Decisions for issue General Fund Revenue Budget, Council Tax and Capital Investment Programme 2018/19

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.