Agenda item

Budget and Council Tax 2013/14 - Medium Term Financial Strategy

The cabinet member fORDeLIVERING value for money, cOUNCILLOR ANDY ROBERTS, RECommends:

 

1.      That Cabinet consider any feedback and proposals from the Performance Management and Budget Scrutiny Committee and, in the light of this, recommend that Council approve the following:

 

                                i.            the budget assumptions set out in paragraph 6.1 of this report;

                              ii.            the Budget 2013/14 and MTFS 2013-2018 and the details underpinning the numbers as set out in Appendix 1;

                            iii.            the proposed savings for 2013/14 (included in December Cabinet papers)

                           iv.            the City Band D Council Tax of £162.10 (frozen at same level as for 2012/13) to meet the Council’s budget requirement;

                             v.            the Capital Programme and Capital Financing as set out in Appendix 2;

                           vi.            earmarked reserves (included in December Cabinet papers)

                         vii.            the split of funding of New Homes Bonus into the three categories and the proposed allocations to projects, as set out in paragraphs 10.4 and 10.17 of this report;

                       viii.            the Commissioning Framework as set outat Appendix 3;

                           ix.            the detailed Fees and Charges as set out at Appendix 4;

                             x.            Treasury Management Annual Strategy and Prudential Indicators (included in January Cabinet papers and set out at Appendix 5);

                           xi.            the Pay Policy Statement 2013/14 (included in January Cabinet papers); and,

                         xii.            the detailed revenue budget estimates as set out in the Budget Book (included in December Cabinet papers).

 

Minutes:

The Cabinet received a report detailing the Medium Term Financial Strategy 2013-2018 and Budget and Council Tax 2013/14. The Portfolio Holder for Delivering Value for Money summarised the main point of the report.

 

The Leader of the Council informed Cabinet that detailed comments requesting Cabinet’s consideration had been received from Performance Management and Budget Scrutiny Committee. The Chairman of Performance Management and Budget Scrutiny informed Cabinet that the Committee had met on three occasions, 22nd, 29th January and 5th February to consider the Medium Term Financial Strategy 2013-2018 and Budget and Council Tax 2013/14. Following on from the three meetings a report to Cabinet had been compiled detailing the main issues raised at the meetings.

 

The Leader of the Council together with other Cabinet Members gave a detailed response to each of the issues raised by Performance Management and Budget Scrutiny Committee. One of the suggestions of the Committee was regarding CCTV monitoring within the City. The Committee acknowledged that whilst CCTV was operating well it would be a good idea to allow for extra resources in busy periods and during planned events.  

 

Cabinet stated that CCTV was currently delivering what is was intended to do. Cabinet did however agree the provision of £10k from the General Reserve to be used as a contingency to deal with any arising resource issues was a sensible approach. Cabinet agreed the amendment would be put to Council as part of the Budget 2013/14 on 19th February 2013.

 

The Leader of the Council thanked the Performance Management and Budget Scrutiny Committee for its time in considering the Medium Term Financial Strategy 2013-2018 and Budget and Council Tax 2013/14 and for the thorough and detailed comments produced to Cabinet. A detailed response from Cabinet to each of the issues raised would be compiled for Performance Management and Budget Scrutiny.

 

RESOLVED:  That the Cabinet consider any feedback and proposals from the Performance Management and Budget Scrutiny Committee and, in the light of this, recommend that Council approve the following:

 

                                i.            the budget assumptions set out in paragraph 6.1 of the report;

                              ii.            the Budget 2013/14 and MTFS 2013-2018 and the details underpinning the numbers as set out in Appendix 1 of the report;

                            iii.            the proposed savings for 2013/14 (included in December Cabinet papers);

                           iv.            the City Band D Council Tax of £162.10 (frozen at same level as for 2012/13) to meet the Council’s budget requirement;

                             v.            the Capital Programme and Capital Financing as set out in Appendix 2 of the report;

                           vi.            earmarked reserves (included in December Cabinet papers);

                         vii.            the split of funding of New Homes Bonus into the three categories and the proposed allocations to projects, as set out in paragraphs 10.4 and 10.17 of the report;

                       viii.            the Commissioning Framework as set out at Appendix 3 of the report;

                           ix.            the detailed Fees and Charges as set out at Appendix 4 of the report;

                             x.            Treasury Management Annual Strategy and Prudential Indicators (included in January Cabinet papers and set out at Appendix 5 of the report);

                           xi.            the Pay Policy Statement 2013/14 (included in January Cabinet papers); and

                         xii.            the detailed revenue budget estimates as set out in the Budget Book (included in December Cabinet papers).

 

 

 

 

Supporting documents: