On 22nd February, the Council approved the:

• General Services Revenue budget and Council Tax for 2011/12;
• Housing Revenue Account budget for 2011/12;
• Four year Capital Programme;
• Four Year Medium Term Financial Strategy.

The headline figures for 2011/12 are:

• A General Services net revenue budget requirement of £8,716,280 a reduction of 15.8%;
• A transfer of £699,350 from General Fund (GF) balances;
• A transfer of £679,180 from Housing Revenue Account (HRA) balances;
• The Band D Council Tax was set at £149.55, the same level as in 2010/11;
• An average rent of £71.30 which represents an increase of £4.12 (6.1% on the current average rent of £67.18) in line with the Government’s Rent Restructuring rules (based on a 50 week rent year), equating to £68.52 on an annualised 52 week basis;
• A General Fund capital programme of £1.274m (£2.683m over 4 years);
• A Housing capital programme of £4.277m (£18.636m over 4 years).