Decision details

This report seeks final confirmation of the recommendations to Council, on 19 February 2016, in respect of the revenue budget, capital programme and council tax for 2016/17.

On 11 January 2016, the Executive reviewed the Council’s overall finance strategy and considered proposals relating to the capital programme, revenue budgets and the council tax for 2016/17.  This report updates the Council’s budgets to reflect the decisions taken on 11 January 2016.

The capital programme for the years 2015/16 to 2019/20 will be £36,959,000.

The revenue budget for 2016/17 will be £8,829,400.  With Central Government support and retained business rates estimated to be £2,592,859 and use of collection fund balance of £136,473, the total amount due from the council tax payers will be £6,100,068.

Taking these changes into consideration, the council tax for 2016/17 will be £145.22 per Band D property. This represents an increase from the council tax set for 2015/16 and would be within the referendum limit set by the Government.

RESOLVED that the Executive agrees:

(a)  that the capital programme for the period 2015/16 – 2019/20, amounting to £36,959,000 as set out at Appendix A to the report be approved;

(b)  that the proposed fees and charges for 2016/17, as set out in Appendix B to the report be approved, subject to the amendment of the fixed penalty for dropped litter being increased to £80 and fouling of the land being increased to £100;

(c)  that the revised 2015/16 general fund budget, amounting to £9,174,600 be approved;

(d)  that the base 2016/17 general fund revenue budget amount to £8,736,600 be approved;

(e)  that the use of the surplus on the spending reserve as set out in paragraphs 42-46 be approved; and

(f)   a commitment to fund foreshore repairs at Hill Head from the general fund revenue reserve, once the costs are known.