strategy Statement and Annual Investment Strategy for 2021/22 at Section 5.2 including the Treasury Management Prudential Indicators and the Specified Investment and Non-Specified Investment Instruments.
(2) that any further changes required to the 2021/22 strategy be delegated to the Chief Finance Officer in consultation with the Leader of the Council and the Cabinet Member for Finance.
(f) to approve a budget for 2021/22 set out in Section 4.4 and a medium term financial strategy for 2021/22 – 2025/26 set out in Section 4.1 as amended in Labour Group Annex 1 (above).
Supporting documents:
- CC_FEB0921R07 - Budget Report, item 6/21 PDF 236 KB
- CC_FEB0921R17 - Section 1, item 6/21 PDF 98 KB
- CC_FEB0921R04 -Budget Section 2, item 6/21 PDF 16 MB
- CC_FEB0921R05 -Budget Section 3, item 6/21 PDF 193 KB
- CC_FEB0921R08 -Budget Section 4, item 6/21 PDF 1 MB
- CC_FEB0921R06 -Budget Section 5, item 6/21 PDF 990 KB
- CC_FEB0921R014- Budget Addendum, item 6/21 PDF 334 KB
- CC_FEB0921R15 - Section 3 Chief Finance Officer Statutory Report, item 6/21 PDF 133 KB
- CC_FEB0921R16 Revised Section 4 Addendum, item 6/21 PDF 1 MB
- CC_FEB0921R011 - Labour Group Amendment, item 6/21 PDF 361 KB
- CC_FEB0921R12 - Labour Group Amendment Annex 1, item 6/21 PDF 13 KB
- Background Document ASC 22AS12 22AS13 - Care Home Activity V3, item 6/21 PDF 184 KB
- Background Document ASC_BCF ACSN Saving 22AS10 22AS15 -, item 6/21 PDF 184 KB
- Background Document ECIA_ASC 22AS13 Individual Reviews, item 6/21 PDF 188 KB
- Background Document Highways - Routine and Reactive Maintenance - 18 Nov, item 6/21 PDF 208 KB
- Background Document Highways - Winter Maintenance - 11 Dec, item 6/21 PDF 191 KB