Agenda item
Budget Proposals 2017-18
Decision:
AGREED RECOMMENDATIONS
Reasons for decision – as specified in the report
Other options considered – none
Conflicts of interest / dispensations granted – none.
Minutes:
RESOLVED:
The General Fund
Budget 2017-18 and MTFS (Section 3)
1.
That the 2017-18 net Council cash
limits as set out in Table 1 (paragraph 3.1.3 of the report) and
the MTFS at Appendix A of the report, which includes the revenue
savings in Appendix B of the report, be agreed.
2.
That the requirement to report on the number of maintained schools
that have completed the Schools Value Financial Standard (SVFS) by
31st March to the Department for Education by
31st May each year (paragraph 3.2.17 of the report) be
noted.
3.
That the fees and charges policy and the schedule of 2017-18 fees
and charges be agreed, and that authority be delegated to the
Corporate Director of Children's Services, in consultation with the
Executive Member for Children and Families, to agree new childcare charges following
consultation in the summer term (paragraphs 3.2.18-21 of the report
and Appendices C1 and C2 of the report) be agreed.
4.
That the Council’s policy on the level of General Fund
balances and the estimated use of the Council’s earmarked
reserves be agreed. That the redundancy
reserve is estimated to be fully spent by the end of 2016-17, and
that, from 2017-18, redundancy costs are to be funded within
departmental budgets (paragraphs 3.2.23-26 and Table 3 of the
report) be agreed.
The HRA
Budget and MTFS (Section 4)
5.
That the balanced HRA 2017-18
budget within the HRA MTFS at Appendix D1 of the report and the
2017-18 HRA savings at Appendix D2 of the report be agreed.
6.
That the 2017-18 HRA rents and
other fees and charges (Tables 5-8 and Appendix D3 of the report)
be agreed.
The Capital Programme 2017-18 to 2019-20 (Section 5)
7.
That the 2017-18 capital programme
be agreed and the provisional programme for 2018-19 to 2019-20 be
noted (paragraph 5.1, Table 9 and Appendix E of the
report).
8.
That the Corporate Director of
Finance and Resources applies capital resources to fund the capital
programme in the most cost-effective way (paragraph 5.2 of the report) be
agreed.
Treasury Management Strategy (Section 6)
9.
That the Treasury Management
Strategy that will initially be considered by Audit Committee on
24th January 2017 and then included for agreement within
the final budget report to Executive on 9th February
2017 and Council on 23rd February 2017 be
noted.
Council Tax 2017-18, including
Statutory Calculations (Section 7)
10.
That the proposal to exempt all
care leavers under the age of 25 from council tax, to be considered
in a separate report to the 9th February Executive be
noted. The discount, if agreed, would
be available from 1st April 2017 and cost £28k a
year. That the cost would be shared
with the GLA, via the Collection Fund (paragraphs 7.1 to 7.2 of the report) be
noted.
11.
That the General Fund budget has
been prepared on the basis that the basic amount of council tax in
Islington will increase by 1.99% in 2017-18, with, in addition, the
application of the maximum social care precept of 3.00% (paragraph
7.3 of the report) be noted.
12.
That the detailed, statutory
council tax calculations and the recommendations for the final
2017-18 council tax level, including the Greater London Authority
(GLA) and social care precepts, will be included in the budget
report to Executive on 9th February 2017 and Council on
23rd February 2017 (paragraphs 7.4 and 7.5 of the
report) be noted.
Matters to Consider in Setting the Budget (Section 8)
13.
That the Section 151
Officer’s and the Monitoring Officer’s comments in
their
determination of the revenue and capital budgets for 2017-18 and
the basis for the
level of council tax, including the Section 151 Officer’s
report in relation to his
responsibilities under Section 25 (2) of the Local Government Act
2003 be noted.
14.
That the Resident Impact
Assessment (RIA) on the 2017-18 budget (Appendix F of
the report) be noted.
Reasons for decision – to allow Councillors to set a balanced budget.
Other options considered – none other than as specified in the report
Conflicts of interest / dispensations granted – none.
Supporting documents:
- Budget 2017-18 Main report Executive Jan 2017, item 351. PDF 326 KB
- Appendices A to F_Budget Report_Executive 19.1.17 V3, item 351. PDF 943 KB