Agenda item

Report of Head of Finance

Summary

The Council has to adopt a budget for 2011/12 as the basis for calculating its level of Council Tax and 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.  This is the second opportunity that the Executive has to shape and refine the interaction between corporate plan service plans and financial matters before the final budget is presented to the Council on the 21 February 2011.

Recommendations

The Executive is recommended:

(1)               To note the outcome of the 2011/12 provisional settlement (detailed in Appendix 1);

(2)               To consider the draft revenue budget 2 (detailed in Appendix 2a) in the context of the Council’s service objectives and strategic priorities; (see thecorporate plan Appendix 2b);

(3)               To note the draft corporate plan for 2011/12 which is currently subject to consultation. (Detailed in Appendix 2b)

(4)               To agree the approach to the overall capital programme and 10/11 expenditure profile (detailed in Appendix 3);

(5)               To advise of any matters they would like taken into consideration in producing a balanced budget for the next meeting of the Executive ;

(6)               To consider the Tax Base Report (Appendix 4) and

·        to resolve that, in accordance with the Regulations, as amended, the amount calculated by the Cherwell District Council as its council tax base for the year 2011/2012 shall be 50,337; and

·        to approve the report of the Head of Finance, made pursuant to the Local Authorities (Calculation of Tax Base) Regulations 1992, as amended, and the calculations referred to therein for the purposes of the Regulations; and

·        to resolve that the tax base for parts of the area be in accordance with the figures shown in column 13 of Appendix 4b.

·        to resolve to continue with the discretionary awards that it resolved to give on December 1 2008.

Recommendations Approved

The Head of Finance submitted a report which provided the second opportunity for the Executive to shape and refine the interaction between corporate plan service plans and financial matters before the final budget is presented to the Council on the 21 February 2011.

Resolved

(1)                           That the outcome of the 2011/12 provisional settlement be noted;

(2)                           That the draft revenue budget 2be noted in the context of the Council’s service objectives and strategic priorities

(3)                           That the draft corporate plan for 2011/12 which is currently subject to consultation, be noted;

(4)                           That the approach to the overall capital programme and 10/11 expenditure profile set out in the annex to the minutes (as set out in the minute book) be agreed;

(5)                           That no further matters be taken into consideration in producing a balanced budget for the next meeting of the Executive at this time ;

(6)                           That the Tax Base Report set out in the annex to the minutes (as set out in the minute book) be noted and

·        that, in accordance with the Regulations, as amended, the amount calculated by the Cherwell District Council as its council tax base for the year 2011/2012 shall be 50,337; and

·        the report of the Head of Finance, made pursuant to the Local Authorities (Calculation of Tax Base) Regulations 1992, as amended, and the calculations referred to therein for the purposes of the Regulations be approved; and

·        that the tax base for parts of the area be in accordance with the figures shown in column 13 in the annex to the minutes (as set out in the minute book).

·        the council continue with the discretionary awards that it resolved to give on December 1 2008.

Reasons

The Council has to adopt a budget for 2011/12 as the basis for calculating its level of Council Tax and 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.

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