Agenda item

Report details the Medium Term Financial Strategy (MTFS) for the period 2019/20 to 2022/23 and provides the budget position for 2019/20 and later years for the General Fund and the Housing Revenue Account (HRA).

(4) The Revised Medium Term Financial Strategy and Budget 2019/20 to 2022/23

(5) The General Fund and Housing Revenue Account Capital Strategy and Programme 2019/20 to 2022/23

The reports of the Cabinet Member for Finance and Customer Experience were submitted seeking approval to the Revised Medium Term Financial Strategy and Budget 2019/20 to 2022/23, revised Appendix 4 as attached as Appendix 1 to these minutes, and the General Fund and Housing Revenue Account Capital Strategy and Programme for 2018/19 to 2022/23, as amended and attached as Appendix 2 to these minutes, and outlining the main issues that needed to be addressed in considering the Cabinet’s budget and Council Tax proposals. The recommendations therein as amended by Executive Budget Resolution 2019/20 to comprise the Executive’s budget proposals were moved by Councillor Chaloner and seconded by Councillor Hammond (a copy of the amended Executive Budget resolution as circulated at the meeting attached as Appendix 1 to these minutes).

The Council agreed to suspend Council Procedure Rules 14.2, 14.5, 14.6, 14.7, 14.8, 14.9 and 16.2:-

(i)  to enable the above items to be considered together;

(ii)  to enable any amendments to be proposed, seconded and considered at the same time;

(iii)  to enable any amendment to be re-introduced later into the meeting; and

(iv)to revise the time allowed for speakers as follows:-

Movers of motions - 20 minutes

Seconders - 10 minutes

Other Speakers - 4 minutes

Right of Reply (Executive only) – 10 minutes

With the consent of the Mayor, Honorary Alderman Vinson addressed the meeting.

Amendment moved by Councillor Fitzhenry and seconded by Councillor Hannides, attached as Appendix 3 to these minutes. 

UPON BEING PUT TO THE VOTE THE AMENDMENT WAS DECLARED LOST

ABSTAINED – Councillor T Thomas

NOTE – FOR THE AMENDMENT: Councillors P Baillie, Bell, Claisse, Fitzhenry, Fuller, Galton, Guthrie, Hannides, B. Harris, L. Harris, Harwood, Houghton, Laurent, Parnell, Streets, Vassiliou, White and Wilkinson.

NOTE – AGAINST THE AMENDMENT: Councillors Barnes-Andrews, Mrs Blatchford, Bogle, Chaloner, Coombs, Fielker, Furnell, Hammond, Jordan, Kataria, Kaur, Keogh, Leggett, Mintoff, Mitchell, Murphy, Noon, Paffey, Payne, Rayment, Savage, Shields, Taggart and Whitbread.

UPON BEING PUT TO THE VOTE THE SUBSTANTIVE MOTION AS AMENDED WAS DECLARED CARRIED

RESOLVED that the Revised Medium Term Financial Strategy and Budget 2019/20 to 2022/23 including the General Fund and Housing Revenue Account Capital Programme 2019/20 to 2022/23, as amended by the Executive Budget Resolution 2019/20, attached as Appendix 4 to these minutes, be adopted. 

NOTE: All Members of the Council declared a pecuniary interest in the above matter, as payers and setters of Council Tax, and remained in the meeting during the consideration of the matter.

ABSTAINED – Councillors P Baillie, Bell, Claisse, Fitzhenry, Fuller, Galton, Guthrie, Hannides, B. Harris, L. Harris, Harwood, Houghton, Laurent, Parnell, Streets, T Thomas, Vassiliou, White and Wilkinson.

NOTE – FOR THE SUBSTANTIVE MOTION: Councillors Barnes-Andrews, Mrs Blatchford, Bogle, Chaloner, Coombs, Fielker, Furnell, Hammond, Jordan, Kataria, Kaur, Keogh, Leggett, Mintoff, Mitchell, Murphy, Noon, Paffey, Payne, Rayment, Savage, Shields, Taggart and Whitbread.