Issue - meetings

Councillor Blair left the meeting at 6.40pm

A proposition was moved by Councillor John Clarke and seconded by Councillor Payne in the following terms:-

1.           That the Prudential and Treasury Indicators and Treasury Strategy 2014/15 referred to in Minute 102 of the meeting of the Cabinet held on 20 February 2014, be approved.

2.         That the recommendations contained in Minute 103 of the meeting of the Cabinet held on 20 February 2014 with regard to the Capital Programme 2014/15 be approved.

3.         That the Gedling Plan 2014/15 (including General Fund Revenue Budget), referred to in Minute 104 of the meeting of the Cabinet held on 20 February 2014, be approved.

4.         That the financial threshold above which decisions will be regarded as Key Decisions be approved at £0.5m for 2014/15, as referred to in Minute 104 of the meeting of the Cabinet held on 20 February 2014.

5.         That the sum of £64,538 be transferred to the General Fund Balances in 2014/15 to support future General Fund revenue expenditure.

6.         That it be noted that the Finance & Performance Portfolio Holder determined on 21 January 2014 (D139), the following amounts for the year 2014/15 in accordance with regulations made under section 31(B) of the Local Government Finance Act 1992.

(a)  34,912.38 being the amount calculated by the Council, in accordance with regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 2012, as its council tax base for the year. (The Council Tax base for the whole district)

(b)

being the amounts calculated by the Council, in accordance with regulation 6 of the Regulations, as the amounts of its council tax base for the year for dwellings in those parts of its area to which one or more special items relate. (The Council Tax base for each parish)

7.         That the following amounts be now calculated by the Council for the year 2014/15 in accordance with sections 31A, 31B and 34 to 36 of the Local Government Finance Act 1992 (the Act):

(a)       £49,591,160 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(2) of the Act. (Effectively gross expenditure including parish precepts, and transfers to reserves)

(b)       £43,728,062 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(3) of the Act. (Effectively gross income and transfers from reserves)

(c)        £5,863,098 being the amount by which the aggregate at 7(a) above exceeds the aggregate at 7(b) above, calculated by the Council, in accordance with section 31A(4) of the Act, as its Council Tax Requirement for the year. (Expenditure less income)

(d)       £167.94 being the amount at 7(c) above, divided by the amount at 6(a) above, calculated by the Council, in accordance with section 31B of the Act, as  ...  view the full minutes text for item 66