Decision details

Budget & Capital Programme 2021/2022

Decision Maker: Executive

Decision status: For consultation

Is Key decision?: Yes

Is subject to call in?: Yes


Budget 2021/22 and Capital Programme 2021 to 2026




1.            The latest Medium-Term Financial Plan forecast at Annex 1


2.            A Revenue budget requirement of £17.395 million for 2021/22, as set out in the report and at Annex 2 of the report, which reflects:

a.    Service budget growth of £0.695 million (net); plus

b.    Central budget savings of (£1.554) million (net)


3.            An increase in Reigate & Banstead’s Band D Council Tax of £5.00 (2.15%) and a final taxbase of 60,720 Band D equivalents;


4.            The forecast for Revenue Reserves (Annex 3) and the recommended use of £0.477 million from Reserves in 2021/22 comprising:

a.    Drawing £0.104 million from the Government Funding Risks Reserve to fund reduced housing benefit subsidy; and

b.    Drawing £0.138 million from the Commercial Risks Reserve to fund reduced income from rents and trading activities; and

c.    Drawing £0.235 million from the General Fund Balance to support the 2020/21 Revenue Budget;


5.            A Capital Programme of £81.555 million for 2021/22 to 2025/26 as set out in this report and at Annexes 4.1 and 4.2, including Capital Programme Growth Proposals of £1.326 million.


6.            The Chief Finance Officer’s report on the robustness of the Budget estimates and adequacy of Reserves.




7.            The Chief Finance Officer be authorised to make any necessary final technical adjustments to the Budget and Council Tax arising from final budget refinements or changes to Government funding.

Reason Key: Changes to Budget and Policy Frameworks;

Wards Affected: (All Wards);

Contact: Catherine Rose, Head of Corporate Policy Email: Tel: 01737 276766 David Brown, Finance Manager Email:

Report author: David Brown

Publication date: 28/01/2021

Date of decision: 28/01/2021

Decided at meeting: 28/01/2021 - Executive

Effective from: 11/02/2021

Call-in deadline date: 10/02/2021

Accompanying Documents: