Issue - meetings

Report of Chief Financial Officer

Summary

To review the Council’s General Fund Budget, Capital Programme, Earmarked Reserves and General Fund Balances to ensure the robustness of the estimates included and to seek formal adoption of all parts of the Council’s financial plans and Corporate Plan for the 2010/11 budget year.

**Please note the Budget Book will be circulated  on15 February 2010**

Recommendations

Council is recommended:

(1)       To consider the contents of this report in approving the General Fund Budget and Capital Programme for 2010/11 and to formally record that consideration

(2)       To approve the 2010/11 General Fund Budget and Capital Programme  proposed by the Executive on 1^st February 2010, as detailed in the Budget Book at Appendix 1

(3)       To approve the Collection Fund Estimates contained in Annex 6 of the Budget Book

(4)       To approve the Prudential Indicators contained in Annex 9 of the Budget Book

(5)       To approve the final Service Plans for 2010/11 as proposed by the Executive on 1^st February 2010 and summarised in the Budget Book

(6)       To approve the Corporate Plan as detailed in Annex 1 of the Budget Book

(7)       To approve the Treasury Management Strategy for 2010/11 proposed by the Executive on 1^st February 2010 at Appendix 2

Council considered a report of the Chief Finance Officer which reviewed the Council’s General Fund Budget, Capital Programme, Earmarked Reserves and General Fund Balances to ensure the robustness of the estimates included and which sought formal adoption of all parts of the Council’s financial plans and Corporate Plan for the 2010/11 budget year.

It was proposed by Councillor Macnamara and seconded by Councillor Mallon, that the recommendations as set out in the report be agreed and that Overview and Scrutiny be requested to consider the issue of pedestrianisation in Kidlington.

Councillor Rae on behalf of the opposition group and Councillor Parish on behalf of the Labour Group, welcomed the budget and confirmed that they did not propose to move any amendments.

Members thanked the Finance team for their work in compiling the budget.

Resolved

Budget 2010/11

(1)               That having considered the report, the 2010/11 General Fund Budget and Capital Programme proposed by the Executive on 1^st February 2010, as detailed in the Budget Book (Annex 1 to the minutes as set out in the minute book) be approved.

(2)               That Collection Fund Estimates contained in Annex 6 of the Budget Book (Annex 1 to the minutes, as set out in the minute book) be approved.

(3)               That the Prudential Indicators contained in Annex 9 of the Budget Book (Annex 1 to the minutes, as set out in the minute book) be approved.

(4)               That the final Service Plans for 2010/11 as proposed by the Executive on 1^st February 2010 and summarised in the Budget Book (Annex 1 to the minutes, as set out in the minute book) be approved.

(5)               That the Corporate Plan as detailed in Annex 1 of the Budget Book (Annex 1 to the minutes, as set out in the minute book) be approved.

(6)               That the Treasury Management Strategy for 2010/11 proposed by the Executive on 1^st February 2010 (Annex 2 to the minutes as set out in the minute book) be approved.

To consider the Estimates 2009/2010, Collection Fund Estimates 2008/2009 and Service Plans 2009/2010 (budget book circulated separately), together with any recommendations contained in the Executive minutes of 9 February 2009.

Service Plans are on deposit on the Councils website

Council is requested to:

The Council is recommended:

A               BUDGET 2009/10

1) to consider the contents of this report in approving the General Fund and Capital Programme 2009/10 budgets and that the s 25 report on the robustness of the budget be noted.

2) that the updated draft budget recommended by the Executive at its meetings on 9 February 2009 and detailed in the 09/10 budget book, (Minute 162 (which is to be tabled)) be approved;

B               COLLECTION FUND 2008/2009
 
3) that the Collection Fund estimates as now submitted be approved (see Annex 6 of the budget booklet).

C                SERVICE PLANS 2009/10

4) that the draft Service Plans 2009/10 be endorsed as recommended by the Executive at its meeting on 9 February 2009 (Minute 162).

Council considered the recommendations of the Executive with regard to the budget (Minute 162), the budget book, the Collection Fund Estimates 2008/2009 and the draft service plans for 2009/2010.

It was proposed by Councillor Macnamara and seconded by Councillor Wood, that the recommendations as set out in the report be agreed.

The Leader of the Opposition, Councillor Cotter and the Leader of the Labour Group, Councillor Parish responded to the budget and confirmed that they did not propose to move any amendments.

Members debated the budget and in doing so, thanked the Strategic Director Customer Service and Resources and the Finance team for their work in compiling the budget.

Resolved

Budget 2009/10

1)         That the Section 25 report on the robustness of the budget be noted.

2)         That the updated draft budget recommended by the Executive at its meetings on 9 February 2009 and detailed in the 09/10 budget book, Minute 162 be approved;

Collection Fund 2008/2009

3)         That the Collection Fund estimates be approved

Service Plans 2009/10

4)         That the draft Service Plans 2009/10 be endorsed as recommended by the Executive at its meeting on 9 February 2009 (Minute 162).