Issue - meetings

Please note, the following items are to follow;

Appendix K     Treasury Management Strategy Statement 2018/19

Appendix L      Treasury Management Principles and Practices 2018/19

That Cabinet RESOLVED TO RECOMMEND theCouncil:

(details of the following are set out in Appendices A-M of the report to the Cabinet)

General Fund Revenue Estimate

a)    set a Dacorum Borough Council General Fund Council Tax requirement of £11.094m, and of £11.872m for the combined Borough Council and Parish Councils’ requirement for 2018/19;

b)    approve an increase of 2.99% in Council Tax for Dacorum Borough Council, taking Band D Council Tax to £195.51 for 2018/19;

c)    approve the base estimates for 2018/19, as shown in Appendix A1, and the indicative budget forecasts for 2018/19 – 2021/22, as shown in Appendix A2;

d)    approve the forecast balances of Revenue Reserves as shown in Appendix J, and approve section 10 of this report as the updated Reserves Strategy;

e)    approve increases in Fees and Charges for 2018/19 as set out in Appendices C3, D3, and E3;

f)     approve and adopt the Treasury Management Strategy for 2018/19, attached at Appendix K (to follow);

g)    approve and adopt the Treasury Management Principles and Practices for 2018/19, attached at Appendix L (to follow);

h)    note that this budget paper, when approved by Council, will form part of the Medium Term Financial Strategy.

Capital Programme

a)    approve the revised Capital Programme for 2017/18, and for 2018/19 to 2022/23, as detailed in Appendix I;

b)    approve the financing proposals in Appendix I subject to an annual review of the financing options by the Corporate Director (Finance & Operations), in consultation with the Portfolio Holder for Finance and Resources, during the preparation of the Statement of Accounts.

Housing Revenue Account (HRA)

c)    reduce dwelling rents by 1% in accordance with government legislation, resulting in an average rent of £101.22 per week (based on 52 weeks);

d)    approve the HRA estimate for 2018/19 as shown in Appendix F.

Terms & Conditions

a)    approve the continued application of a living wage supplement for all affected employees, in accordance with the rates of the Living Wage Foundation, for 2018/19 (to be reviewed annually thereafter).

Statement by Chief Finance Officer

a)    approve the statement by the Chief Finance Officer regarding the robustness of the budget estimates and level of reserves as set out in Appendix M.

That Cabinet RESOLVED TO RECOMMEND theCouncil:

(details of the following are set out in Appendices A-M of the report to the Cabinet)

General Fund Revenue Estimate

a)    set a Dacorum Borough Council General Fund Council Tax requirement of £11.094m, and of £11.872m for the combined Borough Council and Parish Councils’ requirement for 2018/19;

b)    approve an increase of 2.99% in Council Tax for Dacorum Borough Council, taking Band D Council Tax to £195.51 for 2018/19;

c)    approve the base estimates for 2018/19, as shown in Appendix A1, and the indicative budget forecasts for 2018/19 – 2021/22, as shown in Appendix A2;

d)    approve the forecast balances of Revenue Reserves as shown in Appendix J, and approve section 10 of this report as the updated Reserves Strategy;

e)    approve increases in Fees and Charges for 2018/19 as set out in Appendices C3, D3, and E3;

f)     approve and adopt the Treasury Management Strategy for 2018/19, attached at Appendix K (to follow);

g)    approve and adopt the Treasury Management Principles and Practices for 2018/19, attached at Appendix L (to follow);

h)    note that this budget paper, when approved by Council, will form part of the Medium Term Financial Strategy.

Capital Programme

a)    approve the revised Capital Programme for 2017/18, and for 2018/19 to 2022/23, as detailed in Appendix I;

b)    approve the financing proposals in Appendix I subject to an annual review of the financing options by the Corporate Director (Finance & Operations), in consultation with the Portfolio Holder for Finance and Resources, during the preparation of the Statement of Accounts.

Housing Revenue Account (HRA)

c)    reduce dwelling rents by 1% in accordance with government legislation, resulting in an average rent of £101.22 per week (based on 52 weeks);

d)    approve the HRA estimate for 2018/19 as shown in Appendix F.

Terms & Conditions

a)    approve the continued application of a living wage supplement for all affected employees, in accordance with the rates of the Living Wage Foundation, for 2018/19 (to be reviewed annually thereafter).

Statement by Chief Finance Officer

a)    approve the statement by the Chief Finance Officer regarding the robustness of the budget estimates and level of reserves as set out in Appendix M.

Reason for decision

To present to Cabinet budget proposals for recommendation to Council in relation to:

·         Revenue and Capital Expenditure together with the potential use of reserves

·         The setting of the Council Tax for 2018/19

·         The Treasury Management Strategy 2018/19

·         The level of fees and charges for 2018/19

·         Advice to Councillors on the robustness of the Budget proposals and adequacy of balances and reserves as required by the Local Government Act 2003

Corporate objectives

All of the Council’s corporate objectives are reflected in the Budget proposals.

Monitoring Officer/S.151 Officer comments

Monitoring Officer:  

Under the Council’s Constitution it is the responsibility of Cabinet to draw up firm proposals for the Budget, having regard to the responses to the consultation, and to present those proposals to full Council for approval. Once full Council has approved the Budget it  ...  view the full minutes text for item 25