Issue - meetings

To consider a report of Leader of the Council (Policy, Finance & Devolution).

The Leader of the Council (Policy, Finance & Devolution) (Councillor Alex Ganotis) submitted a report (copies of which had been circulated) detailing the Executive’s Revenue Budget Proposals for 2017/18 and Capital Programme Investment Plans and outlines the Council’s financial outlook and challenges across the medium term period 2017/18 to 2021/22.

MOVED AND SECONDED – That:-

(1) approval be given to the Budget for 2017/18 described in the report and set out in Appendix 2 and 3.

(2) the risk assessment of the Budget at Appendix 5 and the report of the

Borough Treasurer on the adequacy of proposed financial reserves and

robustness of the estimates included at Appendix 5 be noted.

(3) the financial forecasts for 2017/18 to 2021/22 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council be noted.

(4) approval be given to the 2017/18 to 2019/20 Capital Programme and the funding arrangements as described in the report and set out at Appendix 7.

(5) approval be given to the prudential indicators set out in Appendix 8.

(6) approval be given to the passing of the appropriate Council Tax resolutions which produce a Council Tax increase of 4.99% (inclusive of a 3% increase in relation to the Adult Social Care Precept) for Council services as illustrated in Appendix 9.

AMENDMENT MOVED AND SECONDED - That approval be given to the amendment of paragraphs 4.7 and 4.9 of the 2017/18 Executive Revenue Budget and Capital Programme Report put forward by the Liberal Democrat Group and as set out in its proposals and summarised in the document entitled ‘Proposal One and Two - Education and Publicity to Increase Recycling Rates and Improving Road Safety Around Schools’ circulated in advance of the meeting and which would result in consequential revisions to Appendices 2, 3 and 6 to the report.

For the amendment 57.

AMENDMENT CARRIED

The names of those councillors voting on this amendment were recorded as follows:-

Those councillors who voted for the amendment were:-

The Mayor (Councillor Chris Gordon) in the chair; Deputy Mayor (Councillor Lisa Walker); Councillors Geoff Abell, Malcolm Allan, Brian Bagnall, Sheila Bailey, Stuart Bodsworth, Laura Booth, Walter Brett, Anna Charles-Jones, Richard Coaton, Christine Corris, Stuart Corris, Dickie Davies, Tom Dowse, Roy Driver, Annette Finnie, Dean Fitzpatrick, Colin Foster, Alex Ganotis, Graham Greenhalgh, Tom Grundy, Yvonne Guariento, Paul Hadfield, Philip Harding, Daniel Hawthorne, Keith Holloway, Linda Holt, Sylvia Humphreys, Mark Hunter, Mike Hurleston, Susan Ingham, Oliver Johnstone, Mags Kirkham, Julian Lewis-Booth, Syd Lloyd, John McGahan, Tom McGee, Wendy Meikle, Chris Murphy, Adrian Nottingham, John Pantall, Paul Porgess, Iain Roberts, David Sedgwick, Lisa Smart, June Somekh, Andy Sorton, Charlie Stewart, John Taylor, Jon Twigge, Alanna Vine, Mark Weldon, Wendy Wild, David Wilson, Elise Wilson and John Wright.

The amendment was then put as the substantive motion and it was

RESOLVED – (57 for) That:-

(1) approval be given to the Budget for 2017/18 described in the amended report and set out in the amended Appendix 2 and 3.

(2) the risk assessment of the Budget at Appendix 5 and the report of the

Borough Treasurer on the adequacy of proposed financial reserves and

robustness of the estimates included at Appendix 5 be noted.

(3) the financial forecasts for 2017/18 to 2021/22 (amended Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council be noted.

(4) approval be given to the 2017/18 to 2019/20 Capital Programme and the funding arrangements as described in the report and set out at Appendix 7.

(5) approval be given to the prudential indicators set out in Appendix 8.

(6) approval be given to the passing of the appropriate Council Tax resolutions which produce a Council Tax increase of 4.99% (inclusive of a 3% increase in relation to the Adult Social Care Precept)  ...  view the full minutes text for item 3

To consider the a report of Leader of the Council (Policy, Finance & Devolution)

The purpose of the report is to finalise the Executive’s Revenue Budget Proposals for 2017/18 and Capital Programme Investment Plans. It also outlines the Council’s financial outlook and challenges across the medium term period 2017/18 to 2021/22. The report highlights the overarching priorities and desired outcomes upon which the Executive has based its budget proposals, and which form the basis of the updated Council Plan included on this agenda.

This report needs to be considered in conjunction with the Borough Treasurer’s report on the Council’s Medium Term Financial Plan (MTFP) for 2017/18 to 2021/22 following the Provisional Local Government Finance Settlement announced by Central Government.

This report also takes account of other reports included on this agenda as follows:

·           Update of the MTFP revenue budget forecasts for 2017/18 to 2021/22;

·           Update of the Council’s Capital Programme taking account of the quarter 3 2016/17 Capital Programme monitoring and the Executive’s medium term capital investment plans; and

·           Details of the Council’s 2017/18 Treasury Management Strategy, Annual Investment Strategy and Minimum Revenue Provision Policy.

The Executive is recommended to ask the Council Meeting to:

·                Agree the Budget for 2017/18 described in the report and set out in Appendix 2 and 3;

·                Note the risk assessment of the Budget at Appendix 5 and the report of the Borough Treasurer on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix 5;

·                Note and comment upon the financial forecasts for 2017/18 to 2021/22 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council;

·                Approve the 2017/18 to 2019/20 capital programme and the funding arrangements as described in the report and set out at Appendix 7; and

·                Approve the prudential indicators set out in Appendix 8.

·                Pass the appropriate Council Tax resolutions which produce a Council Tax increase of 4.99% (inclusive of a 3% increase in relation to the Adult Social Care Precept) for Council services as illustrated in Appendix 9.

Officer contact: Michael Cullen, 0161 474 4631, michael.cullen@stockport.gov.uk

The Leader of the Council (Policy, Finance & Devolution) submitted a report (copies of which had been circulated) outlining the Executive’s Revenue Budget Proposals for 2017/18 and Capital Programme Investment Plans, and the Council’s financial outlook and challenges across the medium term period 2017/18 to 2021/22.

The Leader of the Council emphasised that the proposed budget should be seen within the context of a two year programme of reform that would enable to the Council to respond to the financial challenges. The ambitious capital plan was also highlighted.

The Leader also stated that he recognised the challenge that increasing Council Tax by the amount proposed would have on residents, but emphasised that the Government’s funding decisions had been based on the assumption that Council’s would increase their Council Tax rates by these amounts.

RESOLVED – That in relation to the proposed 2017/18 Revenue Budget, Capital Programme and Medium Term Financial Plan, the Council Meeting be recommended to:-

·           agree the Budget for 2017/18 described in the report and set out in Appendix 2 and 3 of the report;

·           note the risk assessment of the Budget at Appendix 5 and the report of the Borough Treasurer on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix 5;

·           note and comment upon the financial forecasts for 2017/18 to 2021/22 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council;

·           approve the 2017/18 to 2019/20 capital programme and the funding arrangements as described in the report and set out at Appendix 7; and

·           approve the prudential indicators set out in Appendix 8.

·           pass the appropriate Council Tax resolutions which produce a Council Tax increase of 4.99% (inclusive of a 3% increase in relation to the Adult Social Care Precept) for Council services as illustrated in Appendix 9.