1.
To increase Council Tax for 2020/21 by £5
(Band D of £170.42 for 2020/21 – an increase of 10
pence per week or £5 per year – equates to a 3.02%
increase)
2.
The financial pressures shown in Appendix A of
£1,603,640 (amended to £1,600,640 to reflect
Recommendation 5 being for £5,000)
3.
The net contributions to/(from) Earmarked Reserves
of (£117,843) as shown in Appendix D
4.
The savings of £904,877 as shown in Appendix
A
5.
Partnership funding levels set out in 2.38 of the
presented report, with the addition of £5,000 to the CVS for
2020/21 only
6.
The use of £564,143 of New Homes Bonus funding
to fund the 2020/21 Revenue Budget as set out in 2.25 of the
report
7.
The use of £400,000 of New Homes Bonus funding
to set up an emergency climate change projects Earmarked Reserve
(2.20)
8.
To transfer the unallocated balance (currently
£235,016) of New Homes Bonus into the New Homes Bonus
Earmarked Reserve, with its future use to be decided when more
details are known about the Spending Review for 2021/22 and
following a Government consultation document on a replacement
scheme for NHB which will be published in the Spring of
2020
9.
The inclusion of an Economy post (shared with West
Devon Borough Council within the staffing establishment for two
years, as 2.37)
10.
To delegate to the S151 Officer, in consultation
with the Leader and Executive Member for Finance to agree the final
amount of New Homes Bonus funding for the Dartmoor National Park
Sustainable Community Fund for 2020/21
11.
That the Council should set its total net
expenditure for 2020/21 as shown in Appendix B as
£9,413,672 (amended to
£9,410,672 to reflect Recommendation 5 being for
£5,000)
12.
That the minimum level of the Unearmarked Revenue Reserve is maintained at
£1.5 million.
13.
That the level of reserves as set out within this
report and the assessment of their adequacy and the robustness of
budget estimates are noted. This is a requirement of Part 2 of the
Local Government Act 2003.
14.To delegate authority to the S151
Officer, in consultation with the Leader of the Council, to carry
out a virement within the 2020-21
Budget, to increase both the partnership expenditure budget by
£9,000 and the estates management income budget by
£9,000, to reflect a commercial rate of rent for the Citizens
Advice Bureau but also to ensure no loss of service provision to
local residents.