Issue - meetings

The Cabinet considered the report of the Director of Regeneration and Communities regarding the Budget Strategy for 2015/16 onwards.

Following consideration of the financial risks over the medium term, as set out in the report, the Cabinet resolved to recommend to Council a budget based upon a 1.99% increase in the level of Council Tax.

RESOLVED to RECOMMEND to COUNCIL:

(1)  That the revised estimates for 2014/15 as set out in Appendix A
  to the report of the Cabinet be agreed;

(2)  That the minimum level of General Fund Balances be set at £2m for  
  2015/16;

(3)  That the proposed Council Tax of £235.71 at Band D for 2015/16 be
  agreed;

(4)  That the revenue estimates for 2015/16 incorporating the growth
  and savings items set out in Appendix A be agreed;

(5)  That the Statement of Earmarked Reserves and General Fund
  Balances as set out in Appendix A be agreed;

(6)  That the Capital Programme, as set out in Appendix A be agreed;

(7)  That the Capital Programme, as set out in Appendix A be agreed;

(8)  That the funding of the Capital Programme as set out in Appendix
   A be agreed;

(9)  That the Strategic Revenue Projection, as set out in Appendix A
  as the basis for future financial planning be endorsed;

(10)  That it be noted that the Council’s Council Tax base for the year
  2015/16 has been calculated as 56974.3 in accordance with
  Regulation 3 of the Local Authorities (Calculation of Council Tax
  Base) regulations 1992;

(11)  That it be noted that in accordance with Governance guidance the
  yield from business rates has been calculated as £58,252,075;

(12)  That it be noted that the individual parish area tax bases set out in
  Appendix B are calculated in accordance with regulation 6 of the  
  Regulations and are the amounts of the Council Tax Base for the
  year for dwellings in those parts of the Council’s area to which a
  special item relates;

(13)  That the distribution of Local Council Tax Support funding to parish
  councils, as set out in Appendix C, be approved; 


(14)  That the Council Tax requirement for the Council’s own purposes
  for 2015/16 (excluding Parish precepts) is £13,429,412;

(15)   That the following amounts now be calculated by the Council for
  the year 2015/16 in accordance with Section 31A, 31B and 34-36
  of the Local Government Finance Act 1992 as amended by the
  Localism Act 2011:-