(Members are requested to bring the Mayor’s Proposals for the Revenue Budget 2012/13 prepared by the Chief Finance Officer for Six Week Public Consultation circulated on 8 December 2011 with them to the meeting).

(i)         To consider the submitted report (to follow) on the Local Government Finance Settlement on the Revenue Budget for 2012/13.

(i)         To consider the above reports (to follow) and the recommendations of the Mayor on the Revenue Budget Proposals for 2012/13.

(Note:  This item will be deferred for consideration at an adjourned meeting of the Council to be held on Wednesday, 8 February 2012.)

Further to the meeting of the Council held on 1 February 2012, Members considered the recommendations of the Mayor in relation to the Revenue Budget for 2012/13.  Representations were circulated at the meeting from SPOT (Speaking Out in Torbay), Torbay Sports Council and Julie Brandon and Susie Colley.

It was proposed by the Mayor and seconded by Councillor Tyerman:

(i)        that it be recommended to Council:

(a)        that the budget for 2012/13 set out in paragraph A2 to the submitted report and the associated fees and charges, be approved;

(b)       that the final notified Dedicated Schools Grant be used in accordance with the nationally laid down Schools Financial Regulations and that the Chief Finance Officer be authorised to make amendments as required when the final figures are confirmed;

(c)        that the Members’ Allowances Scheme will be implemented in 2012/2013 in accordance with the decision of the Council at its meeting on 1 February 2012;

(d)       that the Chief Finance Officer in consultation with the Mayor and Executive Lead Member for Finance be authorised to approve expenditure from reserves and provisions in accordance with the terms of the respective reserve or provision;

(e)       that in accordance with the requirement of the Local Government Act 2003, the advice given by the Chief Finance Officer with respect to the robustness of the budget estimates and the adequacy of the Council’s reserves be noted;

(f)        that the Chief Finance Officer, in consultation with the Mayor and Executive Lead Member for Finance, be authorised to prepare a report on the financial issues in respect of 2013/14 and later years and issue any appropriate spending targets that may arise as a consequence;

(g)       that the Chief Finance Officer in consultation with the Mayor and Executive Lead Member for Finance be authorised to make adjustments to and introduce new fees and charges within the budget during 2012/13 if it is in the best interest of the Council;

(h)       that the Chief Finance Officer, in consultation with the Mayor, Executive Lead Member for Finance and appropriate officers, be authorised to determine the allocation and expenditure of any new grant monies or unallocated grants that may be received during the year;

(i)         that the Chief Finance Officer be authorised to make adjustments to the budgets for any technical changes;

(j)         that the Review of Reserves report and the transfer of the surplus on a number of individual reserves to a Building Dilapidation and Contingent Liability reserve be approved;

(k)        that the Chief Finance Officer prepare the appropriate documentation for the Council to permit the Council Tax setting at the meeting on 1 March 2012 and all other returns to be made by the appropriate date; and

(l)         that the impact assessments as shown in annex 4 of the submitted report be noted; and

(ii)        that the risks in preparing this budget package be accepted. These risks have been identified in detail in this report and associated budget proposals prepared by officers for their respective Business Units.

In accordance with  ...  view the full minutes text for item 536

The Chairman advised that it accordance with Standing Order F2.13 in relation to the Budget and Policy Framework this item was referred to an adjourned meeting of Council to be held on 8 February 2012 to enable full consideration to be given to the implications of the proposals set out in the reports circulated at the meeting. 

A copy of the record of decision setting out the recommendations of the Mayor in respect of the Revenue Budget is attached to these Minutes.