Venue: Council Chamber - Council Offices
Contact: Democratic Services
Email: democraticservices@north-norfolk.gov.uk
Items
| No. |
Item |
1. |
Agenda
|
2. |
To Receive Apologies for Absence
|
3. |
Substitutes
|
4. |
Public Questions & Statements
To receive questions / statements from the
public, if any.
|
5. |
Minutes  PDF 134 KB
To approve as a correct record the minutes of
the meeting of the Overview and Scrutiny Committee held on
11th December 2024.
|
6. |
Items of Urgent Business
To determine any
other items of business which the Chairman decides should be
considered as a matter of urgency pursuant to Section 100B(4)(b) of
the Local Government Act 1972.
|
7. |
Declarations of Interest PDF 721 KB
Members are asked
at this stage to declare any interests that they may have in any of
the following items on the agenda. The Code of Conduct for Members
requires that declarations include the nature of the interest and
whether it is a disclosable pecuniary
interest.
|
8. |
Petitions From Members of the Public
To consider any petitions received from
members of the public.
|
9. |
Consideration of Any Matter Referred to the Committee by a Member
To consider any
requests made by non-executive Members of the Council, submitted to
the Democratic Services Manager with seven clear working
days’ notice, to include an item on the agenda of the
Overview and Scrutiny Committee.
|
10. |
Responses of the Council or the Cabinet to the Committee's Reports or Recommendations
To consider any responses of the Council or
the Cabinet to the Committee’s reports or
recommendations:
|
11. |
Treasury Management Strategy Report 2025/26 PDF 78 KB
|
Treasury Management Strategy Report
2025/26
|
|
Executive Summary
|
This report sets out the
Council’s Treasury Management Strategy for the year
2025/26. It sets out details of the Council’s Treasury
Management activities and presents a strategy for the prudent
investment of the Council’s resources. It also sets out the
Council’s approach to the deployment of capital resources in
meeting the Council’s overall aims and
objectives.
|
|
Options considered
|
No other options considered. It
is a requirement that the Treasury Management Strategy report must
be approved by full Council each year in advance of the new
financial year to ensure the Council is compliant with the CIPFA
Treasury Management, CIPFA Prudential Codes and guidance issued by
the Ministry of Housing, Communities & Local Government
(MHCLG).
|
|
Consultation(s)
|
Portfolio Holde
Section 151 Officer
This report has been prepared
with the assistance of Link Treasury Services, the Council’s
Treasury Management advisors.
|
|
Recommendations
|
To
recommend to Full Council that the Treasury Management Strategy
2025/26 is approved.
|
|
Reasons for recommendations
|
Approval by Full Council
demonstrates compliance with the Prudential Codes to
ensure.
·
A flexible investment strategy enabling the Council
to respond to changing market conditions.
·
Ensure compliance with CIPFA and MHCLG
guidance.
·
Confirming capital resources available for delivery
of the Council’s capital programme.
It is a requirement that any
proposed changes to the prudential indicators are approved by Full
Council.
|
|
Background papers
|
The Council’s Treasury
Management Strategy 2024/25.
CIPFA Prudential Code (Treasury
Management in the Public Services: Code of Practice 2021
Edition).
CIPFA Prudential Code (Capital
Finance in Local Authorities: Code of Practice 2021
Edition).
|
|
Wards
affected
|
All
|
|
Cabinet member(s)
|
Cllr. Lucy Shires
|
|
Contact Officer
|
James Moore
|
Additional documents:
|
12. |
Capital Strategy 2025-2026 PDF 118 KB
|
Capital Strategy
2025-26
|
|
Executive
Summary
|
This
report sets out the Council’s Capital Strategy for the year
2025-26. It sets out the Council’s approach to the deployment
of capital resources in meeting the Council’s overall aims
and objectives while providing the strategic framework for the
effective management and monitoring of the capital
programme.
|
|
Options
considered
|
This
report must be prepared to ensure the Council complies with the
CIPFA Treasury Management and Prudential Codes.
|
|
Consultation(s)
|
Section 151 Officer
|
|
Recommendations
|
To
recommend to Full Council that the Capital Strategy 2025/26 is
approved.
|
|
Reasons
for recommendations
|
The Council is required to approve a
Capital Strategy to demonstrate compliance with the Codes and
establishes the strategic framework for the management of the
capital programme.
|
|
Background papers
|
CIPFA Prudential Code (Treasury Management in the Public
Services: Code of Practice 2021 Edition).
CIPFA Prudential Code (Capital Finance in Local Authorities:
Code of Practice 2021 Edition).
|
|
|
13. |
Cabinet Report Budget 25.26 20 January 2025 PDF 437 KB
|
Revenue Budget for 2025-26
|
|
Executive Summary
|
This report presents the latest iteration of
the budget for 2025/26. It is intended to present the position as
we currently know it and it will need to be updated as more
information becomes available e.g. the impact of the final Local
Government Finance Settlement for 2025/26.
|
|
Options considered.
|
No other options have been considered as it is
a legal requirement to calculate “the expenditure which the
authority estimates it will incur in the forthcoming year in
performing its functions” and then subtract “the sums
which it estimates will be payable for the year into its general
fund”. This is required to set a balanced budget before 11
March 2025.
|
|
Consultation(s)
|
The Overview and Scrutiny Committee will have
the opportunity to review this report at its meeting on 22 January
2025. It will be able to make recommendations that Cabinet will be
able to consider at its meeting on 3 February 2025.
Budget consultation is taking place on the
Council’s website currently for anyone to share their views.
Consultation with Business Rates payers is also being undertaken.
The results of both these consultations will be included in the
report being presented to Full Council on 19 February 2025.
|
|
Recommendations
|
- That Cabinet consider the list of
proposed savings and agree on which ones should be taken so that a
balanced budget can be recommended to full Council.
- That
an alternative option for balancing the budget should be agreed to
replace savings not taken if there are any.
- That
Cabinet agree that any additional funding announced as part of the
final Local Government Settlement announcement be transferred to
reserves.
- That
Cabinet decide which proposed new capital bids should be
recommended to full Council for inclusion in the Capital
Programme.
|
|
Reasons for
recommendations
|
To enable the Council to set a balanced
budget.
|
|
Background
papers
|
2024/25 Budget report presented
to full Council on 21 February 2024.
|
Additional documents:
|
14. |
Overview & Scrutiny Work Programme and Update PDF 100 KB
To receive an
update from the Scrutiny Officer on progress made with topics on
its agreed work programme, training updates and to receive any
further information which Members may have requested at a previous
meeting.
|
15. |
Exclusion of the Press and Public
To pass the
following resolution, if necessary:
“That under
Section 100A(4) of the Local Government Act 1972 the press and
public be excluded from the meeting for the following items of
business on the grounds that they involve the likely disclosure of
exempt information as defined in paragraph _ of Part I of Schedule
12A (as amended) to the Act.”
|