4.
A report by the Treasurer to the Board asked the Board to consider the three year Revenue Budget from 2021/22 and to agree the requisitions to the three constituent authorities.
Several members expressed concerns regarding the level of risk and that on 1/3 of the risk is covered by the reserves.
To alleviate the concerns, Councillor Leadbitter proposed to retain the £117,000 within the General Fund to cover 2/3 of the risk and to increase the requsitions to the constituent authorities by £177,00 to £4,842,000.
|
Authority
|
Population
|
Requisition
|
Proposed Requisition 2021/22
|
Requisition 2020/201
|
Increase on 2020/21 Requisition
|
|
%
|
£
|
£
|
%
|
|
Aberdeen City
|
228,670
|
39.04
|
1,890,317
|
1,830,878
|
3.25%
|
|
Aberdeenshire
|
261,210
|
44.6
|
2,159,532
|
2,103,652
|
2.66%
|
|
Moray
|
95,820
|
16.36
|
792,151
|
768,470
|
3.08%
|
|
Total
|
585,700
|
100
|
4,842,000
|
4,703,000
|
2.96%
|
As there was no one otherwise minded the Board agreed to approve:
| i) |
three year revenue budget from 2021/22; |
| |
|
| ii) |
requisitions to the constituent authorities to be set at £4,842,000; |
| |
|
| iii) |
minimum General Fund balance of 2.5% of estimated annual net expenditure; |
| |
|
| iv) |
the release of £91,000 from the NDR Reform reserve to cover slippage which will now be incurred in 2021/22 |
| |
|
The Board also agreed to note the:
| i) |
scenarios where the outturn is unpredictable and consequent financial risk and the operational issues facing the service; and |
| |
|
| ii) |
balance of the NDR Reform reserve currently at £91,000, which is not included in the Revenue budget but may be required to cover slippage from 2019/20. |