Agenda item

Council Budget 2018/19 and Medium Term Financial Plan 2018/19 - 2021/22

To consider the attached report of the Director of Finance, Housing and Community.


The Portfolio Holder for Corporate Resources and Performance, Councillor M D Conolly, presented the proposed Council Budget 2018/19 and the Medium Term Financial Plan 2018/19 - 2021/22.


It was moved by Councillor M D Conolly, and duly seconded, that the recommendations set out in the report incorporating the recommendations of the Cabinet at its meeting held on 5 March 2018 be approved.


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 2018/19 - 2021/22 be approved.


                            (b)     To note that it was the view of the Director of Finance, Housing and Community (Section 151 Officer) that the budget had been prepared in an appropriate and prudent manner and that based upon the information available at the time of producing the report the 2018/19 estimates were robust and the resources were adequate for the Council’s current spending plans in 2018/19.


                            (c)     That the various Council recommendations at the end of the sections within the attached budget and MTFP, and summarised in Annex 12 to Appendix 1, are approved as follows:


(i)            That the General Fund Revenue Budget for 2018/19 and the projected outturn for 2017/18 be approved.

(ii)           That the policies and protocols regarding the General Fund balances and earmarked reserves, and transfers between reserves as set out in Annex 6 be approved.

(iii)          That the 2017/18 Projected Outturn and the 2018/19 HRA budget at Annex 7 be approved.

(iv)         That the setting of the level of the on-going HRA minimum balance, the transfer of balances to the HIR, the use of prudential borrowing, and adjustment of the resources of the HIR accordingly be delegated to the Director of Finance, Housing and Community, in consultation with the portfolio holder for Corporate Resources and Performance.

(v)          That the Capital and Special Revenue Projects Programmes be approved.

(vi)         That the capital resources required to finance new projects be secured before new projects commence.

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

(viii)       That the Council Tax Resolution as set out at Annex 10A be approved.

(ix)         That it be noted 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 12 of the report.


The Democratic Services Manager advised that the vote would have to be a recorded vote in accordance with Council Procedure Rule 18.6. The manner of the voting was as followed:


FOR (23)



J S Back

S F Bannister


T J Bartlett

P M Brivio


P M Beresford

M I Cosin


T A Bond

G Cowan


B W Butcher

D G Cronk


S S Chandler

M R Eddy


N J Collor

B Gardner


M D Conolly

B J Glayzer


A Friend

P J Hawkins


R J Frost

S J Jones


D Hannent

K Mills


P G Heath

G Rapley


M J Holloway

D A Sargent


P D Jull

P Walker


N S Kenton

P M Wallace


P S Le Chevalier



S M Le Chevalier



S C Manion



K E Morris



D P Murphy



M J Ovenden



M Rose



F J W Scales














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