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Decision details

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Final Revenue Budget 2018/19 and Medium Term Financial Strategy 2018/19 - 2020/21

Decision Maker: Council, Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To recommend to Council:

  • the proposed revenue budget 2018/19 and the Medium Term Financial Strategy 2018/19 to 2020/21 to enable the Council Tax to be set
  • the members allowance scheme 2018/19
  • the 2018/19 pay policy statement
  • the 2018/19 schools’ budget

 

Decisions:

Resolved to RECOMMEND:  (to Council)

 

That

 

(1)          whilst being mindful of the results of the various consultation and equality impact assessments, the 2018/19 budget be approved to enable the Council Tax for 2018/19 to be set, appendix 2 to the report refers;

 

(2)          the Medium Term Financial Strategy (MTFS) at appendix 2 to the report be approved;

 

(3)          the structure of the funding formula 2018/19 through the introduction of the National Funding Formula, appendix 6 to the report refers, be approved;

 

(4)          the 2018/19 Members’ Allowance Scheme to Council at appendix 12 to the report be approved;

 

(5)          the 2018/19 Annual Pay Policy Statement at appendix 13 to the report be approved;

 

(6)          the Capital Receipts Flexibility Strategy at appendix 15 to the report be approved.

 

RESOLVED:  That

 

(1)          the remaining budget gaps of £17.636m 2019/20 and £16.061m for 2020/21, table 4 of the report refers, be noted;

 

(2)          the intention to increase Council Tax by 2.99% in 2018/19, paragraph 1.18 of the report refers, be noted;

 

(3)          the intention to increase Council Tax by 0.5% in 2018/19 in respect of the Adult Social Care Precept, paragraph 1.18 of the report refers, be noted;

 

(4)          the 2018/19 Public Health Budget, as set out in Appendix 7 to the report, be noted; 

 

(5)          the sum of the Better Care Funding to be received by the Council in 2018/19, paragraph 1.48 of the report refers, be noted;

 

(6)          the comments from the various stakeholder meetings, appendix 14  to the report refers, be noted;

 

(7)          the Director of Finance, following consultation with the Portfolio Holder for Finance and Commercialisation, be authorised to update the 2018/19 Budget for any changes from the final Local Government Settlement announcement if necessary, paragraph 1.35 of the report refers.

 

Reason for Decision:  To ensure that the Council sets a balanced budget for 2018/19.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

 

[Call-in does not apply to the decision reserved to Council and where the decision is noted.]

Report author: Dawn Calvert

Publication date: 16/02/2018

Date of decision: 15/02/2018

Decided at meeting: 15/02/2018 - Cabinet

Accompanying Documents: