Decision details

      i.        the draft budget proposals for 2019/20 as the basis for consultation with the Overview & Scrutiny Commission and other interested parties or individuals is agreed.

     ii.        the Treasury Management Strategy and associated documents at Annex E of the Director: Finance’s report is agreed and that the Governance and Audit Committee review each of the key elements.

    iii.        the 2019/20 Schools Budget be set at the eventual level of the Dedicated School Grant income plus any accumulated DSG balances and additional Council funding within the limit set out in recommendation 2.4.

   iv.        up to £1m of additional funding for schools be made available from the Council over the next 4 years to help mitigate the financial impact of new schools.

    v.        the Executive Member for Children, Young People and Learning be authorised to agree the allocation of the sums available for schools funding as set out in recommendation 2.4 having regard to the decisions and recommendations of the Schools Forum and to agree detailed budgets for services centrally managed by the Council.

   vi.        the virements relating to the 2018/19 budget as set out in Annex F and G of Director: Finance’s report is agreed and recommend that those over £0.100m for approval by Council.

The recommendations are designed to allow the Executive to consult on its draft budget proposals for 2019/20 as required by the Local Government Act 2003.

The range of options being considered is included in the Director: Finance’s report and its Annexes.

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