Decision details

Matter for decision

The Budget-Setting Report (BSR) provided an overview of the review of the key assumptions. It included the detailed revenue bids and savings and set out the key parameters for the detailed recommendations and budget finalisation to be considered at the meeting of The Executive on 21 January 2016. The Executive would make final budget recommendations to Council, for consideration at its meeting on 25 February 2016.

 

Decision of the Executive Councillor for Finance and Resources

 

General Fund Revenue Budgets [Section 5, p28 refers]

i.             Agreed any recommendations for submission to the Executive in respect of

-      Revenue Pressures shown in Appendix B(a) and Savings shown in Appendix b(b).

-      Bids to be funded from External or Earmarked Funds as shown in Appendix B(c).

-      Non Cash Limit items as shown in Appendix B(d).

ii.            Recommended to Council formally confirming delegation to the Chief Financial Officer (Head of Finance) of the calculation and determination of the Council Tax taxbase (including submission of the National Non-Domestic Rates Forecast Form, NNDR1, for each financial year) as set out in Appendix A(a).

iii.           Recommended to Council the level of Council Tax for 2016/17 as set out in Section 4 [page 25 refers].

Note that the Cambridgeshire Police and Crime Panel will meet on the 3 February 2016 to consider the precept proposed by the Police and Crime Commissioner, Cambridgeshire & Peterborough Fire Authority will meet on 11 February 2016 and Cambridgeshire County Council will meet on 16 February 2016 to consider the amounts in precepts to be issued to the City Council for the year 2016/17.

 

Other Revenue

iv.          Recommended to Council delegation to the Head of Finance authority to finalise changes relating to any corporate and/or departmental restructuring and any reallocation of support service and central costs, in accordance with the CIPFA Service Reporting Code of Practice for Local Authorities (SeRCOP).

v.           Recommended to Council approval of the new remit for the “Invest for Income Earmarked Reserve” [page 22 refers].

vi.          Recommended to Council approval of the new remit for the “Office accommodation strategy fund” [page 25 refers]

Capital [Section 7, page 33 refers]

vii.         Recommended to Council the proposals outlined in Appendix D(a) for inclusion in the Capital Plan, or put on the Projects Under Development List, including any additional use of revenue resources required.

viii.       Recommended to Council the revised Capital Plan for the General Fund as set out in Appendix D(c), the Funding as set out in Section 7, page 37 and noted the Projects Under Development list set out in Appendix D(d).

General Fund Reserves

ix.          Noted the impact of revenue and capital budgets approvals and approved the resulting level of reserves to be used to support the budget proposals as set out in the table [Section 8, page 40 refers].

Reason for the Decision

As set out in the Officer’s report.

 

Any Alternative Options Considered and Rejected

Not applicable.

 

Scrutiny Considerations

The Committee received a report from the Head of Finance who highlighted a typographical error on p106 (Appendix F) of the Officer’s report in relation to B3821 – Bid to keep Cambridge’s streetlights on in partnership with the County Council, the bid offer should read £45,500 and not £45,550

 

The Committee resolved by 7 votes to 0 to endorse the recommendations.

 

The Executive Councillor for Finance and Resources approved the recommendations.

 

Conflicts of Interest Declared by the Executive Councillor for Finance and Resources (and any Dispensations Granted):

Not applicable.