Agenda item

Pursuant to Cabinet Minute No.140, the Director of Finance and Resources submitted a report to seek Council approval for the General Fund Budget for 2018/19, including recommendations on the budget allocations and Council Tax level for 2018/19.

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

FOR –

Councillors                                                Councillors

Bagley                                                       Flood

J Barr                                                         P Gilby

Bellamy                                                     T Gilby

Bexton                                                       Hill

Blank                                                                   Hollingworth

Brady                                                         Huckle

Brittain                                                       J Innes

Brown                                                        P Innes

Brunt                                                          Ludlow

Burrows                                                     Miles

Callan                                                        A Murphy

Catt                                                            T Murphy

Caulfield                                                    Parsons

D Collins                                                    Perkins                         

L Collins                                                    Rayner

Derbyshire                                                 Sarvent              

Dickinson                                                  Serjeant

Dyke                                                          Simmons

Elliott                                                          Wall

AGAINST –

None

ABSTENTIONS –

Councillors                                                Councillors

P Barr                                                        Falconer

Borrell                                                        Niblock

Davenport                                                 Redihough

A Diouf

RESOLVED –

1.   That the revised budget for 2017/18 be approved.

2.   That the Local Government Finance Settlement be noted.

3.   That the Collection Fund and Tax Base forecasts be noted.

4.   That the portfolio budgets and overall revenue budget summary for 2018/19 be approved.

5.   That delegated authority be granted to the Director of Finance and Resources in consultation with the Leader, Deputy Leader and Chief Executive to review what is required to ensure that maximum opportunity is taken from the flexibility available to use capital receipts for revenue purposes where such investment will lead to budget savings.

6.   That the budget forecasts for 2019/20 and the medium term forecasts, as well as the strategy for addressing the projected deficits, be noted.

7.   That the growth request of £10k for each of the next two years to enable implementation of the Council’s Skills Action Plan, be approved.

8.   That approval be given to the estimates of reserves, including:

                     i.        Maintaining the General Working Balance at £1.5m;

                    ii.        The phasing of the recommended £200k insurance provision increase over 5 years;

                   iii.        The creation of an ICT Digital Innovation reserve to fund the cost of ICT development.

9.   That the budget risks and sensitivity analysis be noted.

10.  That the recommended £5 increase in Council Tax for a Band ‘D’ property in 2018/19 be approved.

11.  That the 2018/19 Council Tax Requirement and financing be approved.

12.  That the Director of Finance and Resources’ assurances be noted.