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Issue - meetings
Budget Strategy 2011/12 Onwards
Meeting: 22/12/2010 - Cabinet. (Item 120)
120 Budget Strategy 2011/12 Onwards PDF 216 KB
Additional documents:
- Appendix A, item 120 PDF 50 KB
- Appendix B, item 120 PDF 54 KB
- Appendix C, item 120 PDF 37 KB
- Appendix D, item 120 PDF 11 KB
- Appendix E, item 120 PDF 127 KB
- Appendix F, item 120 PDF 109 KB
- Appedix G, item 120 PDF 208 KB
- Appendix H, item 120 PDF 98 KB
Decision:
1. That a provisional spending level of £20.21 million for 2011/12 and a Council Tax freeze in line with the Government’s proposal be agreed.
2. That working balances be set at £2.3million at this time and to monitor this level as part of the standard budget monitoring during 2011/12.
3. That the draft medium term financial strategy as set out in Appendix G of the report of Management Team and its connection to the draft strategic plan be noted.
4. That the results of the budget consultation be noted.
5. That the changes to the budget pressures as set out below be agreed:-
|
2011/12 £000 |
2012/13 £000 |
2013/14 £000 |
2014/15 £000 |
Reduced Income from Regeneration |
|
|
-230 |
+230 |
Pension Fund Valuation |
-500 |
-500 |
-500 |
|
Concessionary Fares |
-150 |
|
|
|
Refuse & Recycling |
|
|
-300 |
|
Local Development Framework |
-400 |
|
|
|
Homelessness Strategy |
-70 |
|
|
|
Cost of Borrowing |
-150 |
|
+150 |
|
Loss of Income |
-50 |
|
|
|
Growth Provision |
+100 |
|
|
|
|
-1,120 |
-500 |
-880 |
+230 |
6. That the revised strategic projection, as set out in Appendix A of the report of Management Team be agreed.
7. That payment by annual instalment of the Council’s contribution to fund the pension fund deficit for the three years 2011/12 to 2013/14 as set out below be agreed:-
|
£,000 |
2011/12 |
1,206 |
2012/13 |
1,260 |
2013/14 |
1,325 |
8. That the savings identified in Appendix B of the report of Management Team be agreed.
9. That the proposed additional use of balances, as detailed in Appendix D of the report of Management Team, be agreed.
10. That the provisional Capital Programme, as detailed in Appendix C of the report of Management Team, be agreed.
Minutes:
DECISION MADE:
1. That a provisional spending level of £20.21 million for 2011/12 and a Council Tax freeze in line with the Government’s proposal be agreed.
2. That working balances be set at £2.3million at this time and to monitor this level as part of the standard budget monitoring during 2011/12.
3. That the draft medium term financial strategy as set out in Appendix G of the report of Management Team and its connection to the draft strategic plan be noted.
4. That the results of the budget consultation be noted.
5. That the changes to the budget pressures as set out below be agreed:-
|
2011/12 £000 |
2012/13 £000 |
2013/14 £000 |
2014/15 £000 |
Reduced Income from Regeneration |
|
|
-230 |
+230 |
Pension Fund Valuation |
-500 |
-500 |
-500 |
|
Concessionary Fares |
-150 |
|
|
|
Refuse & Recycling |
|
|
-300 |
|
Local Development Framework |
-400 |
|
|
|
Homelessness Strategy |
-70 |
|
|
|
Cost of Borrowing |
-150 |
|
+150 |
|
Loss of Income |
-50 |
|
|
|
Growth Provision |
+100 |
|
|
|
|
-1,120 |
-500 |
-880 |
+230 |
6. That the revised strategic projection, as set out in Appendix A of the report of Management Team be agreed.
7. That payment by annual instalment of the Council’s contribution to fund the pension fund deficit for the three years 2011/12 to 2013/14 as set out below be agreed:-
|
£,000 |
2011/12 |
1,206 |
2012/13 |
1,260 |
2013/14 |
1,325 |
8. That the savings identified in Appendix B of the report of Management Team be agreed.
9. That the proposed additional use of balances, as detailed in Appendix D of the report of Management Team, be agreed.
10. That the provisional Capital Programme, as detailed in Appendix C of the report of Management Team, be agreed.
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