Issue - meetings

Resolved:           That Executive, having considered;

·     Expenditure pressures facing the council as set out in the report

·     Impacts of savings proposals set out in annex 2

·     Medium term financial factors facing the council as outlined in the report

·     Projected levels of reserves as set out in the report

·     Statutory advice from the Director of Customer and Business Support Services

It be

Recommended:    (i)    That Council approve the budget proposals as outlined in the report, and in particular;

·     The net revenue expenditure requirement of £117.900m

·     A council tax requirement of £77.072m

·     The revenue growth proposals as outlined in the body of the report

·     The 2016/17 revenue savings proposals as outlined in annex 2

·     The fees and charges proposals as outlined in annex 4

·     The Housing Revenue Account (HRA) budget set out in annex 5 and the HRA savings proposals set out in annex 6

·     The dedicated schools grant proposals outlined in paragraphs 114 to 122

(ii)     To note the effect of approving the income and expenditure proposals included in the recommendations would result in a 3% increase in the City of York element of the council tax, 2% of which would relate to the social care precept.

(iii)     To note receipt of an additional £781k transitional grant.

Reason: To ensure a legally balanced budget is set

[See also Part A minute]

Members considered a report which presented the financial strategy for 2016 to 2021, including detailed revenue budget proposals for 2016/17 for Council approval.

It was noted that the financial strategy delivered a balanced budget for 2016/17 with savings totalling £6.5m, equivalent to 5.5% of the net budget and a proposed Council Tax increase of 1%. In addition an increase of 2% in 2016/17, in line with the Government’s social care precept, which would e used to fund adult social care costs. The total council tax increase including the Parish, Police and Fire Authority precepts, would be agreed at the full Council meeting on 25 February 2016.

Details of the national context and the local issues and challenges were reported with the consultation feedback and the equalities impact of the 2016/17 budget proposals.

Resolved:           That Executive, having considered;

·     Expenditure pressures facing the council as set out in the report

·     Impacts of savings proposals set out in annex 2

·     Medium term financial factors facing the council as outlined in the report

·     Projected levels of reserves as set out in the report

·     Statutory advice from the Director of Customer and Business Support Services

It be

Recommended:    (i)    That Council approve the budget proposals as outlined in the Financial Strategy report, and in particular;

·     The net revenue expenditure requirement of £117.900m

·     A council tax requirement of £77.072m

·     The revenue growth proposals as outlined in the body of the report

·     The 2016/17 revenue savings proposals as outlined in annex 2

·     The fees and charges proposals as outlined in annex 4

·     The Housing Revenue Account (HRA) budget set out in annex 5 and the HRA savings proposals set out in annex 6

·     The dedicated schools grant proposals outlined in paragraphs 114 to 122

(ii)     To note the effect of approving the income and expenditure proposals included in the recommendations would result in a 3% increase in the City of York element of the council tax, 2% of which would relate to the social care precept.

(iii)     To note receipt of an additional £781k Local Government Finance Settlement. ^1.

Reason: To ensure a legally balanced budget is set