Issue - decisions

Setting the 2018/19 budget and updating the medium term financial strategy

15/01/2018 - Setting the 2018/19 budget and updating the medium term financial strategy

That:

 

the following be recommended to Full Council:

 

i.              the council tax base of 68,177.57 Band D equivalents;

ii.            an increase in core council tax in 2018/19 of 2.9%;

iii.           an additional precept in respect of adult social care costs of 2% applied to council tax in 2018/19 resulting in a total council tax increase of 4.9%; increasing the band D charge from £1,376.50 to £1,443.95 for Herefordshire Council in 2018/19;

iv.           the balanced 2018/19 revenue budget proposal of £144.1m subject to any amendments approved at the meeting specifically.

a.    The net spending limits for each directorate as at Appendix 3

b.    The gross revenue budget of £241.2m

c.    Delegates to the section 151 officer the power to make necessary changes to the budget arising from any variations in central government funding allocations via general reserves;

v.            the treasury management strategy at appendix 5 be approved;

vi.           the medium term financial strategy (MTFS) at appendix 1 be approved;

vii.               authority be delegated to the chief finance officer, in consultation with the cabinet member finance and the leader to make technical amendments (grammatical, formatting, and consistency) as necessary to finalise the appendix 1 and 3 for publication for council.