Agenda item

Pursuant to Cabinet Minute No. 155, the Chief Executive and the Head of Finance submitted a joint report to seek Council approval for the General Fund budget for 2014/15.

In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014, a recorded vote was taken for this item as follows:-

RESOLVED –

(1)     That the revised budget for 2013/14, as detailed at Section 5 of the report, be approved.

(2)             That the Local Government Finance Settlement, as detailed at Section 8 of the report, be noted.

(3)             That the Collection Fund and the Tax Base forecasts, as detailed at Section 12 of the report, be noted.

(4)             That the Portfolio budgets and the overall revenue budget summary for 2014/15, as detailed at Appendix A to the report, be approved.

(5)     That the Council accepts the Government’s offer of a Council Tax Freeze Grant for 2014/15.

(6)     That the budget forecasts for 2014/15 and 2015/16, as detailed at Section 14 of the report, and the strategy for addressing the projected deficits, as detailed at Section 15 of the report, be noted.

(7)     That the estimates of reserves, including maintaining the General Working Balance at £1.75m, as detailed at Section 17 of the report, be approved.

(8)     That the budget risks and sensitivity analysis, as detailed at Section 20 of the report, be noted.

(9)     That the Government’s Retail Relief Scheme, as outlined at paragraph 21.3 of the report, be adopted as a local scheme and authority be delegated to the Head of Finance to approve the reliefs.

(10)   That the 2014/15 Council Tax Requirement and financing, as detailed at Appendix J of the report, be approved.

(11)   That the Chief Financial Officer’s assurances, as detailed at Section 25 of the report, be noted.

(12)   That the Learning and Development budget carry forward request, as detailed at Appendix L of the report, be approved.