Decisions for issue General Fund Revenue Budget & Council Tax 2011/12

(1)         That Cabinet recommends to Council, subject to 2.3 below, the 2011/12 General Fund Revenue Budget proposals including:

§         A 1% reduction in the Brighton & Hove element of the council tax.

§         The 2011/12 budget allocations to services as set out in appendix 1.

§         The council’s net General Fund budget requirement for 2011/12 of £231.0m.

§         The commitments and reinvestments as set out in paragraph 3.49 including a reduction in the cost of residents parking permits and funding for free swimming for the under 11’s.

§         The budget savings package as set out in appendix 10.

§         The value for money savings as set out in appendix 11.

§         The corporate budgets of £20.5m.

§         The contingency budget of £3.7m as set out in table 6.

§         The reserves allocations as set out in appendix 5 and paragraph 3.32.

§         The borrowing limit of £367m for the year commencing 1 April 2011.

§         The annual Minimum Revenue Provision statements as set out in appendix 8.

§         The prudential indicators as set out in appendix 9 to this report.

(2)         That Cabinet notes the Medium Term Financial Strategy budget and resource projections for 2011/12 to 2014/15 as set out in appendix 6.

(3)         That Cabinet notes that supplementary information needed to set the overall council tax will be provided for the budget setting Council as listed in paragraph 4.5.