Agenda item

RESOLVED

That Council approved

1

the Single Corporate Vision & Strategic Priorities for 2015/16;

2

the proposed revisions to Service Revenue Budgets;

3

the sum of £81,670 be applied from Council Tax Collection Fund surpluses in reducing the Council Tax demand in 2015/16;

4

the sum of £728,023 be applied from Business Rates Collection Fund surpluses in 2015/16;

5

that on 27th November 2014, the Cabinet calculated the Council Tax Base 2015/16 for the whole Council area as 20,628 [Item T in the formula in Section 31B(3) of the Local Government Finance Act 1992, as amended (the "Act")];

6

the Council Tax requirement for the Council’s own purposes for 2015/16 is £3,271,601;

7

the following amounts as calculated for the year 2015/16 in accordance with Sections 31 to 36 of the Act:

a. £54,565,489 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2) of the Act (Outgoings excluding internal GF Recharges);

b. £51,293,888 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act (Income excluding internal GF Recharges);

c. £3,271,601 being the amount by which the aggregate at 6(a) above exceeds the aggregate at 6(b) above, calculated by the Council in accordance with Section 31A(4) of the Act as its Council Tax requirement for the year (Item R in the formula in Section 31A(4) of the Act);

d. £158.60 being the amount at 6(c) above (Item R), all divided by Item T (at 4 above), calculated by the Council, in accordance with Section 31B(1) of the Act, as the basic amount of its Council Tax for the year;

8

the Council Tax level for the Borough Council for 2015/16 of £158.60 (an increase of £3.10 (1.99%) on the 2014/15 level of £155.50) at Band D;

9

an aggregate Council Tax (comprising the respective demands of the Borough Council, Staffordshire County Council, Office of the Police and Crime Commissioner Staffordshire and Stoke-on-Trent and Staffordshire Fire and Rescue Authority) of £1,452.45 at Band D for 2015/16 be noted;

10

the Council Tax levels at each band for 2015/16;

11

the sum of £145,682 be transferred from General Fund Revenue Balances in 2015/16;

12

the Summary General Fund Revenue Budget for 2015/16;

13

the Provisional Budgets for 2016/17 to 2017/18, summarised at Appendix G, as the basis for future planning;

14

the minimum level for balances of £500k to be held for each of the General Fund, Housing Revenue Account, General Capital Fund and Housing Capital Fund;

15

that Cabinet be authorised to release funding from the General Contingency budget and that the release of funding for Specific Contingency items be delegated to the Corporate Management Team in consultation with the Leader of the Council;

the proposed HRA Expenditure level of £15,388,430 for 2015/16;

16

the proposed HRA Expenditure level of £15,388,430 for 2015/16;

17

rents for Council House Tenants in 2015/16 be increased by an average of £1.70 per week (1.96%) to £88.30 (2014/15 £86.60), over a 48 week rent year;

18

rents for Council House Tenants due for 52 weeks in 2015/16 be collected over 48 weeks;

19

the HRA deficit of £3,072,360 be financed through a transfer from Housing Revenue Account Balances in 2015/16;

20

the proposed 3 year General Fund Capital Programme of £6.9m, as detailed in Appendix I to the report;

21

the proposed 5 year Housing Capital Programme of £54.1m, as detailed in Appendix J to the report;

22

to delegate authority to Cabinet to approve/add new capital schemes to the capital programme where grant funding is received or there is no net additional cost to the Council;

23

the Treasury Management Strategy Statement, the Treasury Management Policy Statement, Minimum Revenue Provision Strategy and Annual Investment Statement 2015/16 (as detailed at Appendix N);

24

the Prudential and Treasury Indicators and Limits for 2015/16 to 2017/18 contained within Appendix N;

25

the adoption of the Treasury Management Practices contained within ANNEX 7; and

26

the detailed criteria of the Investment Strategy 2015/16 contained in the Treasury Management Strategy within ANNEX 3.

(Moved by Councillor D Cook and seconded by Councillor R Pritchard)