Decision details

Matter for Decision

The Budget-Setting Report (BSR) included the detailed revenue bids and savings and capital proposals and set out the key parameters for the detailed recommendations and budget finalisation being considered. The report reflected recommendations that would be made to The Executive on 25 January 2018 and then to Council, for consideration at its meeting on 22 February 2018.

 

Decision of Executive Councillor for Finance and Resources to recommend to the Executive:

 

General Fund Revenue Budgets: [Section 5, page 31 refers]

a)   Agreed recommendations for submission to the Executive in respect of:

·        Revenue Pressures shown in Appendix C (a) and Saving

shown in Appendix C (b).

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

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

 

b)   To recommend 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) which would be set out in Appendix A (a).

 

c)   To recommend to Council the level of Council Tax for 2018/19 as set out in Section 4 [page 28 refers].

 

Noted that the Cambridgeshire Police and Crime Panel would meet on 31 January 2018   to   consider   the   precept   proposed   by   the   Police   and   Crime Commissioner, Cambridgeshire & Peterborough Fire Authority would meet on 8 February 2018 and Cambridgeshire County Council would meet on 9 February 2018 to consider the amounts in precepts to be issued to the City Council for the year 2018/19.

 

Other Revenue:

 

d) To 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).

 

e) To recommended to Council the setting up an earmarked fund - the “GF development fund” [with the remit as page 27 refers].   The council would provide loans to Cambridge Investment Partnership (CIP), of which it was a member, to support the development of the former council depot on Mill Road. The proposals and resulting interest income were covered in more detail in Section 5. It was proposed to retain income from this and other CIP developments in an earmarked reserve reflecting uncertainty in both timings and quantum, and to provide a contingency fund reflecting the potential risks in this scheme and future schemes under development.

 

Capital: [Section 7, page 37 refers]

 

f) Recommend to Council the proposals outlined in Appendix E (a) for inclusion in  the  Capital  Plan,  including  any  additional  use  of  revenue  resources required.

 

g) Recommended to Council the revised Capital Plan for the General Fund as set out in Appendix E (d), the Funding as set out in Section 7, page 40 and note the Projects Under Development list set out in Appendix E (e).

 

General Fund Reserves:

 

h) Noted the impact of revenue and capital budget approvals and approve the resulting level of reserves to be used to support the budget proposals as set out in the table [Section 8, page 45 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 made not comments in response to the report from the Head of Finance.

 

The Committee resolved by 4 votes to 0 to endorse the recommendation.

 

The Executive Councillor approved the recommendations.

 

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted)

No conflicts of interest were declared by the Executive Councillor.