Agenda item

Charter Trustees considered a report of the Treasurer that provided information to enable Charter Trustees to determine the appropriate budget requirement for the Charter Trust for 2017/18 and the basic level of council tax required for 2017/18 (for copy see file of minutes).

The Treasurer referred to the meeting on 8 January 2014 where Trustees agreed to the utilisation of reserves to maintain the Band D equivalent council tax at £1.90 in each financial year from 2014/15 to 2018/19.

It was reported that the council tax base for 2017/18 would increase slightly and the Local Council Tax Support Scheme Grant for 2017/18 had decreased by £1,289. In order to maintain the precept, a transfer of £11,962 from reserves would be required, with the total level of reserves estimated to reduce to £56,161 from 31 March 2018.

Trustees agreed to formally accept the council tax requirement of £47,534 and precept of £1.90 for 2017/18.

Resolved:

That the council tax requirement of £47,534 and a £1.90 precept for 2017/18 be agreed.