Decision Maker: Mid Suffolk Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
It was RESOLVED:-
(1) That the draft Joint Medium Term Financial Strategy (MTFS) and Budget proposals set out in the report be endorsed, subject to further consideration at the February meeting for recommendation to Council.
(2) That the final General Fund Budget for 2018/19 is based on a council tax increase of 0.5%, an increase of 81p per annum for a Band D property to support the Council’s overall financial position, which will be considered further at the February Cabinet meeting.
(3) That the draft Housing Revenue Account (HRA) Investment Strategy 2018/19 to 2022/23 and draft HRA Budget for 2018/19 be agreed, subject to further consideration at the February Cabinet meeting.
(4) That the mandatory decrease of 1% in Council House rents, equivalent to an average rent reduction of £0.83 a week, as required by the Welfare Reform and Work Act be implemented.
(5) Sheltered Housing Supported people cost of £3 per week to be removed. Service charges to be increased by £5 per week for each scheme (set at £4 cap per week last year) meaning a net increase of £2 per week to tenants. This will reduce the subsidy by £30k.
(6) Sheltered Housing utility charges are kept at the same level.
(7) That in principle, Right to Buy receipts should be retained to enable continued development and acquisition of new council dwellings.
(8) That garage rents are kept at the same level.
(9) That the revised HRA Business Plan in Appendix D be noted.
(10) That the proposed Capital Programme in Appendix C be agreed, subject to further consideration at the February meeting for recommendation to Council.
Note: The Medium Term Financial Strategy (MTFS) and Budget will be subject to final determination by Cabinet and Council in February 2018.
Reason for Decisions: To ensure that Members were aware of the progress being made to set the 2018/19 budgets.
Alternative Options Considered and Rejected: That the progress being made was not reported.
Any Declarations of Interest declared: None
Any Dispensation Granted: None
Publication date: 08/01/2018
Date of decision: 08/01/2018
Decided at meeting: 08/01/2018 - Mid Suffolk Cabinet
Effective from: 17/01/2018
Accompanying Documents: