Decision details

Purpose: to recommend Council to agree budgets for 2013/14

NOTE: Decision (b) is eligible for call-in, decision (a) is not

RESOLVED:

(a)   to recommend Council to

i.        set the revenue budget for 2013/14 at £11,684,623 and the council tax requirement as £6,187,635, as set out in appendix A1 of the report of the Head of Finance to Cabinet on 14 February 2013;

ii.      approve the capital programme for 2013/14 to 2017/18 as set out in appendix C of the report of the Head of Finance to Cabinet on 14 February 2013, together with the capital growth bids set out in appendix D of the report of the Head of Finance to Cabinet on 14 February 2013;

iii.    set the council’s prudential limits as listed in appendix F of the report of the Head of Finance to Cabinet on 14 February 2013;

iv.     approve the medium term financial plan to 2017/18 as set out in appendix G of the report of the Head of Finance to Cabinet on 14 February 2013;

v.       allocate £1 million to fund the Community Investment Fund grant scheme.

(b)   that the Cabinet member for finance, in conjunction with the leader, may make minor adjustments to this report and the prudential indicators, in conjunction with the Head of Finance, should they prove necessary prior to its submission to Council on 21 February 2013.