To consider a report of the Director of Finance, Assets and Resources providing the proposals for the General Fund and the Housing Revenue Account for the year 2018/19.
The Cabinet had before it a * report of the Director of Finance, Assets and Resources providing the proposals for the General Fund and the Housing Revenue Account for the year 2018/19.
The Cabinet Member for Finance outlined the contents of the report highlighting the process that had taken place to prepare the budget, the work of senior officers and the finance team and the consultation process with the Policy Development Groups and the Scrutiny Committee. He explained the continued decline in Government funding, the impact of the National Pay Award and the changes to the New Homes Bonus which would all impact on the budget. It was with regret that he had to report that the recommendation would be to increase Council Tax by 3% so that standard services could be maintained.
He stated that the Housing Revenue Account was very well run and rent collection was exceptional, although there were concerns regarding the impact of Universal Credit.
He felt that all Members had contributed to the formation of the budget and therefore put forward the recommendations below.
Consideration was given to:
· The benchmarking scheme that had taken place with Housemark
· Changes to the way in which the training budget was allocated
· The continuation of a budget for litter picking
(Proposed by Cllr P H D Hare-Scott and seconded by Cllr C R Slade)
Note: *Report previously circulated, copy attached to minutes.