Decision details
Budget 2012-13 - 2015-16
Decision Maker: City Executive Board (became Cabinet on 13 May 2019), Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This report will consider comment received on the consultation Budget and recommend a 2012-13 Budget and Council Tax to Council. It will also recommend indicative budgets for the subsequent three years.
Decisions:
The Head of Finance submitted a report (previously circulated, now appended) presenting the Council’s Budget and Medium Term Financial Strategy.
The Chief Executive indicated that, as an addition to the matters set out in the report, it would be highly beneficial if Council could be recommended to release funds to install photovoltaic panels on certain council owned premises. In order to qualify for the current higher rate of tariff, the work needed to be completed within a very short timescale. Given the clear cross-party support voiced at the meeting by the leaders of the Liberal Democrat and Green Groups, the Board agreed this additional recommendation, and also agreed to enable the timely letting of the required contracts by way of the resolutions set out in minute 78 below.
Resolved to:-
(1) Note the outcome of the consultation on the Budget;
(2) Approve the proposed amendments to the Budget as set out in tables 3, 5 and 6 of the report
(3) RECOMMEND that Council:-
(a) Approves the General Fund budget requirement for 2012/13 of £24.113 million as detailed in Appendix 1 to the report and in so doing to agree a Council Tax freeze for 2012/13, thereby resulting in an average Band D Council Tax of £262.96;
(b) Approve the Housing Revenue Account budget for 2012/13 as set out in Appendix 4 to the report and an average dwelling rent increase of 7.83% and service charge increases of 6.1%;
(c) Approves the Capital Programme for 2012/13 - 2015-16 as set out in Appendix 6 to the report subject to the inclusion of £300,000 in the 2011/12 Capital Programme in respect of the installation of photovoltaic works to General Fund Leisure properties to be funded by capital receipts and the inclusion of £400,000 for Council house properties in the HRA for similar works to be financed from underspends within the HRA capital programme; and
(d) Approve Fees and Charges as set out in Appendix 7 to the report.
Report author: Anna Winship
Publication date: 10/02/2012
Date of decision: 08/02/2012
Decided at meeting: 08/02/2012 - City Executive Board (became Cabinet on 13 May 2019)
Effective from: 15/02/2012
Accompanying Documents:
- 2012-13 Budget PDF 186 KB View as DOC (1) 370 KB
- 2012 Budget Appendix 1 PDF 42 KB View as XLS (2) 89 KB
- 2012 Budget Appendix 2 PDF 103 KB View as XLS (3) 512 KB
- 2012 Budget - Appendix 3 new PDF 316 KB View as XLS (4) 480 KB
- 2012 Budget Appendix 4 PDF 30 KB View as XLS (5) 26 KB
- 2012 Budget Appendix 5 PDF 19 KB View as XLS (6) 33 KB
- 2012 Budget Appendix 6 PDF 36 KB View as XLS (7) 117 KB
- 2012 Budget Appendix 7 PDF 194 KB View as XLS (8) 256 KB
- 2012 Budget Appendix 8 PDF 25 KB View as XLS (9) 2 MB
- 2012 Budget - Appendix 9 PDF 57 KB View as DOC (10) 104 KB