Decision details
Budget 2017/18 and Medium Term Financial Strategy to 2020/21
Decision Maker: Cabinet
Decision status: Deleted
Is Key decision?: No
Is subject to call in?: No
Decision:
RECOMMENDED
(i) That the level of Council Tax for 2017/18 be increased from £137.17 by 2.5% to £140.60 at Band D.
(ii) That the net revenue budget for 2017/18 of £11,860,000 be approved, as submitted.
(iii) That Special Expenses of £280,319 and a Band D charge of £24.40 be agreed in respect of the unparished area for 2017/18.
(iv) That the capital programme for 2017/18 be approved as submitted 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 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 2020/21.
(vi) That the Minimum Revenue Provision (MRP) Statement be approved, as submitted.
(vii) That the prudential indicators and limits for 2016/17 to 2019/20 be approved, as submitted.
(viii) That the statement on the robustness of the level reserves 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.
Publication date: 26/01/2017
Date of decision: 26/01/2017
Decided at meeting: 26/01/2017 - Cabinet
Accompanying Documents:
- Cabinet report - MTFS Jan 26 2017 PDF 185 KB
- Appendix A - Revenue Budget 2017-18 PDF 127 KB
- Appendix B - Major items of growth and savings PDF 51 KB
- Appendix C - Grants to voluntary groups PDF 146 KB
- Appendix D - Special charge summary PDF 34 KB
- Appendix E i - Capex PDF 54 KB
- Appendix E ii - Capital programme new schemes PDF 44 KB
- Appendix F - MRP PDF 66 KB
- Appendix G - Prudential indicators PDF 57 KB
- Appendix H - New Homes Bonus PDF 89 KB
- Appendix I - Reserves PDF 74 KB