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Corporate Vision, Priorities Plan, Budget & Medium Term Financial Strategy 2020/21

Meeting: 25/02/2020 - Council (Item 33)

33 Corporate Vision, Priorities Plan, Budget & Medium Term Financial Strategy 2020/21 pdf icon PDF 1 MB

(Report of the Leader of the Council)

Additional documents:

Minutes:

The Leader of the Council proposed the Vision Statement, Priority Themes, Corporate Priorities and Plans and their inclusion in the Corporate Plan

 

The recommended package of budget proposals to enable the Council to agree the;

 

General Fund (GF) Revenue Budget and Council Tax for 2020/21;

 

Housing Revenue Account (HRA) Budget for 2020/21;

 

5 Year General Fund Capital Programme (2020/25);

 

5 Year HRA Capital Programme (2020/25);

 

3 Year General Fund Medium Term Financial Strategy (MTFS) (2020/23); and

 

5 Year HRA Medium Term Financial Strategy (MTFS) (2020/25).

 

 

To comply with the requirement of the Council’s Treasury Management Policy in reporting to Council the proposed strategy for the forthcoming year and the Local Government Act 2003 with the reporting of the Prudential Indicators and the requirement to prepare an annual Corporate Capital Strategy

 

 

RESOLVED

That Council Approved;

 

1

 

The Vision Statement, Priority Themes, Corporate Priorities and Outcomes for 2020/21:

 

2

The proposed revisions to Service Revenue Budgets (Policy Changes):

 

3

The sum of £77,339 be applied from Council Tax Collection Fund surpluses in reducing the Council Tax demand in 2020/21:

 

4

The sum of £322,619 be applied from Business Rates Collection Fund surpluses in 2020/21:

 

5

That on 28th November 2019, the Cabinet calculated the Council Tax Base 2020/21 for the whole Council area as 22,367 [Item T in the formula in Section

31B(3) of the Local Government Finance Act 1992, as amended (the "Act")];

 

6

That the Council Tax requirement for the Council’s own purposes for 2020/21 is £4,068,334:

 

7

The following amounts as calculated for the year 2020/21 in accordance with Sections 31 to 36 of the Act:

 

a. £49,783,001 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2) of the Act (Outgoings excluding internal GF Recharges);

 

b. £45,714,667 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act (Income excluding internal GF Recharges);

 

c. £4,068,334 being the amount by which the aggregate at 7(a) above exceeds the aggregate at 7(b) above, calculated by the Council in

accordance with Section 31A(4) of the Act as its Council Tax requirement for the year (Item R in the formula in Section 31A(4) of the Act);

 

d. £181.89 being the amount at 7(c) above (Item R), all divided by Item T (at 5 above), calculated by the Council, in accordance with Section 31B(1)

of the Act, as the basic amount of its Council Tax for the year;

 

8

The Council Tax level for the Borough Council for 2020/21 of £181.89 (an increase of £5 (2.83%) on the 2019/20 level of £176.89) at Band D;

 

9

An aggregate Council Tax (comprising the respective demands of the Borough Council, Staffordshire County Council, Office of the Police and Crime Commissioner Staffordshire and Stoke-on-Trent and Staffordshire Fire and Rescue Authority) of £1,780.17 at Band D for 2020/21 be noted (£1,715.41 in 2019/20);

 

10

The Council Tax levels at each band for 2020/21;

 

11

The  ...  view the full minutes text for item 33


Meeting: 20/02/2020 - Cabinet (Item 76)

76 Corporate Vision, Priorities Plan, Budget & Medium Term Financial Strategy 2020/21 pdf icon PDF 1 MB

(Report of the Leader of the Council)

Additional documents:

Minutes:

The Leader of the Council proposed the Vision Statement, Priority Themes, Corporate Priorities and Plans and their inclusion in the Corporate Plan

 

The recommended package of budget proposals to enable the Council to agree the;

 

General Fund (GF) Revenue Budget and Council Tax for 2020/21;

 

Housing Revenue Account (HRA) Budget for 2020/21;

 

5 Year General Fund Capital Programme (2020/25);

 

5 Year HRA Capital Programme (2020/25);

 

3 Year General Fund Medium Term Financial Strategy (MTFS) (2020/23); and

 

5 Year HRA Medium Term Financial Strategy (MTFS) (2020/25).

 

 

To comply with the requirement of the Council’s Treasury Management Policy in reporting to Council the proposed strategy for the forthcoming year and the Local Government Act 2003 with the reporting of the Prudential Indicators and the requirement to prepare an annual Corporate Capital Strategy

 

 

RESOLVED

That Cabinet endorsed the following recommendations to proceed to Council;

 

1

 

The Vision Statement, Priority Themes, Corporate Priorities and Outcomes for 2020/21

 

2

The proposed revisions to Service Revenue Budgets (Policy Changes)

 

3

The sum of £77,339 be applied from Council Tax Collection Fund surpluses in reducing the Council Tax demand in 2020/21

 

4

The sum of £322,619 be applied from Business Rates Collection Fund surpluses in 2020/21

 

5

That on 28th November 2019, the Cabinet calculated the Council Tax Base 2020/21 for the whole Council area as 22,367 [Item T in the formula in Section

31B(3) of the Local Government Finance Act 1992, as amended (the "Act")];

 

6

That the Council Tax requirement for the Council’s own purposes for 2020/21 is £4,068,334

 

7

The following amounts as calculated for the year 2020/21 in accordance with Sections 31 to 36 of the Act:

 

a. £49,783,001 being the aggregate of the amounts which the Council

estimates for the items set out in Section 31A(2) of the Act (Outgoings excluding internal GF Recharges);

 

b. £45,714,667 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act (Income excluding internal GF Recharges);

 

c. £4,068,334 being the amount by which the aggregate at 7(a) above exceeds the aggregate at 7(b) above, calculated by the Council in

accordance with Section 31A(4) of the Act as its Council Tax requirement for the year (Item R in the formula in Section 31A(4) of the Act);

 

d. £181.89 being the amount at 7(c) above (Item R), all divided by Item T (at 5 above), calculated by the Council, in accordance with Section 31B(1)

of the Act, as the basic amount of its Council Tax for the year;

 

8

The Council Tax level for the Borough Council for 2020/21 of £181.89 (an increase of £5 (2.83%) on the 2019/20 level of £176.89) at Band D;

 

9

An aggregate Council Tax (comprising the respective demands of the Borough Council, Staffordshire County Council, Office of the Police and Crime Commissioner Staffordshire and Stoke-on-Trent and Staffordshire Fire and Rescue Authority) of £1,780.17 at Band D for 2020/21 be noted (£1,715.41 in 2019/20)

 

10

The Council Tax levels  ...  view the full minutes text for item 76