Issue - decisions
Budget 2018/19
29/01/2018 - Budget 2018/19
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.