Decision details

Setting of annual revenue & capital budgets, as well as the District Council Tax. Determines any increases in budgetary commitments.

(1)        That, in respect of the Council’s General Fund Budgets for 2010/11, the following be recommended to the Council for adoption:

(a)        the revised revenue estimates for 2009/10, with an anticipated reduction of the General Fund balance by £837,000;

(b)        an increase in the target for the 2010/11 Continuing Services Budget from £18million to £18.1million (including growth items);

(c)        an increase in the target for the 2010/11 District Development Fund net spend from £1.3million to £1.4million;

(d)        an increase of 1.5% in the District Council Tax for a Band ‘D’ property to raise the charge from £146.61 to £148.77;

(e)        the estimated reduction in General Fund balances in 2010/11 of £549,000;

(f)         the four year capital programme 2010/11 – 13/14;

(g)        the Medium Term Financial Strategy 2010/11 – 13/14; and

(h)        the Council’s policy on General Fund Revenue Balances to remain that they be allowed to fall no lower than 25% of the Net Budget Requirement;

(2)                                                                                             That the 2010/11 Housing Revenue Account budget, including the revised revenue estimates for 2009/10, be recommended to the Council for agreement;

(3)        That the application of the rent increases and decreases proposed for 2010/11 in accordance with the Government’s rent reforms and the Council’s approved rent strategy with the addition of an extra element to give an average overall increase of 2.4% be noted;

(4)        That the established policy of capitalising deficiency payments to the pension fund, in accordance with the Capitalisation Direction request made to the Department for Communities and Local Government, be recommended to the Council for approval;

(5)        That the Council’s Prudential Indicators be recommended to the Council for approval;

(6)        That the Treasury Management Strategy for 2010/11 be recommended to the Council for approval; and

(7)        That the Chief Financial Officer’s report to the Council on the robustness of the estimates for the purposes of the Council’s 2010/11 budgets and the adequacy of the reserves be noted.