Decision details

Budget 2018/19

Decision Maker: Cabinet, Council

Decision status: Recommmend Forward to Council

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Policy Development Advisory Group 8 January 2018

Decision:

            RECOMMENDED TO COUNCIL

 

(i)         That the level of Council Tax for 2018/19 be increased from £140.60 by £5 (3.56%) to £145.60 at Band D.

 

(ii)        That the net revenue budget for 2018/19 of £10.714m be approved (Appendix A to the report).

 

(iii)       That Special Expenses of £284,762 (Appendix D to the report) and a Band D charge of £24.60 be agreed in respect of the unparished area for 2018/19.

 

(iv)       That the capital programme for 2018/19 (Appendix E to the report) be approved and that the indicative capital budgets in the programme for future years be noted.

 

(v)        That the projected future deficit on the revenue account in 2020/21 and 2021/22 be noted and the Medium Term Financial Strategy continues to be reviewed and refined to ensure that decisions are taken to develop a balanced budget in these two years.

 

(vi)       That the Minimum Revenue Provision (MRP) Statement set out in Appendix F to the report be approved.

 

(vii)      That the prudential indicators and limits for 2017/18 to 2020/21 set out in Appendix G to the report be approved.

 

(viii)     That the statement on the robustness of the level reserves in Appendix I to the report be noted.

 

REASON

 

To meet the Council’s statutory requirement to approve the budget and the prudential indicators before the start of a new financial year.

Report author: Jane Eaton

Publication date: 29/01/2018

Date of decision: 25/01/2018

Decided at meeting: 25/01/2018 - Cabinet

Accompanying Documents: