Issue - meetings

Report number CHFCS84 by the Corporate Head, Finance and Customer Services.                                                                              (Enclosure)

DECISION:

          General Fund

1)    To note the provisional settlement for 2010/11.

2)    To agree a provisional target General Fund Budget Requirement of £16.454m for 2010/11 (inclusive of Special Expenses) for consultation purposes.  This provisional target is based on a 2.5% Council Tax increase.

3)    Request public feedback from the local forum meetings in January and consultation contained within SKtoday and the Council's website, in time for its consideration of the budget plans in February.

4)    Agree to review the target at recommendation 2 above, at the Cabinet meeting in February, in light of the outcome of consultation and other updated information.

5)    Agree to update the naming of the Capacity Building Priority Setting and Service Improvement reserve to the Priority Themes and Service Improvement reserve)

Housing Revenue Account

6)    Approve an indicative rent increase of 3.1% for consultation purposes with the tenant consultation forums on options for rent increases.

7)    Agree to review the proposed rent increase at the February meeting together with proposals regarding garage rents and other service charges.

Capital Programme

8)    Agree to receive detailed reports setting out recommendations for the Capital Programme for both the General Fund and Housing Revenue Account, at the February Cabinet Meeting.

Considerations/reasons for decision:

1)    Report number CHFCS84 and addendum by the Portfolio Holder for Resources and Assets.

2)    Comments made by the Corporate Head for Finance & Customer Services.

3)    Noting that the date for rent convergence had now been set to 2013 which resulted in a 3.1% notional rent increase. The Council would ensure that residents were aware that this increase was as a result of the change to the convergence date, as RPI had been negative in September.