Decision details

Budget Setting, Medium Term Plan (MTP) & Capital Strategy

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the capital and revenue budget estimates and proposed council tax, the financial Medium Term Plan and the Capital Strategy and recommend approval to Full Council

Decision:

Resolved that the S151 Officer be authorised to update Appendices A, B and E to the report in light of the confirmed Government Settlement.

 

And

 

Recommend to Full Council that:

1.    The Breckland revenue estimates and parish special expenses for 2016-17 and outline position through to 2019-20 (as set out in appendix B and E) are approved

 

2.    The capital estimates and associated funding for 2016-17 and outline position through to 2019-20 (as set out in appendix H) are approved

 

3.    A 100% disregard of war pensions, war widow’s pensions, war widower’s pensions and armed forces compensation payments or any other successor scheme in the calculation of Housing Benefit be approved

 

4.    The fees and charges shown at appendix D and D2, for adoption 1 April 2016 are approved

 

5.    The Council Tax for a band A property in 2016-17 be set at £49.32, a £3.30 per annum increase on 2015-16 levels (band D £73.98, a £4.95 per annum increase on 2015-16 levels)

 

6.    The financial medium term plan at appendix A is approved

 

7.    The Council applies for the four year settlement from central Government

 

8.    The capital strategy at appendix G is approved

 

9.    The release of budget, up to £1M from the investment and growth funds be delegated to the S151 Officer and Portfolio Holder for Finance to jointly approve on receipt of a fully worked and appropriate business case which generates an agreed ongoing return

Reasons for the decision:

To comply with budgetary and policy framework.

Alternative options considered:

1.    That recommendations 1 to 9 are made to Full Council for approval.

 

2.    Make amendments before recommendations 1 to 9 are made to Full Council for approval.

 

3.    Some but not all recommendations 1 to 9 are made to Full Council for approval.

Report author: Alison Chubbock

Publication date: 10/02/2016

Date of decision: 09/02/2016

Decided at meeting: 09/02/2016 - Cabinet

Effective from: 18/02/2016

Accompanying Documents: