Decision details

To approve the draft budget for 2014-15 and MTFS for consultation

RESOLVED:  That

(1)               the draft budget for 2014/15 and the Medium Term Financial Strategy (MTFS), as set out in appendix 3 to the report,  be approved for general consultation including an anticipated 0% Council Tax increase;

(2)               the current remaining budget gaps of £19.481m in 2015/16 and £18.612m in 2016/17 be noted;

(3)               the draft Public Health Budget for 2014/15, as set out in Appendix 5 to the report, be approved;

(4)               the statutory changes to schools funding for 2014/15 be noted and the proposed arrangements for the 2014/15 school funding formula as set out in Appendix 6 to the report be approved;

(5)               the sum of £239,219 be approved as Harrow’s contribution to the London Grant Scheme in 2014/15;

(6)               a Capital Financing Risk Reserve be established to allow for delays in capital receipts in the current financial year.

Reason for Decision:  To ensure that the Council publishes a draft budget for 2014-15.

Alternative Options Considered and Rejected:  None.

Conflict of Interest relating to the matter declared by Cabinet Member / Dispensation Granted:  None.