Decision details
Revenue Budget 2011/12
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To recommend to Council the Annual
Budget.
Decision:
In recommending to Council a budget and Council Tax level for 2011/12:
1 That the original budget proposals that have been subject to consultation since 14 December (section 7.1 of the report) be confirmed;
2 That the provision for inflation of £0.545m (section 7.2 of the report) be agreed;
3 That the additional budget proposals as set out in Annexe A and Annexe D and in sections 6.3 and 7.3 of the report be agreed;
4 That the Council should fund the Schools budgets at the level set out in section 8.1 of the report, subject to any amendments made by the Executive Member for Education be agreed;
5 That a general contingency of £1.000m be included, use of which is to be authorised by the Chief Executive in consultation with the Borough Treasurer in accordance with the delegations included in the Council’s constitution (section 9.5 of the report);
Subject to the above recommendations confirms the draft budget proposals;
7 That the total expenditure before allowance for loss of interest from any use of balances of £76.248m, as shown in Table 6 (section 10) be approved;
8 That a contribution of £1.590m from revenue balances to support revenue expenditure be agreed;
9 That the Council’s total requirement for the Collection Fund, excluding Parish Council precepts, be set as £48.473m be recommended;
10 That no change in the Council Tax for the Council’s services be recommended. The Valuation Bands therefore remain as follows:
Band |
Tax Level Relative to Band D |
£ |
A |
6/9 |
729.30 |
B |
7/9 |
850.85 |
C |
8/9 |
972.40 |
D |
9/9 |
1,093.95 |
E |
11/9 |
1,337.05 |
F |
13/9 |
1,580.15 |
G |
15/9 |
1,823.25 |
H |
18/9 |
2,187.90 |
11 That the Council approves the following indicators, limits, strategies and policies included in Annexe E:
· The Prudential Indicators and Limits for 2011/12 to 2013/14 contained within Annexe E(i);
· The Minimum Revenue Provision (MRP) Policy contained within Annexe E(ii);
· The Treasury Management Strategy Statement, and the Treasury Prudential Indicators contained in Annexe E(iii);
· The Authorised Limit Prudential Indicator in Annexe E(iii);
· The Investment Strategy 2011/12 to 2013/14 and Treasury Management Limits on Activity contained in Annexe E(iv);
12 That the virements relating to the 2010/11 budget as set out in section 16 be approved.
Reasons for the decision:
The recommendations are designed to enable the Executive to propose a revenue budget and Council Tax level for approval by Council on 2 March.
Alternative options considered:
Background information relating to the options considered is included in the report.
Interests and Nature of Interests Declared:
None.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Financial Impact: Council's Annual Budget.
Declarations: None.
Subject to Urgent Proceedings: No.
Making Representations: In writing to the Borough Treasurer.
Other reasons / organisations consulted
Website and letters to Business Ratepayers.
Consultees
General consultation open to all in Bracknell Forest.
Contact: Alan Nash, Borough Treasurer Email: alan.nash@bracknell-forest.gov.uk Tel: 01344 352179.
Report author: Alan Nash
Publication date: 15/02/2011
Date of decision: 15/02/2011
Decided at meeting: 15/02/2011 - Executive
Effective from: 24/02/2011
Accompanying Documents: