Decision details
2014/15 Revenue Budget, Capital Programme and Medium Term Financial Plan
PDF 36 KBDecision Maker: Council Meeting
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To consider and approve:
- the Revenue Budget for 2013/14;
- amendments to the Council’s schedule of Fees and
Charges;
- the Capital Programme for 2013/14 onwards based on the level of
resources estimated to be available;
- the Council’s financial plans and forecasts for the medium
term.
Decision:
The Council Meeting has:-
(1) Approved the Budget for 2014/15 as described in the report and set out in Appendix Three.
(2) Noted the financial forecasts for 2015/16 to 2016/17 (Appendix Four), and the key issues to be addressed in formulating a response to the continuing financial challenges facing the Council.
(3) Approved the appropriate Council Tax resolutions which produce a Council Tax Freeze for Stockport Council services as illustrated at Appendix Ten.
(4) Approved the new capital scheme for the Highways Investment Programme, including the additional prudential borrowing of £22.619m over the three year capital programme and a borrowing requirement of £75.125m over the full eight-year programme, as set out at Appendix Seven, together with the means of contributing to the capital financing charges.
(5) Approved the transfer of the £2m recurrent unsupported borrowing for Invest to Save Footways from Communities and Sustainability Portfolio to Economic Development and Regeneration Portfolio as part of the Highways Investment Programme.
(6) Approved the additional prudential borrowing of £3.6m in 2014/15 required for the Leisure Strategy to support the new leisure facility at Brinnington.
(7) Approved the 2014/15 to 2016/17 capital programme and the funding arrangements set out at Appendix Eight.
(8) Approved the prudential indicators set out in Appendix Nine.
(9) Approved the work being carried out on the development of capital projects to enable the Executive to be able to review revise and extend its capital programme during 2014/15.
(10) Noted the risk assessment of the budget at Appendix Five and the report of the Corporate Director, Corporate and Support Services on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix Six.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
Councillor Dean Fitzpatrick declared a personal interest as a member of the Friends of Crescent Park.
Councillor Wendy Wild declared a personal interest as a volunteer at Chelwood Foodbank.
Councillor Wendy Orrell declared a personal interest as a Trustee of Stockport Car Scheme.
Councillor June Somekh declared a personal interest as a Trustee of Chelwood Foodbank.
Councillor Alanna Vine declared a personal interest as a Trustee of Chelwood Foodbank.
Councillor Mike Wilson declared a personal interest as a member of St Marks Church, Bredbury and a founder member of the St Mark’s Foodbank.
Reason Key: Policy Framework & Budget;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: Report will be covered by the equalities impact assessment for the Medium Term Financial Strategy and the Capital Strategy
Decision Reference: CM151
Forward Plan Reference: LDR30
Other reasons / organisations consulted
Consultation with Scrutiny Committees,
Corporate Leadership Team, Senior Officers, partners and other
stakeholders based on previous reports.
Contact: Andy Moran, Corporate and Support Services Email: andrew.moran@stockport.gov.uk Tel: 0161 474 4086 Steve Houston, Corporate Director for Corporate and Support Services Email: steve.houston@stockport.gov.uk Tel: 0161-474-4000.
Report author: Andy Moran
Publication date: 28/02/2014
Date of decision: 27/02/2014
Decided at meeting: 27/02/2014 - Council Meeting
Accompanying Documents: