Solihull Council

(i) Approved the amendments to the budget as detailed under paragraph 3.3.1 of the report and at Appendix A and the resulting budget of £226.752m;

(ii) Recommended the Budget of £226.752m as detailed at Appendix B of the report and the associated Band D Council Tax of £957.16 to full Council on 1st March 2005;

(ii) Approved the one off savings identified to balance the Children’s placements budget as identified below:

(iii) Approved the Treasury Management Investment Strategy as summarised at paragraph 3.5 and detailed at Appendix C of the report; and

(iv) Approved the Prudential Borrowing Indicators as detailed at Appendix D of the report, based on the recommended budget of £226.752m.    

 approved the capital service allocations as detailed at paragraph 4.3 of the report;

 considered the views of both the Asset Management Group and the Corporate Management Teams; and

 considered the project scores and approved allocation of £1,000K as proposed in the report.

 the approval in line with the Government's rent restructuring proposals,the average rent increase of £2.12 per week from 4 April 2005;

 a 12p per week increase in garage rents from 4 April 2005; and

 the Housing Revenue Account budget including the management fee as submitted in Appendix 'A'.

(i)            Considered and agreed the Council’s response to the Consultation on Regional Funding Allocations; and

(ii)           Approved the Council working with regional partners on the basis set out in the report

endorsed the progress being made on the Council's 8 SCIPs with the revenue funding allocated as part of the 2004/05 budget settlement; and

agreed to continue to receive monitoring reports

1 March 2005