Issue - decisions

That it be recommended to Full Council that:

1.

That the revised budget for 2016/17 be approved.

2.

The Local Government Finance Settlement be noted.

3.

The Collection Fund and the Tax Base forecasts be noted.

4.

The Portfolio budgets and the overall revenue budget summary for 2017/18 be approved.

5.

That authority be delegated to the Director of Finance and Resources in consultation with the Leader, Deputy Leader and Chief Executive to review what is requried to ensure that the council makes best use of the flexibility available to use capital receipts for revenue purposes where such investment will lead to budget savings.

6.

The budget forecasts for 2017/18 and the medium term, as well as the strategy for addressing the projected deficits be noted.

7.

That the growth request of £100k for an HS2 project officer, to be funded from the Service Improvement Reserve be approved.

8.

The estimates of reserves including:

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

    ii.        transferring from the Crematorium Capital Improvement and Revenue Reserves (subject to Chesterfield and District Joint Crematorium Committee approval), £200,000 to a new Northern Gateway reserve to support underwriting the Jomast Coop development and £250,000 into the Business Rate Risk Reserve;

   iii.        Using £467,302 of Insurance Reserve surplus funds by retaining in the Insurance Reserve £60,000 to cover insurance excesses and self-insurance charges, transferring £407,302 to the General Fund  to reduce General Fund contributions into reserves in order to support the budget position by £150,000 in both 2017/18 and 2018/19, and by £107,000 in 2019/20.

be approved.

9.

The budget risks and sensitivity analysis be noted.

10.

The recommended £5 increase in Council Tax for 2017/18 be approved.

11.

The 2017/18 Council Tax Requirement and financing be approved.

12.

The Director of Finance and Resources assurances be noted.