Issue - meetings

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

Meeting: 25/02/2016 - Council (Item 26)

26 Budget Setting, Medium Term Plan (MTP) & Capital Strategy (Agenda Item 9) pdf icon PDF 97 KB

Report of the Executive Director Commercialisation.

Additional documents:

Minutes:

The Executive Member for Finance noted that a lot of work went into the preparation of the MTF and he thanked Julie Kennealy, Alison Chubbock and the Finance Team for their efforts.

 

A balanced budget which completely phased out reliance on the RSG by 2019-20 had been achieved.  He sought approval to take up the opportunity to accept a draft four year settlement from central Government to provide greater clarity on the future.

 

Councillor Clarke proposed an amendment to earmark £98,000 from the under-spend from the current financial year to fund a one year pilot to establish locality budgets for all 49 Councillors.

 

Following some debate the amendment was not supported.

 

A further amendment was proposed to ring-fence £35,000 from sale of land at Fairfields, Thetford for future play equipment project within the Fairfields vicinity and to help alleviate traffic issues generated by the development being allowed to proceed.

 

The amendment was not supported.

 

In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014 a recorded vote was taken on the recommendations below. The vote was as follows:

 

For

 

 

Councillors:

Against

 

 

Councillor:

Abstain

 

 

Councillors:

Apologies /
Not Present

 

Councillors:

Ashby

Gilbert

Clarke

C Carter

Bambridge

 

Jermy

Claussen

Bishop

 

 

Darby

Brame

 

 

Duffield

Borrett

 

 

Gould

Bowes

 

 

Hewett

T Carter

 

 

Joel

M Chapman-Allen

 

 

Jolly

S Chapman-Allen

 

 

Millbank

Cowen

 

 

T Monument

Crawford

 

 

Nunn

Dimoglou

 

 

Pettitt

Duigan

 

 

Webb

Hollis

 

 

 

Martin

 

 

 

Matthews

 

 

 

L Monument

 

 

 

Nairn

 

 

 

Newton

 

 

 

Oliver

 

 

 

R Richmond

 

 

 

W Richmond

 

 

 

Robinson

 

 

 

Rogers

 

 

 

Sharpe

 

 

 

Sherwood

 

 

 

Smith

 

 

 

Stasiak

 

 

 

Taylor

 

 

 

Turner

 

 

 

Wassell

 

 

 

Wilkin

 

 

 

Wilkinson

 

 

 

 

RESOLVED 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 £1million from the investment and growth funds be delegated to the S151 Officer in consultation with the Portfolio Holder for Finance to jointly approve on receipt of a fully worked and appropriate business case which generates an agreed ongoing return.

 


Meeting: 09/02/2016 - Cabinet (Item 24)

24 Budget Setting, Medium Term Plan (MTP) & Capital Strategy (Agenda Item 11) pdf icon PDF 97 KB

Report of the Executive Member for Finance.

Additional documents:

Minutes:

The Executive Member for Finance presented the Report. 

 

The Executive Director Commercialisation informed Members that final confirmation of the comprehensive spending review was received on 8 February 2016.  The Government had confirmed that additional Rural Service Delivery Grant would be received of £353k during 2016-17 and £175k for 2017-18 only; this would be allocated into the Investment fund.  The New Homes Bonus had been confirmed at £19k higher than expected for 2016-17.  Also confirmation had been received that new homes bonus retrospective reductions would not take palce for 16-17 and therefore this would be £412k higher.  Both these amounts would be allocated to the Growth Fund.  However, consultation was still underway regarding future New Homes Bonus and the position would be clarified for future years after consultation ends.

 

The Revenue Support Grant remained unchanged and therefore did not have financial impact.  The Council were encouraged to consider the 4-year Fund Settlement and had until the 14 October to respond to the required elements, however further details were yet to be received.

 

There had not been any details given on changes to the NNDR, but this was likely to form part of a separate consultation.

 

In summary, all changes gave an improved position to the Growth and Investment fund, and did not change the Council Tax position.

 

The Executive Director Commercialisation asked for Cabinet to agree to allow changes to be made to Appendices A, B and E before the report be presented to Full Council.

 

Councillor Borrett said this was good news, and thanked the Officers for their work into the budget preparation.

 

Councillor Bambridge added his thanks especially in relation to the support given to war pensions.

 

It was RESOLVED that the S151 Officer updated Appendix A, B and E in light of the Government Settlement.

 

Reasons for Recommendation

To comply with budgetary and policy framework.

 

Options:

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

 

RESOLVED to 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  ...  view the full minutes text for item 24