Decision - General Fund Revenue Budget, Council Tax and Capital Investment Programme 2018/19
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Decision details
General Fund Revenue Budget, Council Tax and Capital Investment Programme 2018/19
Decision Maker: Policy, Resources & Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
This report sets out the final proposals for
the General Fund Revenue Budget and Council Tax for
2018/19
Decision:
102.1 RESOLVED: That the Committee recommends to Council:
1) That the Committee recommends to Council:
(a) The Administration’s proposed Council Tax increase in the Brighton & Hove element of the council tax, comprising:
(i) A general Council Tax increase of 2.99%;
(ii) An Adult Social Care precept increase of 3.00%;
(iii) The council’s net General Fund budget requirement for 2018/19 of £208.824m;
(iv) The 2018/19 budget allocations to services as set out in Appendix 1 incorporating 2018/19 savings proposals contained in the 4-Year Integrated Service & Financial Plans;
(v) The reserves allocations as set out in paragraph 3.21 and table 3;
(vi) The Prudential Indicators as set out in Appendix 10 to this report.
(b)That Council note the Equalities Impact Assessments to cover all relevant budget options and their cumulative effect as set out in Appendices 11 and 12.
(c)That Council approves the authorised borrowing limit for the year commencing 1 April 2018 of £436m.
(d) That Council approves the annual Minimum Revenue Provision statement as set out in Appendix 9.
(e) That Council notes the 4-Year Integrated Service & Financial Plans proposals for 2019/20 at Appendix 6.
(f) That Council notes the updated Medium Term Financial Strategy at Appendix 4.
(g) That Council approves the strategy for funding the investment in change and flexible use of capital receipts set out in paragraph 6.10.
(h) That Council notes the Capital resources and proposed borrowing included in Appendix 7.
(i) That Council approve the Capital Investment Programme for 2018/19 included at Appendix 8 and incorporating allocations to strategic funds detailed in paragraph 6.9.
(j) That Council note that supplementary information needed to set the overall council tax will be provided for the budget setting Council meeting as listed in paragraph 11.3.
(2) That Policy, Resources & Growth Committee agrees that officers be authorised to make any necessary technical, presentational or consequential amendments to this report before submission to full Council.
Report author: Nigel Manvell, James Hengeveld
Publication date: 08/02/2018
Date of decision: 08/02/2018
Decided at meeting: 08/02/2018 - Policy, Resources & Growth Committee
Accompanying Documents:
- General Fund Revenue Budget & Council Tax 2018/19 PDF 702 KB
- Appendix 1 - Movement in Budget Allocations 2017/18 to 2018/19 PDF 112 KB
- Appendix 2 - Specific grants revenue and capital PDF 257 KB
- Appendix 3 - Review of Reserves PDF 277 KB
- Appendix 4 - MTFS PDF 147 KB
- Appendix 5 - Assessment of Risks PDF 186 KB
- Appendix 6 - 4 Year Integrated Service & Financial Plans PDF 2 MB
- Appendix 7 - Capital Resources PDF 227 KB
- Appendix 8 - Capital Investment Programme PDF 503 KB
- Appendix 9 - MRP statement PDF 35 KB
- Appendix 10 - Prudential Indicators PDF 340 KB
- Appendix 11 - EIA - Cumulative PDF 383 KB
- Appendix 12 - EIA - Individual PDF 827 KB
- Appendix 13 - Carbon Budget PDF 191 KB