Agenda item

Purpose: to recommend council to agree the budgets 2013/14 and the capital programme to 2017/18

Cabinet considered the report of the Head of Finance that asked Cabinet to recommend Council to agree the budget 2013/14 and the capital programme to 2017/18.

Mr D Dodds, Cabinet member for finance, referred to an amendment to paragraph 15 of the report in that the grant funding for rural areas of £19,456 would not be available to the council as Government had previously advised.

Cabinet agreed to recommend the budget to Council on the basis that it was a sustainable budget that would enhance services yet offer a 2.5 per cent reduction in council tax. 

RESOLVED: to:

a.      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.      agree 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.