Issue - meetings

PART A: Revenue estimates 2008/09 and indicative budget 2009/10 to 2010/11;

• Capital estimates 2008/09 to 2010/11
• Fees and charges
• Rent setting
• Treasury management strategy
• Priority plans

PART B: Council tax setting.

Report number CHFR91 by the Resources & Assets Portfolio Holder on behalf of the Cabinet.                                        (Enclosure)

[Please can members bring their budget books to the meeting.]

PART A: Revenue estimates 2008/09 and indicative budget 2009/10 and 2010/11

DECISION: That Council:-

General Fund Revenue Estimate

a) set a General Fund budget requirement of £15.755m for 2008/9 and an indicative target of £16.247m for 2009/10 and £16.766m for 2010/11 (inclusive of special expenses).;

b) set a Council Tax increase of 4.38% for 2008/9 (4.44% inclusive of Special Expenses);

c) approve the revised revenue base estimate for 2007/08; original base estimate for 2008/09: and indicative base estimates for 2009/10 and 2010/11 as detailed in the revised summary on page 1) of the addendum to the budget book;

d) approve the revised Treasury Management Strategy provided at Appendix B to report CHFR91;

e) approve increases in Fees and Charges for 2008/09 (in accordance with the Council’s Fees and Charges Strategy) and as set out in pages 143 to 180 of the budget book;

f)  approve a revised joining fee of £20 for the Green Waste Collection Scheme  applicable to new entrants with effect from 1^st April 2008;

g) agree that the earlier decision to give notice to Lincolnshire County Council to withdraw District Council support from the Dial A Ride project is not rescinded;

h) take into account in future years Special Expense Areas (SEAs) under/overspending balances when setting the level of the Council Tax for SEAs using a de-minimus level of 10% with effect from the Closure of Accounts for 2007/8;

i)  create specific reserves for each of the SEAs to enable contributions to be made to the reserve at outturn and as part of the future council tax setting process to provide for asset renewal in future years;

j)  approve the forecast balances of Revenue and Capital Reserves contained at revised page xi) of the budget book;

k) delegate to the Section 151 Officer, in agreement with the Portfolio Holder for Finance and Assets, agreement of the final Pension Pool contribution rate following attendance at a seminar to present the Actuary’s valuation report.

Capital Programme

l)  approves the revised Capital Programme for 2007/08 and Programme for 2008/09 to 2010/11 detailed in pages 140-142(2) of the budget book;

m) authorises the funding proposals subject to an annual review of the financing options by the Corporate Head of Finance and Resources, in consultation with the Portfolio Holder, during the preparation of the Statement of Accounts to optimise the use of Council resources;

n) reviews the policy on the use of Housing Capital Receipts to enable them to be applied to finance the Council’s overall capital programme in the most financially advantageous method as determined by the Corporate Head of Finance and Resources in consultation with the Portfolio Holder for Finance and Assets, subject to the view that in the longer term the capital resources made available to the Council as a housing authority are used for housing purposes.

Housing Revenue Account (HRA)

o)   sets dwelling rent increases in accordance with Government guideline rent, but with a cap on individual rent increases, with no rent  ...  view the full minutes text for item 90

• Revenue Estimates 2008/09 and indicative budget 2009/10 to 2010/11
• Capital estimates 2008/09 to 2010/2011
• Fees and charges
• Treasury Management Strategy
• Priority plans

Report number CHFR88 by the Corporate Head, Finance & Resources.

                                                                                      (Attached)

BUDGET DECISIONS:

          General Fund Revenue Estimate

          The Cabinet recommends parts a to k to the Council:

a.     to set a General Fund budget requirement of £15.783m for 2008/9 and an indicative target of £16.247m for 2009/10 and £16.766m for 2010/11 (inclusive of special expenses).;

b.    to set a Council Tax increase of 4.95% for 2008/9

c.     to approve the revised revenue base estimate for 2007/08; original base estimate for 2008/09: and indicative base estimates for 2009/10 and 2010/11 as detailed in the summary at Appendix A page 1 of report CHFR88;

d.    to approve the Treasury Management Strategy and the recommendations contained therein provided at Appendix B to report CHFR88;

e.     to approve increases in Fees and Charges for 2008/09 (in accordance with the Council’s Fees and Charges Strategy) and as set out in Appendix C to report CHFR88;

f.       to approve a revised joining fee of £20 for the Green Waste Collection Scheme  applicable to new entrants with effect from 1^st April 2008

g.    to agree that the earlier decision to give notice to Lincolnshire County Council to withdraw District Council support from the Dial A Ride project is not rescinded.

h.    to take into account in future years Special Expense Areas (SEAs) under/overspending balances when setting the level of the Council Tax for SEAs using a de-minimus level of 10% with effect from the Closure of Accounts for 2007/8.

i.      to create specific reserves for each of the SEAs to enable contributions to be made to the reserve at outturn and as part of the future council tax setting process to provide for asset renewal in future years.

j.       to approve the forecast balances of Revenue and Capital Reserves contained at Appendix A page 2 of report CHFR88;

k.     delegate to the Section 151 Officer, in agreement with the Portfolio Holder for Finance and Assets, agreement of the final Pension Pool contribution rate following attendance at a seminar to present the Actuary’s valuation report.

            The Cabinet:

l.       requires the Service Manager for Building Control, in consultation with the Corporate Heads of Finance and Resources and Sustainable Communities, to undertake necessary actions to restore the breakeven position, over a rolling three year cycle, within the new financial year (2008/9).

m.   notes that preliminary written and on-line feedback from the budget consultation shows broad representation across all the options; following formal briefing to all six Local Forums resulted in five out of the six supporting the 4.95% increase on the SKDC element of the council tax.

Capital Programme

The Cabinet recommends parts n. to p. to Council:

n.    to approve the revised Capital Programme for 2007/08 and Programme for 2008/09 to 2010/11 detailed at Appendix A page 10-13 of report CHFR88.

o.     to authorise the funding proposals subject to an annual review of the financing options by the Corporate Head of Finance and Resources, in consultation with the Portfolio Holder, during the preparation of the Statement of Accounts to optimise the use of Council resources.

p.  ...  view the full minutes text for item 68