Issue - meetings

To consider and approve the recommendations from the meeting of Cabinet held on 14 February 2011.

Cabinet, at its meeting on 14 February 2011, gave consideration to the Council budget for 2011/12, which had been produced following engagement on the pre budget report, issued in January. The budget set out in detail the spending plans and income targets for the financial year, starting 1 April 2011, as well as financial estimates for the next two financial years.

At the time the Cabinet report had been prepared the final formula grant allocations remained to be confirmed; it had been reported to Cabinet that there had been no change to the allocations.

Cabinet recommended the budget to Council for approval :-

RESOLVED

1. That the results of the Budget Engagement exercises undertaken by the Council, detailed in Appendix A of the Cabinet report, be noted.

2. That the comments of the Borough Treasurer and Head of Assets (Chief Finance Officer), regarding the robustness of estimates and level of reserves held by the Council based on the budget detailed in Appendix B of the Cabinet report (Comment from Borough Treasurer) be noted.

3. That the 2011/2012 Budget Report, detailed in Appendix B of the Cabinet report be approved.

4. That the three-year Capital Programme for 2011/2012 to 2013/2014, as detailed in Appendix B of the Cabinet report, paragraphs 52 to 63 and Annex 6 be approved.

5. That a Band D Council Tax of £1,216.34 be approved, this being no change from 2010/2011.

6. That the Reserves Strategy, as detailed in Appendix B, Annex 8 of the Cabinet report be approved.

7. That the 2011/2012 non ring fenced Specific Grants (excluding Dedicated Schools Grant) be agreed, as detailed in Appendix B, paragraphs 18 to 22 of the Cabinet report and that Portfolio Holders be authorised to agree any necessary amendment to particular grants within their area of responsibility, in the light of further information received from Government Departments or other funding bodies.

8. That the 2011/2012 Dedicated Schools Grant of £229.6m and the associated policy proposals, as detailed in Appendix B paragraphs 23 to 33 and Annex 6 of the Cabinet report, be agreed.