Decision details

The Council considered the report of the Director of Finance, Housing and Community.

Members also considered Cabinet decisions CAB 102 and 121 of 3 February and 3 March 2014 respectively, and the recommendations of the Scrutiny (Policy and Performance) Committee of 11 February 2014 (Minute No 487).

It was moved by Councillor M D Conolly, duly seconded and

RESOLVED:  (a)   That the General Fund Revenue Budget, the Capital and Special Projects Programmes, the Housing Revenue Account Budget, the Council Tax Resolution and the content of the Medium-Term Financial Plan be approved.

                        (b)   That it be noted that it is the view of the Director of Finance, Housing and Community that the budget has been prepared in an appropriate and prudent manner and that, based upon the information available, the budgets are robust and the estimated General Fund and Housing Revenue Account balances and reserves are considered adequate for the Council’s current spending plans;

                         (c)  That, in setting the Budget for 2014/15, the grants to other organisations as determined by Cabinet and set out at Annex 11 of the report be released.

                         (d) That the various recommendations at the end of the sections within the Budget and Medium-Term Financial Plan, and summarised at Annex 14 to Appendix 1 of the report, be approved, as follows:

(i)          Approve the General Fund Revenue Budget for 2014/15 and the projected outturn for 2013/14.                                                                     

(ii)         Approve the policies and protocols regarding the General Fund balances and earmarked reserves, and transfers between reserves as set out in Annex 6 of the report.

(iii)        Approve the 2013/14 projected outturn and the 2014/15 Housing Revenue Account budget at Annex 7 of the report.

(iv)       Approve the Capital and Special Projects programmes.

(v)        Approve that capital resources required to finance new projects are secured before new projects commence.

(vi)       Approve that retained poolable housing capital receipts are used to fund capital allowances on Regeneration and Decent Homes agendas.

(vii)      Approve the Treasury Management Strategy, including the Prudential Indicators and Minimum Revenue Provision statement.

(viii)       Approve the Council Tax Resolution as set out at Annex 10A of the report.

(ix)       Note that, if the formal Council Tax Resolution at Annex 10A is approved, the total Band D Council Tax will be as set out at Annex 14 of the report.