Issue details
Setting the 2019/20 budget and updating the medium term financial strategy and treasury management strategy
PDF 76 KBTo agree the draft 2019/20 budget and associated medium term financial strategy and
treasury management strategy for recommendation to Council on 15 February.
The proposed budget reflects current and expected service delivery requirements and the
provisional local government settlement announced on 13 December. To deliver a
balanced budget there is a need to deliver savings of £3.9m in 2019/20 and to increase
council tax by 4.9% (inclusive of 2% adult social care precept).
The draft medium term financial strategy (MTFS), attached at appendix 1, has been extended to 2021/22 based on current assumptions on future funding and service requirements.
The treasury management strategy, attached at appendix 4, includes the proposed borrowing and investment strategy, the council’s expected minimum revenue provision and the associated prudential indicators which demonstrate that the council’s proposed capital investment budget is affordable, prudent and sustainable.
Decision type: Budget and policy framework
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 25/09/2018
Decision due: 31 January 2019 by Cabinet
Considered on: 31 January 2019 by Cabinet
Lead member: Cabinet member finance and corporate services
Lead director: Chief finance officer
Department: Corporate Support Centre
Contact: Josie Rushgrove, Head of corporate finance Email: jrushgrove@herefordshire.gov.uk Tel: 01432 261867.
Decisions
- 31/01/2019 - Setting the 2019/20 budget and updating the medium term financial strategy and treasury management strategy
Agenda items
- 30/11/2018 - General scrutiny committee Setting the 2019/20 budget, capital investment and updating the medium term financial strategy 30/11/2018
- 31/01/2019 - Cabinet Setting the 2019/20 budget and updating the medium term financial strategy and treasury management strategy 31/01/2019
Documents