Meeting documents

Return to Agenda

 

ITEM CC8 – LABOUR

 

COUNTY COUNCIL – 12 FEBRUARY 2008

 

SERVICE AND RESOURCE PLANNING

 

2008/09 TO 2012/13

 

Labour Group Budget

 

 

The Labour Group intends to propose a complete alternative budget to that proposed by the Cabinet.    The following annexes and attachments will be referred to – the numbering corresponds to that used in the Cabinet report.   Those annexes which set out the Labour Group’s proposals are attached to this note or (in the case of the detailed revenue budget 2007/08) will follow; annexes common to both Cabinet and Labour Group budgets (shown shaded in the list below) are not reproduced with this note - for these please refer to the Cabinet’s report (CC8). 

 

Annex 1:	Medium Term Financial Plan 2008/09 –2012/13 (download as .xls file)
Annex 2:	Funding Proposals (download as .xls file)
Annex 3:	Pressures, Priorities, Efficiencies, Savings and Reprioritisations (download as .xls file)
Annex 4:	Detailed Revenue Budget 2008/09      (download as .xls file)
Annex 5:	Council Tax and Precepts 2008/09 (download as .doc file)
Annex 6:	Proposed Virement Rules 2008/09 (download as .doc file)
Annex 7:	Proposed Capital Priorities 2008/09 – 2012/13
Annex 8:	Updated Capital Programme 2007/08 – 2012/13
Annex 9:	Proposed Capital Strategy 2008/09 – 2012/13
Annex 10:	Proposed Asset Management Plan 2008/09 – 2012/13
Annex 11:	Prudential Indicators (download as .docfile)
Annex 12:	Treasury Management Strategy
Annex 13:	Proposed Use of Dedicated Schools Grant 2008/09

 

 

It will be proposed on behalf of the Labour Group that the Council AGREES:

 

(a)               (in respect of Revenue) to approve:

 

(1)       a budget for 2008/09 as set out in (Labour) Annex 4 and Medium Term Financial Plan for 2008/09 to 2012/13 as set out in (Labour) Annex 1;

(2)       a budget requirement for 2008/09 of £366.302m;

(3)       the Council Tax and Precept calculations for 2008/09 set out in (Labour) Annex 5 and in particular:

(i)   a precept of £262.300m; and
(ii)  a Council Tax for Band D equivalent properties of £1,092.90;

(4)       virement arrangements for 2008/09 as set out in (Labour) Annex 6;

(5)       the disposition of Dedicated Schools Grant as set out in Annex 13 to the Cabinet report;

 

(b)       (in respect of Capital) to approve:

(1)       a Capital Programme for 2008/09 to 2012/13 as set out in Annex 8 to the Cabinet report;

(2)       the Capital Strategy at Annex 9 to the Cabinet report and Corporate Asset Management Plan at Annex 10 to the Cabinet report;

(3)       the prudential indicators set out in (Labour) Annex 11 in  respect of:

o                Estimates of Capital Expenditure;

o                Estimates of the Ratio of Financing Costs to the Net Revenue Stream;

o                Estimates of the Capital Financing Requirement;

o                Authorised Limit for External Debt;

o                Operational Limit for External Debt;

o                Estimates of the Incremental Impact of Capital Investment Decisions.

 

(a)               (in respect of treasury management) to approve:

(1)               the Prudential Indicators set out in Annex 12 to the Cabinet report;

(2)               the continued use of Lender Option/Borrower Option loans restricted to 20% of the debt portfolio;

(3)               the continued use of forward borrowing limited to £10m in 2008/09;

(4)               the increased credit limits shown on the proposed matrix in Annex 12 to the Cabinet report;

(5)               the continued use of the services of SWIP and Investec

(6)               the Treasury Management Strategy Statement.

 

 

BARBARA GATEHOUSE

Leader, Labour Group

 

February 2008

 

Return to TOP