Agenda item

Draft Budget, Medium Term Financial Plan and Draft Corporate Plan

To consider the Draft Budget, Medium Term Financial Plan and Corporate Plan.  (Joint report of the Portfolio Holder for Strategic Finance and Strategic Planning, the Portfolio Holder for Internal Services, Performance & Business Development and the Executive Director (Place) (S151) enclosed.)

Minutes:

Consideration was given to the joint report of the Portfolio Holder for Strategic Finance and Strategic Planning, Portfolio Holder for Internal Services, Performance & Business Development and the Executive Director (Place) (S151) which sought consideration of the Draft Budget, Medium Term Financial Plan and Corporate Plan and to make recommendations to full Council.  Copies of the relative appendices were attached as Appendix A – J within the report.

 

The Portfolio Holder for Strategic Finance and Strategic Planning advised that an additional item for a £30,000 spend on an air quality monitoring system in Spalding was to be added to the Capital Programme, and that this would be considered by Council at its meeting on 25 February 2015, alongside the recommendations to Full Council detailed within the report under consideration.

 

The following comments were made:

 

·         The Corporate Plan and priorities had been well-scrutinised, having been considered by both the Performance Monitoring and Policy Development Panels, and having gone through a consultation process.

·         Council Tax payers would now have the opportunity to spread their payments over 12 months rather than 10, and as many people as possible should be encouraged to do this.

 

RECOMMENDED TO COUNCIL:

 

a)      That the General Fund revenue estimates (Appendix A), use of reserves (Appendix D) and Fees and Charges (Appendix H) be approved;

 

b)      That the Council Tax for a Band D property in 2015-16, to be set at £154.84, be approved;

 

c)      That the Spalding Special Expenses estimates (Appendix C) be approved;

 

d)      That the Spalding Special Expense for a Band D property in 2015-16, to be set at £23.10, be approved;

 

e)      That the Medium Term Financial Plan (Appendices A and B) be approved;

 

f)       That the Capital Strategy and Programme (Appendices E and F) be approved, including the delegation to the Chief Executive to purchase land or property assets that support the Council’s priorities, and to also include the information raised by the Portfolio Holder for Strategic Finance and Strategic Planning, with regard to the additional spend of an air quality monitoring system for Spalding, to be incorporated within the Capital Programme;

 

g)      That the Treasury Management Strategy Statement, including the Minimum Revenue Provision Policy and Annual Investment Strategy (Appendix G) be approved;

 

h)      That the authority extends its discretionary business rates relief scheme to include the extension of transitional relief to business premises with a rateable value equal to or less that £50,000 in accordance with Government guidelines, delegating to the Section 151 Officer the development and inclusion of an addendum to the current Discretionary Rate Relief Policy to cover this scheme; and

 

i)       That the Corporate Plan and priorities be approved.

 

(Other options considered:

·         Do nothing; or

·         To note the report and approve the recommendations without amendments..

Reasons for decision:

·         That the draft capital and revenue budget estimates, medium term financial plan and capital strategy were noted as part of the consultation.  Any feedback as a result of the consultation had been considered before the final position was presented to Cabinet and full Council in February; and

·         To comply with the budgetary and policy framework.)

Supporting documents: