Issue - meetings

Purpose: to recommend to Council a revenue budget for 2015/16 and a capital programme for 2015/16 to 2019/20, and the prudential indicators.  

Cabinet considered the head of finance’s report which set out the draft revenue budget 2015/16, and the draft capital programme 2015/16 to 2019/20.  The report also recommended the prudential indicators contained in appendix E that was tabled at the meeting, and the medium term financial plan projecting the budget forward five years. 

Cabinet noted that the budget would be considered on Tuesday 17 February by the Scrutiny Committee before being considered by Council on Thursday 19 February.  The budget included revenue and capital growth proposals, yet proposed a three per cent Council Tax reduction. 

Cabinet supported the budget proposals as set out in the report and thanked officers for their work in preparing the budget. 

RESOLVED: to recommend Council on 19 February 2015 to

(a)     set the revenue budget for 2015/16 as set out in appendix A.1 to the head of finance's report, to Cabinet on 12 February 2015;

(b)     approve the capital programme for 2015/16 to 2019/20 as set out in appendix D.1 to the head of finance's report, together with the capital growth bids set out in appendix D.2 of the report;

(c)     set the council’s prudential limits as listed in appendix E to the head of finance's report;

(d)     approve the medium term financial plan to 2019/20 as set out in appendix F to the head of finance's report; and

(e)     allocate £1,000,000 to fund the Communities Capital Grant Scheme.

RESOLVED: to agree that the cabinet member for finance, in conjunction with the leader, may make minor adjustments to the draft budget proposals and prudential indicators, in conjunction with the head of finance, should they prove necessary prior to its submission to council on 19 February 2015.