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