Issue - meetings
Draft Budget 2014-15
Meeting: 29/01/2014 - Council (Item 60)
Report of Cabinet – 20 January 2014
Members are reminded to bring their copies of the report to Cabinet to the meeting.
Additional documents:
- 2014-15 Council Tax Resolution report, item 60 PDF 45 KB
- Labour budget amendments, item 60 PDF 89 KB
Minutes:
Council received a report of Cabinet, including the original report presented to Cabinet at its meeting on 20 January 2014 and an additional report from the Shared Director of Finance setting out the Council Tax Resolution for 2014/2015.
The Mayor moved the budget report incorporating the following amendment to recommendation 2.1 b) in the Council Tax Resolution 2014/2015, which was seconded by Councillor Watkin:
“that the capital programme shall be set out in the Cabinet report with an addition of £80k added to the community and leisure services capital budget to fund approved improvements in non Council owned community centres where the need for support is established.”
Councillor Bell moved the following amendment which was seconded by Councillor Dhindsa:
“Economic Impact Reserve – Proposed forecast balance 31/3/14 £1,836,900–
We propose to draw down this reserve by £1,200,000 (Remained unchanged since 2010/11)
Future Pension Funding Reserve – Proposed forecast £1,375,000
We propose to draw down the reserve by £507,800 (Remained unchanged since 2005/6)
Therefore we propose to use a very modest amount of £1,707,800 of the reserves on new expenditure
We would fund projects related to combatting and addressing domestic violence with the Women’s Centre.
2014/15 £44,000
2015/16 £44,000
2016/17 £44,000
2017/18 £44,000 – Fund the project for 4 years (£44,000x4= £176,000 funded from drawing down on reserves)
Anti-social behaviour officer.
Anti-social behaviour officer – £40,000
2014/15 £40,000
2015/16 £40,000
2016/17 £40,000
2017/18 £40,000 – Fund the project for 4 years (£40,000x4=£160,000 drawing down from the reserves)
St Albans Road Regeneration Investment
2014/15 £1,500,000
The Mayor’s Office
The office costs £158,500 (p102-Budget Book)– on top of this a salary of £65,738 it comes to £224,238. We propose a cut of 20% to the office costs – saving of £31,700
We propose a cut of a Budget to pay for the Lib Dem Group hospitality involved in their meetings which comes to £350. (p103 Budget Book).
We propose a freeze to the CPZ for this year.
Proposals |
2014/15 |
2015/16 |
2016/17 |
2017/18 |
Total cost of proposals |
Womens Centre |
44,000 |
44,000 |
44,000 |
44,000 |
176,000 |
Anti Social Behaviour |
40,000 |
40,000 |
40,000 |
40,000 |
160,000 |
St Albans Road |
1,500,000 |
|
|
|
1,500,000 |
Mayors Office |
-31,700 |
-31,700 |
-31,700 |
-31,700 |
-126,800 |
Liberal Democrats Group Hospitality |
-350 |
-350 |
-350 |
-350 |
-1,400 |
CPZ Freeze |
0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
1,707,800 |
|
1,584,000 |
84,000 |
84,000 |
84,000 |
1,836,000 |
|
-32,050 |
-32,050 |
-32,050 |
-32,050 |
-128,200 |
|
|
|
|
|
|
Use of Reserves |
2014/15 |
2015/16 |
2016/17 |
2017/18 |
Total cost of proposals |
Economic Impact Reserve |
1,200,000 |
|
|
|
1,200,000 |
Pension Fund Reserve |
351,950 |
51,950 |
51,950 |
51,950 |
507,800 |
Revenue Reserves Balance |
-8,413,437 |
-6,561,427 |
-6,353,557 |
-6,503,347 |
1,707,800 |
Total Reserves Balance |
-13,327,258 |
-9,916,924 |
-9,828,554 |
-9,978,344 |
|
CPZ Freeze Assumptions
Assume no other changes to number of permits issued etc.
In the fees and charges report there was an assumption that if the price goes up then the demand will decrease, therefore no additional income was assumed
Due to this I have not made any changes to income as it can be assumed that demand and income will remain as it currently is if this proposal is implemented.”
On being put ... view the full minutes text for item 60