Decision details

This report reviews the Council’s finance strategy and makes recommendations regarding the capital programme, the revised revenue budget for 2016/17, the fees and charges and the revenue budget for 2017/18.

This report gives the Executive the opportunity to consider the Council's capital programme, revised service budget for 2016/17, fees and charges for 2017/18 and proposed service budgets for 2017/18.

Capital Programme and Resources 2016/17 to 2020/21

The revised capital programme amounts to £65,686,000, and there are capital resources totalling £67,764,000 over the programme period.  Whilst a surplus of capital resources exists, there are likely to be emerging spending requirements that require new resources to be accumulated now so that the Council can meet its future commitments.

Revised General Fund Revenue Budget 2016/17

The revised general fund revenue budget for 2016/17 amounts to £12,388,300 for service budgets with other budgets totalling -£3,485,000 giving an overall position of £8,903,300 which shows no change from the base budget for 2016/17.

General Fund Revenue Budget 2017/18

The proposed general fund budget for 2017/18 totals £11,800,700 for service budgets along with -£3,184,000 for other budgets giving an overall position of £8,616,700 which is a reduction of £286,600 against the original budget for 2016/17.

That the Executive agrees:-

(a)  that the capital programme for the period 2016/17 to 2020/21, amounting to £65,686,000 as set out at Appendix A to the report be approved;

(b)  that the proposed fees and charges for 2017/18, as set out in Appendix B to the report be approved;

(c)  that the revised 2016/17 general fund budget, amounting to £8,903,300 be approved;

(d)  that the base 2017/18 general fund revenue budget amounting to £8,616,700 be approved; and

(e)  that the use of the surplus on the spending reserve as set out in paragraphs 49-51 be approved.