Agenda item

9.1

A joint report of the Chief Executive and the Interim Executive Director of Resources was submitted which sought approval for the City Council’s revenue budget for 2015/16, a 2015/16 Council Tax for the City Council and commented upon 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.

9.3

RESOLVED: That the City Council, at its meeting on 6th March, 2015, be recommended to:-

(a)

approve a net Revenue Budget for 2015/16 amounting to £422.972m;

(b)

approve a Band D equivalent Council Tax of £1308.28 for City Council services, i.e. an increase of 1.99%;

(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 the information on the precepts issued by the South Yorkshire Police and Crime Commissioner and the South Yorkshire Fire and Rescue Authority;

(e)

approve the proposed amount of compensation to Parish Councils for the loss of council tax income in 2015/16 at the levels shown in the table below paragraph 175;

(f)

note the latest 2014/15 budget monitoring position;

(g)

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

(h)

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

(i)

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;

(j)

agree that the Members’ Allowances Scheme for 2013/14 and onwards, approved on 15 May 2013, and implemented for 2014/15, be also implemented for 2015/16, with the addition (to paragraph (h) of Schedule 2) of the following approved duty which was approved by Council at its meeting held on 3 December 2014 – “attendance at meetings of Local Housing Area Forums”;

(k)

approve foregoing an annual increase in the Members’ Allowances in 2015/16;

(l)

approve a Pay Policy for 2015/16 as set out in Appendix 8; and

(m)

delegate authority to the Director of Public Health and the Interim Executive Director, Resources, in consultation with the Cabinet Member for Finance and Resources, to approve the final allocation of Public Health grant to portfolios in 2015/16.