Agenda item

Report of the Cabinet (CC9) and Supplementary Report by the Assistant Chief Executive and Chief Finance Officer (CC9 Supplementary).  The recommendations set out below (and in the report) are made subject to the Commentary on the Budget Proposals by the Assistant Chief Executive and Chief Finance Officer, as the Council’s Section 151 Officer, to be circulated separately.

The Liberal Democrat and Green Groups propose to submit amendments to the budget proposals (CC9 Liberal Democrat) and (CC9 Green) respectively and these will be circulated separately.

Council considered the Report of the Cabinet (CC9), the Supplementary Report by the Assistant Chief Executive and Chief Finance Officer (CC9 Supplementary) and the Commentary on the Cabinet’s Budget Proposals by the Assistant Chief Executive and Chief Finance Officer as the Council’s Section 151 Officer (CC9 Commentary).  The Council also had before it budget proposals in the form of:-  Amendments by the Liberal Democrat Group to the Cabinet’s Revenue Budget (CC9 Liberal Democrat Group Amendments), Amendments by the Green Group to the Cabinet’s Revenue Budget (CC9 Green Group Amendments) and Commentary by the Assistant Chief Executive and Chief Finance Officer as the Council’s Section 151 Officer (CC9 Commentary on Amendments). 

Councillor Mitchell moved and Councillor Robertson seconded the Cabinet’s recommendations on Service and Resource Planning 2010/11 to 2014/15 (CC9) as amended by the correction in Annex 5, Table 2, South Oxfordshire – Assumed Precept Due where “£64,070,678” should read “£64,070,978”.  

Councillor Patrick moved and Councillor Fooks seconded an amendment to the Cabinet’s budget as set out in CC9 Liberal Democrat Group Amendments.

After debate, the amendment was lost by 47 votes to 9.

Councillor L Sanders moved and Councillor Sherwood seconded an amendment to the Cabinet’s budget as set out in CC9 Green Group Amendments.

After debate, the amendment was lost by 48 votes to 3.

The substantive motion was then put to the vote and carried by 44 votes to 17.

RESOLVED: 

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

(1)               a budget for 2010/11 as set out in Annex 4 and a medium term plan to 2014/15 as set out in Annex 1;

(2)               a budget requirement for 2010/11 of £389.870m;

(3)               the Council Tax and Precept calculations for 2010/11 set out in Annex 5 to the report as amended by the correction in Table 2 of South Oxfordshire – Assumed Precept Due where “£64,070,678” should read “£64,070,978” and in particular:

(i)                   a precept of £281.192m; and

(ii)                 a Council Tax for Band D equivalent properties of £1,161.71;

(4)               the use of the LABGI reserve funding as set out in Annex 2b;

(5)               the disposition of Dedicated Schools Grant as set out in Annex 6 to the report;

(6)               virement arrangements for 2010/11 as set out in Annex 7 to the report;

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

(1)               the Treasury Management Strategy Statement as at Annex 8 including the Prudential Indicators;

(2)               that in relation to the 2010/11 strategy any further changes required be delegated to the Chief Finance Officer following consultation with the Leader and Cabinet Member for Finance and leaders of the Opposition and Labour group;

(c)         to approve the Minimum Revenue Provision Methodology Statement as set out in paragraphs 10 to 14 of Annex 9;

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

(1)               the Capital Strategy at Annex 10 and Corporate Asset Management Plan at Annex 11;

(2)               the Capital Programme for 2009/10 to 2014/15 as set out in the capital programme at Annex 12;

(3)               the prudential indicators for capital set out in Annex 13 to the report.