Decision - General Fund Revenue Budget & Council Tax 2013/14

To agree the revenue budget and council tax for 2013/14 and recommend approval by Full Council

RESOLVED TO RECOMMEND:

(1)       That subject to the recommendation (3) below, the 2013/14 General Fund Revenue Budget proposals contained in the body of the report be approved including:

·               A 1.96% increase in the Brighton & Hove element of the council tax;

·               The 2013/14 budget allocations to services as set out in appendix 1;

·               The council’s net General Fund budget requirement for 2013/14 of £228.1m;

·               The reinvestments as set out in paragraph;

·               The budget savings package as set out in appendix 4;

·               The contingency budget of £6.0m as set out in table 6;

·               The reserves allocations as set out in paragraph and table 4;

·               The borrowing limit for the year commencing 1 April 2013 of £371m;

·               The annual Minimum Revenue Provision statement as set out in appendix 9;

·               The Prudential Indicators as set out in appendix 10 to this report;

·               The proposed responses to the scrutiny recommendations as set out in appendix 14.

(2)               That the revised Medium Term Financial Strategy budget and resource projections for 2013/14 to 2018/19 as set out in appendix 7 to the report be noted; and

(3)               That it be noted that supplementary information needed to set the overall council tax would be provided for the budget setting Council as listed in paragraph 4.5 of the report.