Cabinet Members met last night to recommend Derby City Council’s annual budget to a full meeting of the Council, due to be held on Wednesday 1st March.
The meeting, which was chaired by the Leader of the Council, Ranjit Banwait, was also attended by Councillors Matthew Holmes, Ruth Skelton and Alan Graves in their capacity as Group Leaders.
Cabinet Members agreed to recommend to Council reports setting-out the authority’s financial position for the next three years. These included the General Fund Revenue Budget, which funds the day-to-day running of services, and the Capital Budget, which is used to pay for one-off projects.
The Chief Finance Officer also provided a report noting his opinion that the estimates used in formulating the budget were robust and that the Council’s reserves were adequate for managing future financial risks.
Reports regarding the allocation of the Dedicated Schools Grant and the Treasury Management Strategy, which details how the Council intends to manage its cash-flow, were also agreed.
Cabinet Members and Chief Officers received questions from opposition councillors on a range of subjects, including the allocation of capital and revenue funding towards the proposed new swimming pool; the findings of a strategic review of Leisure, Culture and Tourism; and, overall costs for the Our City, Our River flood defence project.
To view the full meeting, visit the Derby City Council YouTube channel or to view the agenda and reports, visit the Committee Management Information System (CMIS).
The next meeting of Council Cabinet is due to be held at 6.00pm in the Council House on Wednesday 15 March.
Published: Thursday 16th February