Agenda item

1.1

The Executive Director, XXX submitted a report

1.2

RESOLVED: That XXX:-

(a)

(b)

(c)

1.3

Reasons for Decision

1.3.1

1.3.2

1.3.3

1.4

Alternatives Considered and Rejected

1.4.1

1.4.2

1.5

Any Interest Declared or Dispensation Granted

None

1.6

Reason for Exemption if Public/Press Excluded During Consideration

None

1.7

Respective Director Responsible for Implementation

XXX, Executive Director, XXX

1.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

XXX

9.1

A joint report of the Chief Executive and Executive Director, Resources was submitted which sought approval for the City Council’s Revenue Budget for 2014/15, a 2014/15 Council Tax for the City Council and outlined the levies and precepts made on the City Council by other authorities.

9.2

As part of Cabinet’s consideration of the joint report, it was noted that the Overview and Scrutiny Management Committee had noted the following recommendations, without amendment, as part of its consideration of the joint report earlier in the day.

9.9

RESOLVED: That the City Council, at its meeting on 7^th March 2014 be recommended to:-

(a)

approve a net Revenue Budget for 2014/15 amounting to £451.248m;

(b)

approve a Band D equivalent Council Tax of £1282.75 for City Council services, i.e. at the same level as 2013/14;

(c)

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

(d)

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 for the City Council for the year 2014/15, in accordance with sections 32 to 36 of the Local Government Finance Act 1992;

(e)

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

(f)

approve the proposed amount of compensation to Parish Councils for the loss of council tax income in 2014/15 at the levels shown in the table below paragraph 186”

(g)

approve the proposed changes to empty property discounts in respect of Council Tax

(h)

note the latest 2013/14 budget monitoring position;

(i)

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

(j)

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

(k)

delegate authority 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 those documents.

(NOTE: 1.This item is referred for approval by the City Council and cannot, therefore, be called in for scrutiny)