Agenda item


Revenue and Capital Budgets and Corporate Business Plan for 2018/19

Report of Executive Director - Finance and Governance

 

Purpose of report

 

The Council is required to produce a balanced budget for 2018/19 as the basis for calculating its level of Council Tax.  It has to base that budget on its plans for service delivery during the year, recognising any changes in service demand that may arise in future years.

 

The proposed Corporate Strategy and Budget for 2018/19 are presented as an integrated report, incorporating updated Performance and Risk management frameworks, to ensure effective delivery.  This clearly demonstrates that the Council adopts a strategic approach in aligning its allocation of all of its resources, to the delivery of the Council’s priorities.

 

Recommendations

            

The meeting is recommended:

 

1.1       To approve the 2018/19 Corporate Strategy detailed in Appendix 1, and note the new approach to Performance Management that has been adopted.

 

1.2       To note the new Leadership Risk Register in Appendix 2 and new approach to Risk Management that has been adopted.

 

1.3       To approve a zero Council Tax increase, or amend the proposal contained within this report to recommend a different level of Council Tax.

 

1.4       To consider the contents of this report in approving the General Fund Revenue Budget and Capital Programme for 2018/19 and to formally record that consideration.

 

1.5       To note the four year grant settlement shown in Table 1.

 

1.6       To approve the 2018/19 General Fund Budget, shown in Table 2, below, and in the Medium Term Revenue Plan (MTRP) in Appendix 3; and the 2018/19 Capital Programme set out in Appendices 4 and 5.

 

 

1.7       To approve the Collection Fund Estimates contained in Appendix 6.

 

1.8       To note the impact of the proposed budget on reserves in Appendix 7.

 

1.9       To note the adoption of the Corporate Investment Strategy detailed in Appendix 8.

 

1.10    To approve the Treasury Management Strategy including Prudential Indicators as detailed in Appendix 9.

 

1.11    To note the contents of the Section 25 statement from the Chief Finance Officer contained in paragraphs 2.1 to 2.7 in relation to robustness of estimates and adequacy of reserves.

 

1.12    To approve the appended statement of pay policy for 2018/19 as required by the Localism Act and detailed in Appendix 10.

 

Decision:

Resolved

 

(1)          That the 2018/19 Corporate Strategy (annex to the Minutes as set out in the Minute Book) be approved and the new approach to Performance Management that has been adopted be noted.

 

(2)          That the new Leadership Risk Register (annex to the Minutes as set out in the Minute Book) and new approach to Risk Management that has been adopted be noted

 

(3)          That a zero Council Tax increase be approved.

 

(4)          That the contents of the report in approving the General Fund Revenue Budget and Capital Programme for 2018/19 be noted and that consideration be formally recorded.

 

(5)          That the four year grant settlement be noted.   

 

(6)          That the 2018/19 General Fund Budget as set out in the Medium Term Revenue Plan (MTRP) and the 2018/19 Capital Programme (annexes to the Minutes as set out in the Minute Book) be approved.

 

(7)          That the Collection Fund Estimates (annex to the Minutes as set out in the Minute Book) be approved.

 

(8)          That the impact of the proposed budget on reserves (annex to the Minutes as set out in the Minute Book) be noted.

 

(9)          That the adoption of the Corporate Investment Strategy (annex to the Minutes as set out in the Minute Book) be noted.

 

(10)       That the Treasury Management Strategy including Prudential Indicators (annex to the Minutes as set out in the Minute Book) be approved.

 

(11)       That the contents of the section 25 statement from the Chief Finance Officer (annex to the Minutes as set out in the Minute Book) in relation to the robustness of the estimates and the adequacy of reserves be noted.

 

(12)       That the statement of pay policy for 2018/19 as required by the Localism Act (annex to the Minutes as set out in the Minute Book) be approved.

 

 

Minutes:

Prior to consideration of the item, the Chairman sought the agreement of Members to suspend standing orders with regard to the duration of the speech by the proposer of the budget, or the speeches of the group spokesperson and group Leaders. Members indicated agreement.

 

The Assistant Director: Law and Governance reminded Council that it was required in legislation that any motion or amendment to the budget or council tax setting reports be taken by recorded vote and this would be done at the appropriate time.

 

The Executive Director - Finance and Governance submitted a report for Council to agree the revenue and capital budgets and Corporate Business Plan for 2018/19

 

In introducing the report, the Lead Member for Financial Management explained that the Council was required to produce a balanced budget for 2018/19 as the basis for calculating its level of Council Tax. It had to base that budget on its plans for service delivery during the year, recognising any changes in service demand that may arise in future years.

 

The proposed Corporate Strategy and Budget for 2018/19 were presented as an integrated report, incorporating updated Performance and Risk management frameworks, to ensure effective delivery. This clearly demonstrated that the Council adopted a strategic approach in aligning its allocation of all of its resources, to the delivery of the Council’s priorities.

 

Councillor Ilott thanked the Chief Finance Officer and the finance team who had worked hard on the budget process and submitted a balanced budget to Council. Councillor Ilott also thanked the Budget Planning Committee and the Overview and Scrutiny Committee for their hard work supporting the budget setting and business plan process respectively.

 

Having presented the report, Councillor Ilott proposed the Revenue and Capital Budgets and Corporate Business Plan for 2018/19. Councillor Wood seconded the proposal.

 

Councillor Woodcock, on behalf of the Labour Group, addressed Council in response to the budget and confirmed that he would be proposing no amendments.

 

Councillor Sibley, on behalf of the Independent Group, addressed Council in response to the budget and confirmed that he would be proposing no amendments.

 

A recorded vote was taken and members voted as follows:

 

Councillor Anderson

For

Councillor Banfield

Against

Councillor Beere

Against

Councillor Bell

Against

Councillor Billington

For

Councillor Bishop

For

Councillor Brown

For

Councillor Cherry

Against

Councillor Clarke

For

Councillor Corkin

For

Councillor Cotter

For

Councillor Dhesi

Against

Councillor Donaldson

For

Councillor Gaul

For

Councillor Hallchurch MBE

For

Councillor Heath

For

Councillor Holland

For

Councillor Hughes

For

Councillor Hussain

Against

Councillor Ilott

For

Councillor Kerford-Byrnes

For

Councillor Lis

For

Councillor Mackenzie-Wintle

For

Councillor Macnamara

For

Councillor Mallon

For

Councillor Mawer

For

Councillor McHugh

For

Councillor Milne Home

For

Councillor Pickford

For

Councillor Pratt

For

Councillor Prestidge

For

Councillor Reynolds

For

Councillor Richards

Against

Councillor Sames

For

Councillor Sibley

For

Councillor Simpson

For

Councillor Turner

For

Councillor Wallis

For

Councillor Webb

For

Councillor Wood

For

Councillor Woodcock

Against

 

Resolved

 

(1)          That the 2018/19 Corporate Strategy (annex to the Minutes as set out in the Minute Book) be approved and the new approach to Performance Management that has been adopted be noted.

 

(2)          That the new Leadership Risk Register (annex to the Minutes as set out in the Minute Book) and new approach to Risk Management that has been adopted be noted

 

(3)          That a zero Council Tax increase be approved.

 

(4)          That the contents of the report in approving the General Fund Revenue Budget and Capital Programme for 2018/19 be noted and that consideration be formally recorded.

 

(5)          That the four year grant settlement be noted.   

 

(6)          That the 2018/19 General Fund Budget as set out in the Medium Term Revenue Plan (MTRP) and the 2018/19 Capital Programme (annexes to the Minutes as set out in the Minute Book) be approved.

 

(7)          That the Collection Fund Estimates (annex to the Minutes as set out in the Minute Book) be approved.

 

(8)          That the impact of the proposed budget on reserves (annex to the Minutes as set out in the Minute Book) be noted.

 

(9)          That the adoption of the Corporate Investment Strategy (annex to the Minutes as set out in the Minute Book) be noted.

 

(10)       That the Treasury Management Strategy including Prudential Indicators (annex to the Minutes as set out in the Minute Book) be approved.

 

(11)       That the contents of the section 25 statement from the Chief Finance Officer (annex to the Minutes as set out in the Minute Book) in relation to the robustness of the estimates and the adequacy of reserves be noted.

 

(12)       That the statement of pay policy for 2018/19 as required by the Localism Act (annex to the Minutes as set out in the Minute Book) be approved.

 

 

Supporting documents: