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Agenda and minutes

Venue: Chappell Room

Contact: Alec Dubberley  Service Manager Democratic Services

Items
No. Item

87.

Apologies for Absence.

Minutes:

None.

88.

Declaration of Interests.

Minutes:

None

89.

Prudential and Treasury Indicators and Treasury Management Strategy Statement (TMSS) 2018/19 pdf icon PDF 259 KB

Report of the 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 2018/19.

 

RESOLVED:

 

To note the Prudential Indicators and Treasury Strategy 2018/19 as detailed in the report, and refer it to Full Council for approval as required by regulations consisting of:

 

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)

90.

Capital Programme and Capital Investment Strategy 2018/19 to 2020/21 pdf icon PDF 149 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 and Capital Investment Strategy for the next financial year.

 

RESOLVED to:

1)    Endorse the Capital Investment Strategy 2018/19 to 2020/21 detailed at Appendix 1 to the report and refer it to Council for approval on 5 March 2018;

 

2)    Note the estimated capital financing available for 2018/19 to 2020/21; and

 

3)    Endorse the Capital Programme for 2018/19 to 2020/21 detailed at Appendix 2 to the report and refer it to Council for approval on 5 March 2018.

91.

Gedling Plan 2018-19 (including General Fund Revenue Budget) pdf icon PDF 251 KB

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

Additional documents:

Minutes:

The Deputy Chief Executive introduced the proposed 2018/19 general fund budget. The Director of Organisational Development and Democratic Services gave an overview of the Gedling Plan for 2016-19 and summarised a number of key points.

 

RESOLVED to:

 

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

 

2)    Recommend to Council on 5 March 2018:

 

a)    That the financial threshold above which decisions will be regarded as Key Decisions be set at £0.5m for 2018/19;

 

b)    A Council Tax increase of £5 which balances the financing of a Net Council Tax Requirement of £5,974,500 in 2018/19;

 

c)    That the Gedling Plan and the detailed budget for 2018/19, as detailed in Appendices 1 and 3 of the report be approved;

 

d)    The future cumulative efficiency target of £1.1m with the following annual ongoing targets: 2019/20 £100,000; 2020/21 £200,000; 2021/22 £400,000; 2022/23 £400,000; and to instruct officers to develop delivery plans for the 2019/20 budget process.

 

 

 

92.

Any other items the Chair considers urgent.

Minutes:

None.

 


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