Issue - meetings

This report sets out the key decisions members are asked to make on the 2011/12 General Fund revenue budget, the 2011/12 schools budget, the 2011/12 Housing Revenue Account, the capital programme for 2011/12 to 2014/15 the treasury management strategy and prudential indicators aimed at ensuring the affordability of capital spending and a secure approach borrowing and investment.

In respect of Section 3

1)         to note the final 2009/10 outturn.

2)         to note the latest forecast for the General Fund outturn (Appendix A(i)) for 2010/11.

3)         to agree the 2010/11 budget virements (Appendix A(ii)).

In respect of Section 4

4)         to note the process, including consultation, that has led to these budget proposals and also note that the council remains in discussion with a number of groups about the council’s library strategy, Charteris Sports Centre and other council services which may have an effect on the council budget.

5)         to agree the General Fund revenue budget for 2011/12, as summarised in Appendix B, or consider any amendments to that budget.

6)         to agree the Service Area budgets including the cost pressures, savings and other adjustments detailed in Appendices C and D.

7)         to note Appendix F and agree the budgets for central items and other budgets, or consider any amendments to those budgets.

8)         to note and, where appropriate, make provision for the contingent liabilities and risks set out in this section of the report.

9)         to agree the approach to balances set out in the report.

10)      to receive the report from the Director of Finance and Corporate Services in paragraph 4.36 in respect of his statutory duty under Section 25 of 2003 Local Government Act.

            In respect of Section 5

11)      note that the GLA precept will be approved at the meeting of the Greater London Assembly on 23rd February 2011.

12)      to note the advice of officers regarding council tax levels.

13)      to agree there is no surplus or deficit at 31^st March 2010 for that part of the Collection Fund relating to community charge.

14)      to note and consider the advice of the Director of Legal and Procurement as set out in Appendix M.

15)      to agree the instalment dates for council tax and NNDR for 2010/11, and the recovery policy for council tax as set out in Appendix G(ii).

            In respect of Section 6

16)      to agree the Medium Term Financial Strategy and the provisional service area cash limits for 2012/13 to 2014/15 set out in Appendix H.

            In respect of Section 7

17)      to agree the Schools Budget set out in Appendix I(i).

In respect of Section 8

18)      to agree the Housing Revenue Account budget set out in Appendix J.

            In respect of Section 9

19)      to note the latest forecast outturn position on the 2010/11 capital programme, and agree the revised budgets.

20)      to note the properties included within the disposals programme set out in Appendix K(v).

21)      to agree the 2011/12 to 2014/15 programme as set out in Appendix K(iii), including the new capital allocations.

22)      to note the inclusion in this Capital Programme of all capital schemes, irrespective of the source of funding and agree that all schemes are subject to the approval procedures as set out in the Constitution.

23)      to note the levels of unsupported borrowing forecast for 2011/12 and  ...  view the full decision text for item 18

The report from the Director of Finance and Corporate Services set out the key decisions to be made on the 2011/12 General Fund revenue budget; the 2011/12 Schools Budget; the 2011/12 Housing Revenue Account; the Council’s capital programme for 2011/12 to 2014/15; the Council’s treasury management strategy; and prudential indicators aimed at ensuring the affordability of capital spending and a secure approach to borrowing and investment. 

Councillor Butt (Lead Member, Resources) introduced the budget report and the recommendations proposed to be made to Full Council. Councillor Butt referred to the emergency budget that had been announced by central government in June 2010 and the efforts that had been made to reduce the council’s projected overspend. £43M would have to be saved in 2011/12 and Councillor Butt acknowledged the anxiety being felt by the community from concerns expressed earlier in the meeting. Consideration was being given to all aspects of the council’s spending and the current efficiency savings programme would help to manage the process.

Councillor Powney moved an amendment to the recommendations in the report to add that the council was in discussion with community groups which may have an effect on the budget. The amendment was accepted.

RESOLVED:-

In respect of Section 3

1)         to note the final 2009/10 outturn.

2)         to note the latest forecast for the General Fund outturn (Appendix A(i)) for 2010/11.

3)         to agree the 2010/11 budget virements (Appendix A(ii)).

In respect of Section 4

4)         to note the process, including consultation, that has led to these budget proposals and also note that the council remains in discussion with a number of groups about the council’s library strategy, Charteris Sports Centre and other council services which may have an effect on the council budget.

5)         to agree the General Fund revenue budget for 2011/12, as summarised in Appendix B, or consider any amendments to that budget.

6)         to agree the Service Area budgets including the cost pressures, savings and other adjustments detailed in Appendices C and D.

7)         to note Appendix F and agree the budgets for central items and other budgets, or consider any amendments to those budgets.

8)         to note and, where appropriate, make provision for the contingent liabilities and risks set out in this section of the report.

9)         to agree the approach to balances set out in the report.

10)      to receive the report from the Director of Finance and Corporate Services in paragraph 4.36 in respect of his statutory duty under Section 25 of 2003 Local Government Act.

            In respect of Section 5

11)      note that the GLA precept will be approved at the meeting of the Greater London Assembly on 23rd February 2011.

12)      to note the advice of officers regarding council tax levels.

13)      to agree there is no surplus or deficit at 31^st March 2010 for that part of the Collection Fund relating to community charge.

14)      to note and consider the advice of the Director of Legal and Procurement as set out in  ...  view the full minutes text for item 18