10 Finance Strategy, Capital Programme, Revenue Budget and Council Tax 2018/19 PDF 182 KB
A report by the Director of Finance and Resources.
Decision:
RESOLVED that the Executive approves and recommends to the meeting of the Council to be held on 23 February 2018:
(a) the capital programme and financing of £55,081,000;
(b) an overall revised revenue budget for 2017/18 of £8,616,700;
(c) a revenue budget for 2018/19 of £8,440,500;
(d) that the surplus in the spending reserve remains in the reserve to cover the anticipated future funding shortfalls as set out in paragraphs 18-21; and
(e) a council tax for Fareham Borough Council for 2018/19 of £155.22 per band D property, which represents a £5.00 increase when compared to the current year and is within referendum limits.
Minutes:
RESOLVED that the Executive approves and recommends to the meeting of the Council to be held on 23 February 2018:
(a) the capital programme and financing of £55,081,000;
(b) an overall revised revenue budget for 2017/18 of £8,616,700;
(c) a revenue budget for 2018/19 of £8,440,500;
(d) the surplus in the spending reserve remains in the reserve to cover the anticipated future funding shortfalls as set out in paragraphs 18-21; and
(e) a council tax for Fareham Borough Council for 2018/19 of £155.22 per band D property, which represents a £5.00 increase when compared to the current year and is within referendum limits.