LONDON BOROUGH OF NEWHAM COUNCIL Report title The Council’s Budget Framework 2019/20 – The Mayor’s Final Revenue Budget Proposals and Council Tax Setting Proposals Date of Meeting 18th February 2018 Lead Officer and Simon Little, Interim Head of Finance Strategy contact details E:
[email protected] T: 020 33737549 Director, Job title Mike O’Donnell, Interim Executive Director of Financial Sustainability Lead Member Cllr Terry Paul, Cabinet Member for Finance and Corporate Services Key Decision? Yes / No The Council has a statutory duty to set a balanced and deliverable budget for the financial year 2019/20 by midnight on 10 March 2019. Exempt Yes / No Grounds: information & Grounds Wards Affected All Appendices A. 2019/20 Budget (if any) B. Details of Savings Proposals C. Details of Pressures D. Summary Capital Programme E. Detailed General Fund Capital Programme F. Detailed HRA Capital Programme G. Council Tax Setting H. Overview & Scrutiny Report and Cabinet Response to Recommendations I. Fees and Charges J. Equalities Impact Assessment K. HRA Equalities Impact Assessment L. 2018/19 Period 9 Financial Monitoring M. Feedback from the “People’s Budget” Forums N. Monitoring Officer Advice on the Budget Setting Report 1 1 Executive Summary 1.1 This budget is the first opportunity for Mayor Fiaz and her Administration to demonstrate to residents of Newham how the priorities set out in the manifesto endorsed by 73.4 per cent of voters last May will be funded and implemented. 1.2 Since the Mayor was elected in May 2018, officers have been engaged in transferring her manifesto promises into a delivery programme.