Issue - meetings

Financial Strategy 2018/19

 

 

Meeting: 08/02/2018 - Policy and Resources Committee (Item 58)

58 Financial Strategy 2018/19

Supporting documents:

Minutes:

Considered – Report of the Resources and Enabling Services Lead (s151).

 

Councillor S Arnold moved and Councillor Ives seconded the following amendment to the Financial Strategy;

 

·      To increase the Rural Services Delivery Income Grant budget by £113,020 and to transfer this sum to the New Homes Bonus Reserve given the need to invest to deliver future savings

·      To amend the DWP Housing Benefit Administration grant income budget by £27,570 from £128,000 to £155,570 to reflect the DWP’s grant award issued on 6 February 2018 and to increase the Benefit service expenditure budget by the same amount to reflect the additional work placed on the service.

·      And to update the financial strategy and medium term revenue forecast to reflect these changes

 

Upon being put to the vote the amendment was carried

 

Voting record

8 For

1 Abstention

 

Recommendations to Council

 

That Council be recommended:

 

(i)            To approve the Council’s Financial Strategy (Annex A) which includes:

a.            Savings/additional income totalling £436k (Financial Strategy Appendix A)

b.            Growth Pressures totalling £151k (Financial Strategy Appendix A)

c.            The Prudential Indicators (Financial Strategy Appendix B)

d.            The revised capital programme (Financial Strategy Appendix D)

e.            The Pay Policy 2018/19 (Financial Strategy Appendix E)

f.             The Income Generation and Commercialisation Policy (Financial Strategy Appendix F)

 

(ii)          a Revenue Budget for 2018/19 of £6,066,945, increasing the total charge to £190.82 for a Band D property (note that total Council Tax, including the County Council, Fire and Police is covered within the separate Council Tax setting report to Full Council);

 

(iii)       to approve the special expenses amounting to £55,350;

 

(iv)         to note the financial projection for 2018/19 – 2022/23 (Annex B);

 

Voting record

8 For

1 Abstention