Issue - meetings

To consider any recommendations from the special meeting of the Cabinet held on 22nd February 2012 on the following items (the full Cabinet reports on the last two items are enclosed for information at the back of the Council agenda book)

• Free Parking for Blue Badge Holders - Motion
• CCTV – Motion

• Medium Term Financial Plan 2012/13 – 2013/14 (The Budget)
• Treasury Management Strategy Statement and Investment Strategy 2012/13 – 2014/15

(i)         MEDIUM TERM FINANCIAL PLAN 2012/13 – 2014/15

The recommendations from the Cabinet were moved by Councillor R. Hollingworth and seconded by Councillor Mrs. M. A. Sherrey.  Thanks were extended to officers for their hard work in connection with the Medium Term Financial Plan and to the Budget Jury and other stakeholders for their contributions to the budget process.

On a requisition under Council Procedure Rule 17.5, the following details of voting on the recommendations were recorded:

For the recommendations: Councillors Mrs. S. J. Baxter, Dr. D. W. P. Booth, Mrs. J. M. Boswell, J. R. Boulter, J. S. Brogan, M. A. Bullivant,  R. A. Clarke, S. R. Colella, Mrs. R. L. Dent, K. A. Grant-Pierce, Miss P. A. Harrison, R. Hollingworth, Mrs. H. J. Jones, R. J. Laight, P. Lammas, B. Lewis, J. A. Ruck, C. R. Scurrell, Mrs. M. A. Sherrey, Mrs. C. J. Spencer, C. B. Taylor, C. J. Tidmarsh, L. J. Turner, M. J. A. Webb  and P. J. Whittaker (25);

Against the recommendations: Councillors C. J. Bloore, Ms. M. T. Buxton, L. C. R. Mallett, Mrs. C. M. McDonald, P. M. McDonald, E. J. Murray, Mrs. E. M. Shannon, S. P. Shannon  and C. J. K. Wilson (9);

Abstentions: 0

RESOLVED:

            (a)       that the revenue bids identified as high in Appendix A of the      report be included within the Medium Term Financial Plan as     follows:

                                                2012/13          £78,000

                                                2013/14          £43,000

                                                2014/15          £43,000

(b)       that the savings and additional income identified in Appendix B of the report be included within the Medium Term Financial Plan as follows:

                                    2012/13          £814,000

                                    2013/14          £1,549,000

                                    2014/15          £2,282,000

(c)        that the capital bids identified as high in Appendix C of the report be included within the Medium Term Financial Plan as follows:

                                    2012/13          £631,000

                                    2013/14          £3,526,000

                                    2014/15          £5,253,000

(d)       that the use of balances totalling £113,000 for 2012/13 be approved;

(e)       that the Pay Policy as set out in Appendix E of the report be approved.

(ii)        TREASURY MANAGEMENT STRATEGY STATEMENT AND INVESTMENT STRATEGY 2012/13 – 2014/15

The recommendations from the Cabinet were moved by Councillor R. Hollingworth and seconded by Councillor Mrs. M. A. Sherrey.

RESOLVED:

(a)       that the Treasury Management Strategy Statement and Investment Strategy 21012/13 - 2014/15 and Prudential Indicators set out in Appendix 1 of the report be approved;

(b)       that the Authorised Limit for borrowing at £7,500,000 if required be approved;

(c)       that the maximum level of investment to be held within each organisation (i.e. Bank or Building Society) be set as detailed in the report at £3,000,000 subject to market conditions;

(d)       that the unlimited level for investment in Debt Management Account Deposit Facility be approved; and

(e)       that the Treasury Management Policy as set out in Appendix 2 of the report be approved.