Agenda item

Revenue and Capital Budget 2018/19 and Medium Term Financial Strategy 2022/23

(A)           Recommendation to Council and Council Tax Resolution

(B)           Revenue and Capital Budget 2018/19 and Medium Term Financial Strategy to 2022/23


Councillor Cowper presented a report and recommendation setting out the Revenue and Capital Budget for 2018/19 and the Medium Term Financial Strategy to 2022/23.


Councillor David Evans, as Vice Chairman of the Governance, Audit and Scrutiny Committee reported that the Committee had held a workshop with the Chief Finance Officer and Executive Director.


Councillor Cowper took the opportunity to extend his gratitude to the Chief Finance Officer and her Team, and to the Chief Executive and Heads of Service, for the intensive effort by all to rigorously review all service budgets to facilitate a balanced budget for the forthcoming year.


Proposed by Councillor Cowper and seconded by Councillor Millard, it was


RESOLVED that the Council


a)            approves the proposed Revenue and Capital Budgets for 2018/19, including a council Tax rate of £131.11 at Band D, representing a 0% increase on the current charge;


b)            agrees the Treasury Management Strategy and Prudential Indicators; and


c)            Notes the Cabinet decision of 8 February 2018 to apply during 18/19 a minimum increase of 1.5% to those fees and charges that are not otherwise constrained by statute, to be determined by the Chief Finance Officer in consultation with the Leader and Finance Portfolio Holder.


(The detailed Council Tax calculation is set out in the Annex to these minutes)


In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014 the voting on this item was recorded as follows:


For the Motion:

Councillor Ashcroft

Councillor Ayer

Councillor Bentley

Councillor Brandt

Councillor Brooks Jackson

Councillor Budden

Councillor Butler

Councillor Carew

Councillor Carter

Councillor Costigan

Councillor Cowper

Councillor D Evans

Councillor L Evans

Councillor A Glass

Councillor G Hill

Councillor M Johnson

Councillor A Joy

Councillor M Kendall

Councillor C Louisson

Councillor R Millard

Councillor R Mocatta

Councillor K Moon

Councillor B Mouland

Councillor T Muldoon

Councillor N Noble

Councillor D Phillips

Councillor L Pienaar

Councillor S Pond

Councillor R Saunders

Councillor S Schillemore

Councillor G Shepherd

Councillor M Smith

Councillor R Standish

Councillor I Thomas

Councillor E Tickell

Councillor G Watts

Councillor N Wren


Against the Motion:







Councillor Abdey

Councillor Drew

Councillor D Orme

Councillor Y Parker Smith

Councillor A Waterhouse

Councillor A Williams

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