Decision - General Fund Revenue Budget & Council Tax 2017/18

RESOLVED TO RECOMMEND:

1)        That Council agree the Administration’s proposed Council Tax increase in the Brighton & Hove element of the council tax, comprising:

a)        A general Council Tax increase of 1.99%;

b)        An Adult Social Care precept increase of 3.00%;

c)         The Council’s net General Fund budget requirement for 2017/18 of £203.590m;

d)        The 2017/18 budget allocations to services as set out in Appendix 1 incorporating 2017/18 savings proposals contained in the 4-Year Integrated Service & Financial Plans;

e)        The reserves allocations as set out in paragraph 3.26 and table 2;

f)          The Prudential Indicators as set out in Appendix 8 to this report.

g)        That disabled bay application fees and individual bays be frozen at current rates.

2)           That Council note the Equalities Impact Assessments to cover all budget options and their cumulative effect are set out in Appendices 9 and 10.

3)           That Council approves the authorised borrowing limit for the year commencing 1 April 2017 of£419m.

4)           That Council approves the annual Minimum Revenue Provision statement as set out in Appendix 7.

5)           That Council notes the 4-Year Integrated Service & Financial Plans and associated Budget Strategies including savings proposals for later years up to and including 2019/20 at appendix 6.

6)           That Council approves the strategy for funding the investment in change and flexible use of capital receipts set out in paragraphs 3.63 to 3.66.

7)           That Council note that supplementary information needed to set the overall council tax will be provided for the budget setting Council as listed in paragraph 4.3.

              RESOLVED – That the Committee agrees that officers be authorised to make any necessary technical, presentational or consequential amendments to this report before submission to full Council.