Agenda item

In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014, a recorded vote is required for this item.

It was proposed, seconded and RESOLVED that Council Procedure Rule 17.4 regarding the content and length of speeches be suspended to allow the Leader of the Council and Leader of the Opposition unlimited time to speak on this item.

It was proposed, seconded and RESOLVED that:

(1)       The Chief Finance Officer’s statement on the robustness of the budget and the adequacy of reserves be noted.

(2)       The Medium Term Financial Strategy 2018-2023 and the Capital Strategy 2018-2023 be approved, including the following specific elements:

·         a council tax increase of 2.95% for 2018/19;

·         a housing rent decrease of 1% for 2018/19;

·         the Council being a member of the Lincolnshire Business Rates pilot for 100% business rates retention in 2018/19;

·         the general fund reserve forecast 2018/19-2022/23 as shown in Appendix 1 of the report and the main basis on which the budget had been calculated;

·         the general investment programme 2018/19-2022/23 as shown in Appendix 2 of the report and the main basis on which the programme had been calculated;

·         the housing revenue account forecast 2018/19-2022/23 as shown in Appendix 3 of the report and the main basis on which the budget had been calculated;

·         the housing investment programme 2018/19-2022/23 as shown in Appendix 4 and the main basis on which the programme had been calculated.

In accordance with Council Procedure Rule 19.7 a recorded vote was taken, the result of which was detailed below: