Decision details

11.1

The Chief Executive and the Interim Executive Director, Resources submitted a report providing information to enable the Council to set a budget and determine the Council Tax. The proposals set out in the report provided for a balanced budget to be recommended to Council.   

11.2

RESOLVED: That Cabinet recommends to the meeting of the City Council on 4 March 2016 that:-

(a)

a net Revenue Budget for 2016/17 amounting to £406.492m is approved;

(b)

a Band D equivalent Council Tax of £1,360.48 for City Council services, i.e. an increase of 3.99% (1.99% City Council increase and 2% national arrangement for the social care precept) is approved;

(c)

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

(d)

based on the estimated expenditure level set out in Appendix 3 to this report, it be noted that the amounts shown in part B of Appendix 6 would be calculated by the City Council for the year 2016/17, in accordance with sections 32 to 36 of the Local Government Finance Act 1992;

(e)

it be noted 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, as outlined in Appendix 4 of the report;

(f)

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

(g)

the proposed amount of compensation to Parish Councils for the loss of council tax income in 2016/17 at the levels shown in the table below paragraph 168 be approved;

(h)

the latest 2015/16 budget monitoring position be noted;

(i)

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

(j)

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

(k)

authority is 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)

the Members’ Allowances Scheme for 2013/14 and onwards, approved on 15 May 2013, and implemented for 2014/15 and 2015/16, be also implemented for 2016/17;

(m)

foregoing an annual increase in the Members’ allowances in 2016/17 is approved;

(n)

a Pay Policy for 2016/17 as set out in Appendix 8 of the report is approved;

(o)

authority be delegated to the Director of Public Health and the Interim Executive Director, Resources, in consultation with the Cabinet Member for Finance, to approve the final allocation of Public Health grant to portfolios in 2016/17;

(p)

authority be delegated to the Executive Director, Communities to set – subject to budgetary constraints – a framework of care home & home care fee increases with effect from 1 April 2016; and

(q)

the resolution of the Overview and Scrutiny Management Committee, at its meeting held on 17 February 2016, in consideration of the Revenue Budget 2016/17 report, be supported and this be referred to all Sheffield Members of Parliament and Members of the House of Lords.

11.3

Any Interest Declared or Dispensation Granted

None

11.4

Reason for Exemption if Public/Press Excluded During Consideration

None

11.5

Respective Director Responsible for Implementation

Eugene Walker, Interim Executive Director, Resources

11.6

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 4 March 2016 and is not subject to call-in).