| 154 |
APOLOGIES FOR ABSENCE.
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| 155 |
TO APPROVE AS CORRECT RECORD THE MINUTES OF THE MEETING HELD ON 1 FEBRUARY 2007.
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RESOLVED:
That the minutes of the above meeting having been circulated, be approved as a correct record and signed by the Chairman.
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| 156 |
DECLARATION OF INTERESTS.
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| 157 |
FINANCIAL STRATEGY 2007-2012
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RESOLVED:
To approve the adoption of the financial strategy 2007-2012 at Appendix 1
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| 158 |
REPORT OF HEAD OF FINANCE
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RESOLVED:
i. To approve the budget changes below £50,000, in the General Fund Portfolios as detailed at Appendix 1.
ii. To approve the budget changes below £50,000, in the Housing Revenue Account as detailed at Appendix 2.
iii. To note the Revenue Budgets of £50,000 and above included within Appendices 1 & 2 & also listed below & refer them to the Personnel & Resources Committee for approval.
General Fund
Housing Stock Option (£280k)
Carlton Forum Leisure Centre Income £69.8k
Interest on Investments (£192k)
External Borrowing £78k
Housing Revenue Account
Revenue Contribution to Capital Expenditure £140k
iv. To approve the budget changes in the capital programme under £50,000 as detailed in paragraph 4.7 and Appendix 3.
v. To note the budget changes in the capital programme over £50,000 as detailed in paragraph 4.7 and Appendix 3, and listed below, and refer them to Personnel and Resources Committee for approval.
- LSVT Expenses - £140k
vi. To note the capital programme schemes proposed for deferral as detailed in paragraph 4.7 and refer them to Personnel and Resources Committee for approval.
vii. To approve the changes to Improvement Task targets as detailed in paragraph 3.9 of the report, as an amendment to the Council's agreed Budget/Service Plan.
vii. To forward the Quarterly Budget Monitoring Information to the Personnel and Resources Committee;
viii. To include details of budget and performance monitoring in a quarterly performance digest, for circulation to all members and for publication on the Council's website and Intranet;
ix. To note the virements as detailed in Appendix 4.
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| 159 |
PRUDENTIAL CODE INDICATOR MONITORING 2006/07 AND QUARTERLY TREASURY ACTIVITY REPORT
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RESOLVED:
To note with pleasure the Prudential Indicator Monitoring at Appendix 1 to the report and the Treasury Activity Report at Appendix 2 to the report.
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| 160 |
CAPITAL PROGRAMME 2007/08
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RESOLVED:
To recommend to Council on 1 March 2007 that:
i) The capital financing available for 2007/2008 be noted.
ii) The likely resources available for 2008/09 and 2009/10 be noted.
iii) The capital programme for 2007/08 at Appendix 1 be approved.
iv) The Housing Investment Programme for 2007/08 at Appendix 1 be approved.
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| 161 |
HOUSING REVENUE ACCOUNT 2007/2008
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RESOLVED To approve:-
i) A rent increase of 5.0% for 2007-2008 and the Housing Revenue Account elements of the Performance Plan.
ii) That leaseholder service charges and piper lifelines are increased in line with RPI in accordance with the agreements.
iii) That garage rents are increased in line with the rent increase
iv) That other service charges are increased by 4.1%
(Councillor Poynter asked that his vote against the above proposition be recorded)
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| 162 |
GENERAL FUND REVENUE BUDGET AND SERVICE PLAN 2007/08
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RESOLVED:
To recommend to Council on 1 March 2007:-
i. A Council Tax increase of 3% to balance the financing of a Net Budget Requirement of £13,664,000 in 2007/08
ii. That additional budgets of £100,000 for Environmental initiatives and £100,000 for Spend to Save Initiatives be added to the 2007/08 revenue budget as one off items subject to additional resources being made available via the Local Authority Business Growth Incentive Scheme and that the proposed Budget and Service Plan for 2007/08 be approved accordingly.
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| 163 |
CONSULTANTS REVIEW - REFERRAL FROM RESOURCES & MANAGEMENT SCRUTINY COMMITTEE
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RESOLVED:
i. To accept the report and the recommendations contained in section 7.
ii. To thank the Working Group for the report.
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| 164 |
ANY OTHER ITEMS WHICH THE CHAIRMAN CONSIDERS URGENT.
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