9 Finance Strategy, Capital Programme, Revenue Budget and Council Tax 2019/20 PDF 199 KB
A report by the Director of Finance and Resources.
Additional documents:
Decision:
RESOLVED that the Executive approves and recommends to the meeting of the Council to be held on 22 February 2019:
(a) the capital programme and financing of £39,973,000;
(b) an overall revised revenue budget for 2018/19 of £8,440,500;
(c) a revenue budget for 2019/20 of £8,666,400;
(d) the remainder of the surplus in the spending reserve remains in the reserve to cover the anticipated future funding shortfalls as set out in paragraphs 16-19;
(e) a council tax for Fareham Borough Council for 2019/20 of £160.22 per band D property, which represents a £5.00 increase when compared to the current year and is within referendum limits; and
(f) an unchanged Council Tax Support scheme for 2019/20.
Minutes:
A tabled item was presented in respect of this item to clarify that the Council Tax payment of £160.22 per Band D property will apply for the 2019/20 municipal year and not 2018/19 as stated in the Executive Summary section of the report.
A tabled item was also presented to correct paragraph 21 of the report to show that the net rates payable from National Non-Domestic Rates for 2019/20 (after Transitional arrangements and reliefs) is £42,307,239.
RESOLVED that the Executive approves and recommends to the meeting of the Council to be held on 22 February 2019:
(a) the capital programme and financing of £39,973,000;
(b) an overall revised revenue budget for 2018/19 of £8,440,500;
(c) a revenue budget for 2019/20 of £8,666,400;
(d) the remainder of the surplus in the spending reserve remains in the reserve to cover the anticipated future funding shortfalls as set out in paragraphs 16-19;
(e) a council tax for Fareham Borough Council for 2019/20 of £160.22 per band D property, which represents a £5.00 increase when compared to the current year and is within referendum limits; and
(f) an unchanged Council Tax Support scheme for 2019/20.