Agenda and minutes

To receive any declarations of interest of a personal nature from Members in respect of the items on this agenda.

To consider suspending Standing Order No 13(5) in respect of the consideration of the Budget insofar as it relates to restrictions on Members speaking more than once.

(A)       Budget Proposals 2016/17

RECOMMENDED TO COUNCIL

(i)        that the budget proposals for all services in 2016/17, as detailed in Sections 4 and 5 of the report of the Director of Finance, Assets and Information Services now submitted, be approved;

(ii)       that the following specific items incorporated within Section 2i of the report (Medium Term Financial Forecast) including for 2016/17 be noted:-

(a)       Provision for an average 1.2% pay award in 2016/17;

(b)       Provision for inflation in relation to external providers;

(c)       An adjustment of £500,000 to reflect the provision required for the anticipated revenue costs of existing and new borrowing;

(d)       The savings previously agreed as part of the 2 year Plan (minute 148 of Council on 26^th February 2015).

(iii)      that the total additional funded 2016/17 capital investment of £3.348m (£9.099m is already approved) as outlined at Section 6 of the report be included within the capital programme and funding be released subject to further detailed reports on the proposals for its use;

(iv)      that the detailed proposals for increases in fees and charges as set out in Section 7 of the report be agreed;

(v)       that the position on Reserves, Provisions and Balances as set out in Section 9 of the report be noted and the proposal to use £5m of available resources to increase the Minimum Working Balance to £15m be agreed, and the remaining £10m be earmarked for future pressures/investments;

(vi)      that the report of the Director of Finance, Assets and Information Services, under Section 25 of the Local Government Act 2003, at Section 1 of the report be noted and the 2016/17 budget proposals be agreed on the basis that the Chief Executive, in liaison with the Director of Finance, Assets and Information Services and in consultation with the Senior Management Team (SMT), submits for early consideration a four year revenue and capital plan from the ongoing activity in order that the potential budget gaps in 2017/18 and the longer term be closed;

(vii)     that the Council be recommended to approve cash limited budgets for each service with overall net expenditure for 2016/17 of £168.282m (see Section 4);

(viii)    that the Budget Overview report (Section 2) and forecast budget positions for 2016/17 to 2020/21 contained in Section 2i of the report (Medium Term Financial Forecast) be noted and monitored as part of the arrangements for the delivery of the Future Council;

(ix)      that the Director of Finance, Assets and Information Services, in liaison with the Chief Executive and SMT as appropriate, be required to submit reports into Cabinet, as a matter of urgency, in relation to the detailed General Fund Revenue Budget for 2016/17, including recommendations on any action further to that set out above required to achieve an appropriately balanced budget for that financial year;

(x)       that the Chief Executive, Director of Finance, Assets and Information Services and SMT be responsible for managing within their respective budgets including ensuring the implementation of savings proposals;

(xi)      that the Authority's Senior Management  ...  view the full agenda text for item 170.

RECOMMENDED TO COUNCIL

(i)        that the main treasury management policies, as outlined in the Treasury Policy Statement (Annex A of the report now submitted), be noted;

(ii)       that the attached Treasury Management Strategy Statement for 2016/17 (Annex B of the report) be approved, including:-

a)    The revised Minimum Revenue Provision (MPR) Statement at Appendix E, and

b)    The Annual Investment Strategy for 2016/17.

RECOMMENDED TO COUNCIL

(i)        that approval be given to the Prudential Indicators, set out at Appendix B of the report now submitted, for the financial year 2016/17 to 2018/19; and

(ii)       that further monitoring reports be submitted on the indicators during the year as necessary.

RECOMMENDED TO COUNCIL

(i)        that for the purpose of the 2016/2017 budgetary procedures, payments in accordance with the Discretionary Compensation Regulations 2006 be up to a maximum of 30 weeks actual pay based on the Statutory Redundancy Scheme; and

(ii)       that any employee (excluding Teachers) declared redundant be afforded the maximum of 12 weeks notice of termination of employment.

The Council will consider a report of the Chief Executive seeking approval of the Sheffield City Region ‘SCR’ Devolution Agreement and detailing the proposed terms of the agreement and the implications thereof.