Issue - meetings

To consider the Medium Term Financial Plan and budget for 2016/17 and to recommend them to the Council for adoption.

RECOMMENDED:

(a)         That it be agreed that there is a General Fund Net Budget Requirement of £17,491,770 in 2016/17, as set out in Appendix 5 to report item 5 considered by the Cabinet, including Business Development and Third Party Grant schemes as set out in Appendix 3 to report item 5;.

(b)        That the site licence fees and service charges at the Stillwater Park be increased by 0.8%, in line with RPI inflation;

(c)     That the Band D Council Tax for 2016/17 shall be £158.36;

(d)    That the General fund Capital Programme for 2016/17 of £4.133 million, as set out in Appendix 6 to report item 5 to the Cabinet, be approved; and

(e)     That each of the Prudential Indicators, the Limits for 2016/17 to 2018/19 and the Minimum Revenue Provision Policy Statement, as set out in Appendix 7 to report item 5 to the Cabinet, be approved and adopted.

The Cabinet discussed the Medium Term Financial Plan, which had been developed further since consideration in January (Minute 46 refers) and now included the General Fund net budget requirement, the capital programme; and the recommended level of the Council tax for 2016/17.

It was noted that the budget shortfall identified in January had been addressed through further savings of £180,000 arising from the senior management review and revisions to the planned maintenance and replacement work programme for 2016/17 amounting to £300,000.

The Cabinet proposed to reduce the net budget requirement for 2016/17 to £17,491,770.  This would amend the Band D Council Tax charge for 2016/17 to £158.36.  Savings would be identified to cover the £36,210 reduction in the budget requirement.

The Cabinet noted the comments and recommendations of the Budget Task and Finish Group that had been adopted by the Corporate Overview and Scrutiny Panel.

RECOMMENDED:

(a)         That it be agreed that there is a General Fund Net Budget Requirement of £17,491,770 in 2016/17, as set out in Appendix 5 to report item 5 considered by the Cabinet, including Business Development and Third Party Grant schemes as set out in Appendix 3 to report item 5;.

(b)        That the site licence fees and service charges at the Stillwater Park be increased by 0.8%, in line with RPI inflation;

(c)     That the Band D Council Tax for 2016/17 shall be £158.36;

(d)    That the General Fund Capital Programme for 2016/17 of £4.133 million, as set out in Appendix 6 to report item 5 to the Cabinet, be approved; and

(e)     That each of the Prudential Indicators, the Limits for 2016/17 to 2018/19 and the Minimum Revenue Provision Policy Statement, as set out in Appendix 7 to report item 5 to the Cabinet, be approved and adopted.