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Agenda and minutes

Venue: Chappell Room

Contact: Lyndsey Parnell  Senior Elections and Members' Services Officer

Items
No. Item

69.

Apologies for Absence.

Minutes:

Apologies for absence were received from Councillor Barnfather (observer).

70.

Declaration of Interests.

Minutes:

None

71.

Prudential and Treasury Indicators and Treasury Strategy 2017/18 pdf icon PDF 218 KB

Deputy Chief Executive and Chief Financial Officer.

Additional documents:

Minutes:

The Deputy Chief Executive introduced the report, which had been circulated prior to the meeting, presenting the Council’s Prudential Code Indicators and Treasury Strategy for 2017/18.

 

RESOLVED:

 

To note the Prudential Indicators and Treasury Strategy 2017/18 as detailed in the report, and refer it to Full Council for approval as required by regulation.

 

To approve the Prudential and Treasury Indicators and Treasury Management Strategy Statement 2017/18, which includes the key elements below, and refer it to Council for approval as required by the regulations.

 

1.         The Minimum Revenue Provision (MRP) Policy Statement (at paragraph 2.1.3 of the report)

2.         The Borrowing Strategy (at paragraph 2.2.4 of the report)

3.         The Annual Investment Strategy (at paragraph 2.2.8 of the report)

4.         Capital Affordability Prudential Indicators (at Appendix 1 to the report)

5.         Treasury Indicators including affordability limits to borrowing (at Appendix 1 to the report)

72.

Capital Programme pdf icon PDF 137 KB

Report of the Senior Leadership Team on behalf of the Leader of the Council.

Additional documents:

Minutes:

The Deputy Chief Executive introduced a report, which had been circulated prior to the meeting, setting out the Capital Programme for the next financial year.

 

RESOLVED to:

 

1)    Note the estimated capital financing available for 2017/18 to 2019/20;

 

2)    Approve the Capital Programme for 2017/18 to 2019/20, detailed at Appendix 1 to the report, and refer it to Council for approval on 1 March 2017; and

 

3)      Approve the Capital Investment Strategy 2017/18 to 2019/20, detailed at Appendix 2 to the report, and refer it to Council for approval on 1 March 2017.

73.

Gedling Plan 2016-19 (including General Fund Revenue Budget) pdf icon PDF 241 KB

Report of the Senior Leadership Team on behalf of the Leader of the Council.

Additional documents:

Minutes:

The Chief Executive introduced the Gedling Plan for 2016-19 and summarised a number of key points from the proposed 2017/18 general fund budget.

 

RESOLVED to

 

1)    Approve a 3% income inflation increase for individual portfolios as shown in the table at paragraph 3.6.5 of the report;

 

2)    Recommend to Council

 

a)    That the financial threshold above which decisions will be regarded as Key Decisions be set at £0.5m for 2017/18;

 

b)    A Council Tax increase of £5 which balances the financing of a Net Council Tax Requirement of £5,738,900 in 2017/18;

 

c)    That the Gedling Plan and the detailed budget for 2017/18, as detailed in Appendices 1 and 3 to the report be approved;

 

d)    The future cumulative efficiency target of £1.9m with the following annual ongoing targets:  2018/19 £500,000; 2019/20 £700,000; 2020/21 £700,000; and to instruct officers to develop delivery plans for the 2018/19 budget process.

 

74.

Any other items the Chair considers urgent.

Minutes:

None.

 


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