Budget Recommendations to Full Council, including the Treasury Management Strategy
- That a report from the Budget
Scrutiny Committee will follow after
their meeting on 4 February
- The categorisation of earmarked
reserves and provisions set out in Section 16 of appendix A
- The advice given by the Chief
Finance Officer with respect to the robustness of the budget
estimates and the adequacy of the Council’s reserves as set
out in Section 15 of Appendix A
- The budget consultation process that
was followed and feedback as outlined in Section 17 of Appendix A
and Appendix 6.
- The feedback provided by the Schools
Forum, to Cabinet and Council, for their consideration in making
final decisions on the Schools Budget for 2021/22.
- The uncertainty around COVID
response spend, COVID income loss and central government COVID
funding levels for the full impact 2021/22 and beyond, and that the
estimates provided could be subject to significant change over the
- Council’s Ethical Investment
Policy and Strategy is due for revision during 2021/22, which will
be expended to incorporate Equitable Policy for Investment in
addressing racial and other economic inequalities in the city.
- The removal of £8 million
allocation of strategic CIL from Temple Island in line with current
- The delegation of authority to the
Director of Finance after consultation with the Deputy Mayor,
Cabinet Member for Finance, Governance and Performance and the
Mayor, to make any necessary technical adjustments or adjustments
to the figures upon receipt of the final Local Government Finance
Settlement, West of England Combined Authority Budget and
Department for Education funding clarifications; with transfers to
and or from reserves as appropriate.
Cabinet recommended to Full Council:
- The Bristol City Council levels of
Council Tax increase of 4.99%; which
includes 3% precept to support Adult Social Care and noting the
precepts of the Police and Crime Commissioner for Avon and Somerset
and the Avon Fire Authority.
- The Council’s General Fund net
revenue budget for the year 2021/22 as £424.1 million and
expenditure allocations as set out in Appendix 1; subject to any
budget amendments properly notified to and approved by the Council
in line with the Constitution.
- The temporary movement in general
reserves of up to £3.9 million to mitigate the forecasted
year end emergent pressures in the People directorate as outlined
in Section 5 Current Revenue Budget.
- To Agree the Council’s capital
budget (including the HRA) for the years 2021/22 - 2025/26,
totalling £907.6 million as set out in paragraph 13 and
detailed in Appendix 2.
- The proposed total Schools budget of
£404.7 million for 2021/22 as set out in section 9 Appendix
A, which will be funded by the Dedicated Schools Grant.
- The proposed Treasury Management
Strategy for 2021/22 in Appendix 4, incorporating the Minimum
Revenue Provision policy and the prudential indicators and
- The calculations for determining the
Council Tax requirement for the year 2021/22 as outlined in Section
8 of Appendix A and in accordance with the Local Government Finance
- To approve the Strategy for the
Flexible use of Capital Receipts as set out in Appendix 5.
Cabinet recommended to Full Council’s
the following delegations:
- Authority to Cabinet, via a
subsequent report to agree the detailed Public Health Budget and
movement in the ring-fenced Public Health reserve upon receipt of
the final grant allocation for 2021/22 and budget proposals from
the Director of Public Health in consultation with the Deputy Mayor
and Cabinet member for Communities, Equalities & Public Health
and Director of Finance.