Agenda item

The recommendations were then put to the meeting and it was

RESOLVED:

(25 voting for and 18 against)

Voting FOR: D.Bell, J.Beckerman, D.Bennett, J.Boulton, S.Boulton, H.Bower, H.Bromley, N.Chapman, J.Cragg, I.Dean, J.Dean, B.Fitzsimon, C.Gillett, S.Johnston, T.Kingsbury, M.Levitt, S.Markiewicz, G.Michaelides, H.Morgan, N.Pace, M.Perkins, B.Sarson, L.Sparks, F.Thomson, R.Trigg

Voting AGAINST: T.Bailey. H.Beckett, M.Birleson, J.Broach, A.Chesterman, L.Chesterman. M.Cook, M.Cowan, J.Fitzpatrick, G.Hayes, M.Holloway, M.Larkins, H.Quenet, S.Roberts, P.Shah, K.Thorpe, J.Weston, P.Zukowskyj

(1)     That the Council notes the recommendations from the Cabinet and the statement of the Chief Finance Officer on the robustness of budgets and adequacy of reserves (Appendix I to the report) and approves:

(a)     the 2017/18 Revenue (General Fund) budget proposals resulting in a net budget of £14.46M, as shown in Appendix A to the report,

(b)     a £5 increase in Council Tax, bringing the Council’s charge on an average Band D to £201.61,

(c)     a Council Tax requirement (excluding Parish precepts) of £8,129,762.

(d)     the 2017/18 Capital budget programme of £43.626M, as shown in Appendix B to the report, and notes the programme contained plans to spend a further £109.958M over the following three year period to 2021/22.

(e)     the 2017/18 Revenue (Housing Revenue Account) budget proposals resulting in a net budgeted deficit on the account of £4.721M, as shown in Appendix C to the report,

(f)      the Medium Term Financial Strategy 2017/18 to 2019/20 (a summary of the forecasts is shown in Appendix D to the report).

(g)     the fees and charges listed in Appendix E to the report.

(h)     the prudential indicators as presented to the Cabinet, approving the authorised borrowing limit for 2017/18, as shown in Appendix F to the report.

(i)      the Annual Minimum Revenue Provision Policy Statement as set out in Appendix G to the report.

(j)      the Special Expenses scheme as applied in 1994/95 and reviewed in 2014, to be continued for 2017/18 in accordance with the details set out in Appendix H of the report.

(k)     the Treasury Management Policy and Investment Strategy as presented to the Cabinet 10 January 2017.

(2)     That it be noted the following amounts for the year 2017/18 have been set in accordance with regulations made under Sections 31A and 31B of the Local Government Finance Act 1992 and agreed by the Cabinet on 10 January 2017 (Minute 112 refers).

(a)     the gross 2017/18 Tax Base is 41,273.50 prior to an assumed collection rate of 97.70%.

(b)     40,324.2 being the amount calculated by the Council, in accordance with Regulation 3 of the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012 (the Regulations), as its Council Tax Base for the year 2017/18; including deductions for council tax support and a collection rate of 97.70%.

(c)     part of the Council's Area being the amounts calculated by the Council, in accordance with Regulation 6 of the Regulations, as the amounts of its Council Tax Base for the year for dwellings in those parts of its area to which one or more special items relate.