Issue - meetings

To receive the report of the head of finance.

Appendix E to follow.

Matthew Barber, Cabinet member for finance; William Jacobs, head of finance and Section 151 officer, and Simon Hewings, chief accountant were present to introduce the item and to answer questions from the committee.

The committee considered the head of finance’s report on the revenue budget 2016/17 and the capital programme to 2020/21.  The report brought together the relevant information upon which Cabinet had recommended a budget and capital programme to Council on 17 February 2016.  Supplementary paper appendix E setting out the prudential indicators for Cabinet’s recommendation to Council, had been circulated in advance of the meeting.  All councillors had been invited to a budget briefing earlier in the month. 

The committee asked questions of clarification. A summary of the key issues raised during the question and answer session is below:

·         Under the new leisure contract with GLL “Better”, the Council receives a fee from the contractor, but pays for capital works;

·         Costs between Vale and its partner council, South Oxfordshire District are split according to use of particular contractors/services;

·         An increase of 0.5 FTE for the air quality officer would enable proactive responses to action plans;

·         Additional financial resource to support housing strategies would provide an additional resource to support neighbourhood plans;

·         The housing strategy is not aimed specifically at housing an additional number of families but at providing a strategy for the proper mix of housing, managing the waiting list and prioritising the right people;

·         Although the Housing Benefit bad debt budget looks high in numerical terms, it is a very small proportion of the overall budget;

·         The collection rate for council tax is ultimately over 99.9 percent;

·         The revenue growth bid for the business innovation stra6teggy would support growing small business and help to identify what the council could do to provide practical support.

There followed a lengthy discussion around the renovation of the Charter car park in Abingdon. This included, inter alia, the feasibility of expanding car parks in Abingdon, Wantage, Faringdon, Grove and Botley; and also the council’s commitment to public transport and bicycles.

RESOLVED

To agree that cabinet recommend to council that it:

a.    Sets the revenue budget for 2016/17 as set out in appendix A.1 to the report in this agenda pack;

b.    Approves the capital programme for 2016/17 to 2020/21 as set out in appendix D.1 , together with the capital growth bids set out in appendix D.2 of the report in this agenda pack;

c.    Sets the council’s prudential limits as listed in appendix E, which was supplementary to this agenda;

d.    Approves the medium term financial plan to 2020/21 as set out in appendix F.1 to the report in this agenda pack.

To consider the head of finance’s report. 

Cabinet considered the head of finance’s report on the revenue budget 2016/17 and the capital programme to 2020/21.  The report brought together the relevant information for Cabinet to recommend a budget and capital programme to Council on 17 February 2016.  Tabled at the meeting was appendix E setting out the prudential indicators for recommendation to Council.  A budget briefing had taken place earlier in the week, to which all councillors had been invited. 

The leader recommended Cabinet to forward the budget on to the Council for approval.  Cabinet agreed, and thanked the officers for their work in preparing the draft budget. 

RESOLVED: to agree that the leader of the council may make minor adjustments to the budget report and the prudential indicators, in conjunction with the head of finance, should they prove necessary following the publication of the final Local Government settlement and prior to the budget’s submission to Council on 17 February 2016.

RECOMMENDED to Council to:

(a)       set the revenue budget for 2016/17 as set out in appendix A.1 to the head of finance’s report to Cabinet on 5 February 2016;

(b)       approve the capital programme for 2016/17 to 2020/21 as set out in appendix D.1, together with the capital growth bids set out in appendix D.2 of the head of finance’s report;

(c)       set the council’s prudential limits as listed in appendix E to the head of finance’s report;

(d)       approve the medium term financial plan to 2020/21 as set out in appendix F.1 to the head of finance’s report;

(e)       authorise the head of finance, in consultation with the leader of the council, to issue an efficiency statement to government in order to secure a four year settlement, if this is considered to be beneficial to the council.