This Record Form outlines the PCC’s Budget and Capital Plans for 2020/21 and the Long Term Financial Plans to 2023/24.
There is a legal requirement for the PCC to set a budget prior to the 1st March each year for the following financial year. Approving this decision will ensure that the PCC’s obligations in this area are met for 2020/21.
The Revenue Budget for 2020/21 is based on the approved £10 increase in precept for a Band D property for 2020/21 and sets out how the £155,475k of revenue funding to be received by the PCC in 2020/21 will be spent. The decision also sets out a capital programme of just over £5.5m for 2019/20 and provides details of how this will be spent.
The following supporting papers are attached to this decision notice:
- Report on the Robustness of Estimates and Adequacy of Financial Reserves — including Reserve Strategy
- LTFP 2020/21 to 2023/24 and Capital Plans 2020/21 to 2023/24
- Cleveland Police LTFP 2020/21 to 2023/24
- Treasury Management and Prudential Indicators 2020/21 to 2023/2024 – which includes the Investment Strategy Minimum Revenue Provision Strategy
- Capital Strategy
The LTFP papers were the subject detailed discussion at the Executive Board on 17 February 202
2020-00197886 Approval of 2020-2021 Budget and Associated Papers