Decision details

Revenue Budget 2017/18

Decision Maker: Co-operative Executive

Decision status: Recommmend Forward to Council

Is Key decision?: Yes

Purpose:

To consider the Revenue Budget, Council Tax and Capital Programme for 2017/18.

Decision:

11.1

The Acting Executive Director, Resources submitted a report to request that the Cabinet request Full Council to:-

 

·         approve the City Council’s revenue budget for 2017/18, including the position on reserves and balances;

·         approve a 2017/18 Council Tax for the City Council; and

·         note the levies and precepts made on the City Council by other authorities.

 

 

11.2

RESOLVED: That Cabinet recommends to the meeting of the City Council on 3 March 2017:-

 

 

 

(a)

to approve a net Revenue Budget for 2017/18 amounting to £395.551m;

 

 

 

 

(b)

to approve a Band D equivalent Council Tax of £1,428.36 for City Council services, i.e. an increase of 4.99% (1.99% City Council increase and 3% national arrangement for the social care precept);

 

 

 

 

(c)

to approve the Revenue Budget allocations and Budget Implementation Plans for each of the services, as set out in Appendix 2 of the report;

 

 

 

 

(d)

to note that, based on the estimated expenditure level set out in Appendix 3 to the report, the amounts shown in part B of Appendix 6 would be calculated by the City Council for the year 2017/18, in accordance with sections 30 to 36 of the Local Government Finance Act 1992;

 

 

 

 

(e)

to note that the section 151 officer has reviewed the robustness of the estimates and the adequacy of the proposed financial reserves, in accordance with Part 2 of the Local Government Act 2003. Further details can be found in Appendix 4 of the report;

 

 

 

 

(f)

to note the information on the precepts issued by the South Yorkshire Police & Crime Commissioner and of South Yorkshire Fire & Rescue Authority, together with the impact of these on the overall amount of Council Tax to be charged in the City Council’s area;

 

 

 

 

(g)

to approve the proposed amount of compensation to Parish Councils for the loss of Council Tax income in 2017/18 at the levels shown in the table in paragraph 177 of the report;

 

 

 

 

(h)

to note the latest 2016/17 budget monitoring position;

 

 

 

 

(i)

to approve the Treasury Management and Annual Investment Strategies set out in Appendix 7 of the report and the recommendations contained therein;

 

 

 

 

(j)

to approve the Minimum Revenue Provision (MRP) Statement set out in Appendix 7 of the report;    

 

 

 

 

(k)

to agree that authority be delegated to the Director of Finance to undertake Treasury Management activity, to create and amend appropriate Treasury Management Practice Statements and to report on the operation of Treasury Management activity on the terms set out in these documents;

 

 

 

 

(l)

to approve a Pay Policy for 2017/18 as set out in Appendix 8 of the report; and

 

 

 

 

(m)

to agree that authority be delegated to the Executive Director of Communities to set – subject to budgetary constraints – a framework of care home & home care fee increases with effect from 1 April 2017.

 

 

 

11.3

Reasons for Decision

 

 

11.3.1

The City Council on 3 March 2017 meets to consider the Revenue Budget for 2017/18 and to determine the Council Tax for that year.  The report provides information to enable the Council to set a budget and determine the Council Tax.  The proposals set out in this report provide for a balanced budget to be recommended to Council. 

 

 

11.4

Alternatives Considered and Rejected

 

 

11.4.1

A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members.  The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget.

 

 

11.5

Any Interest Declared or Dispensation Granted

 

 

 

None

 

 

11.6

Reason for Exemption if Public/Press Excluded During Consideration

 

 

 

None

 

 

11.7

Respective Director Responsible for Implementation

 

 

 

Eugene Walker, Acting Executive Director, Resources

 

 

11.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

 

 

 

N/A

 

 

 

(Note: This is subject to approval at Full Council at its meeting to be held on 3 March 2017 and is not subject to call-in).

 

Report author: John Mothersole

Publication date: 21/02/2017

Date of decision: 15/02/2017

Decided at meeting: 15/02/2017 - Co-operative Executive

Accompanying Documents: