Decision details

That the Motion be submitted to the Meeting of Budget Council on 14 February 2018 with a recommendation that;

(i)            Capital

-          the draft Capital Plan 2018-2023 be approved (appendix E)

-          the Prudential Indicators  as detailed at appendix F be approved

(ii)          Treasury Management (Appendix C)

-          the borrowing strategy be approved (paragraphs 2.12-2.18 refer)

-          the investment strategy be approved (paragraphs 2.19-2.33 refer)

-          the policy for provision of repayment of debt (minimum revenue provision/MPR) be approved (appendix C refers, reflecting the changes in policy outlined in paragraphs 2.34-2.66) effective from 2017-2018, be approved

-          the treasury management indicators be approved (appendix C refers)

-          proposals to refresh the treasury management strategy for financial year 2019-2020 to reflect revised 2017 CIPFA Treasury Management and Prudential Codes, and updated Government Investment Strategy and MRP guidance to Local Authorities (Government guidance pending), be noted.

(iii)         General Fund Revenue

-          the Draft Revenue Budget 2018-2020 be approved, as attached at appendix A

-          the forecast levels of statutory and other Council reserves, as set out at appendix B, be noted

-          the strategy for the use of balances and reserves be approved (paragraph 3.73 refers)

-          a further reassessment of reserves requirements be undertaken at year end and reported to Members as part of the 2017-2018 financial outturn and rollover report (paragraph 3.74 refers)

-          the Council’s continued participation on the Leeds City Region business rates pool for 2018-2019 be noted (paragraph 3.26 refers)

-          the Flexible Capital Receipts Strategy for 2018-2019 be approved (appendix D refers)

-          the Council Tax requirement for 2018-2019 be approved (appendix H refers)

-          the Council’s Pay Policy Statement for 2018-2019 be approved (appendix I i-iv refers)

-          the Council’s Statutory S151 Officer’s positive assurance statement be noted (paragraphs 4.4.2 – 4.4.9 refer)

-          the Council’s Statutory S151 Officer be given delegated authority to amend how the finally approved precepts are recorded in the Council’s revenue budget in line with the final notifications received following decisions by the Office of Police and Crime Commissioner, the Fire and Rescue Authority and Parish Councils, should these be received after 14 February 2018 (paragraph 4.1.3 refers)

(iv)         Housing Revenue Account

-          the draft Housing Revenue Account Budget for 2018-2020 be approved (appendix A refers)

-          the strategy for the use of the Housing Revenue Account reserves, as set out at paragraphs 3.93 -3.94, be approved