Agenda item
Budget Proposals 2016-17
- Meeting of Executive, Thursday, 14th January, 2016 7.30 pm (Item 226.)
- View the background to item 226.
Decision:
AGREED RECOMMENDATIONS:
Reason for decision – as specified in the report.
Other options considered – none, other than as detailed in the report and related papers.
Conflicts of interest / dispensations granted – none.
Minutes:
Councillor Hull introduced the budget proposals, advising that they will be considered by the Policy and Performance Scrutiny Committee next week. Councillor Hull advised that despite the government cuts, he was proud to announce the investment in Youth Safety.
RESOLVED:
That the following
recommendations be agreed and recommended to the Council meeting on
25 February 2016:
The
General Fund Budget 2016-17 and MTFS (Section 3)
2.1
That the 2016-17 net Council cash limits as set out
in Table 1 (Paragraph 3.1.4) of the report and the
MTFS at Appendix A of the report,
which include the revenue savings in Appendix B of the report and revenue growth of £0.5m for
investment in keeping the borough’s young people safe, be
agreed.
2.2
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 be noted (Paragraph 3.2.13 of the report).
2.3
That the fees and charges policy be agreed and the
schedule of 2016-17 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 be agreed (Paragraphs 3.2.14-17 and Appendices C1
and C2 of the report).
2.4
That the Council’s policy on the level of
General Fund balances and the estimated use of the Council’s
earmarked reserves be agreed (Paragraphs 3.2.19-21 and
Table 3 of the report) The HRA
Budget and MTFS (Section 4 of the
report).
2.5
That the balanced HRA 2016-17 budget within the HRA
MTFS at Appendix D1 of the report and
the 2016-17 HRA savings at Appendix D2 of the
report be agreed.
2.6
That the 2016-17 HRA rents and other fees and
charges (Tables 5-8 and Appendix D3 of
the report) be agreed.
The
Capital Programme 2016-17 to 2018-19 (Section 5)
2.7
That the 2016-17 capital programme be agreed and the
provisional programme for 2017-18 to 2018-19 be noted (Paragraph
5.1, Table 9 and Appendix E of the
report).
2.8
That the Corporate Director of Finance and Resources
applies capital resources to fund the capital programme in the most
cost-effective way be agreed (Paragraph 5.2 of the
report).
2.9
That the schemes that comprise the Capital Allowance
pot of eligible affordable housing and regeneration schemes be
noted (Paragraph 5.3 and Appendix E of the
report).
Treasury
Management Strategy (Section 6)
2.10
That the Treasury Management Strategy will initially
be considered by Audit Committee on 28th January 2016 and then
included for agreement within the final budget report to Executive
on 4th February 2016 and Council on 25th February 2016 be
noted.
Council Tax 2016-17, including Statutory Calculations (Section 7)
2.11
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 2016-17, with, in addition, the application of
the government’s separate social care precept of 2.00% be
noted.
2.12
That the detailed, statutory council tax
calculations and the recommendations for the final 2016-17 council
tax level, including the Greater London Authority (GLA) and social
care precepts, will be included in the budget report to Executive
on 4th February 2016 and Council on 25th February 2016 be
noted.
Matters to Consider in Setting the Budget (Section 8)
2.13
That the Section 151 Officer’s and the
Monitoring Officer’s comments in their determination of the
revenue and capital budgets for 2016-17 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.
2.14 That the Resident Impact Assessment (RIA) on the 2016-17 budget be noted (Appendix F of the report).
Reason for decision – to allow Councillors to set a balanced budget.
Other options considered – none, other than as detailed in the report and related papers.
Conflicts of interest / dispensations granted – none.
Supporting documents: