Issue - meetings

(Report of the Leader of the Council)

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

To approve the recommended package of budget proposals to enable the Council to agree the:

General Fund (GF) Revenue Budget and Council Tax for 2021/22;

Housing Revenue Account (HRA) Budget for 2021/22;

5 Year General Fund Capital Programme (2021/26);

5 Year HRA Capital Programme (2021/26);

3 Year General Fund Medium Term Financial Strategy (MTFS) (2021/24); and

5 Year HRA Medium Term Financial Strategy (MTFS) (2021/26).

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.

The Leader reported that the Council received Community Infrastructure Levy (CIL) income based on its policy for developments within the borough, 15% of the income is set aside in reserve to fund neighbourhood projects and the balance now stands at over £35,000, therefore The Leader proposed an additional recommendation as set out at recommendation 28 below.

The Leader also pointed out an error within recommendation 5, the correct year should be 2021/22 not 2020/21 which has been corrected below.

1.         the Vision Statement, Priority Themes, Corporate Priorities and Outcomes for 2021/22 (Appendix A);

2.         the proposed revisions to Service Revenue Budgets (Policy Changes) (Appendix C);

3.         the sum of £60,376 be applied from Council Tax Collection Fund surpluses in reducing the Council Tax demand in 2021/22 (Appendix E);

4.         the sum of £7,137,191 be applied to Business Rates Collection Fund deficits in 2021/22, in part offset by a transfer from the Business Rates reserve of £6,876,350 (Appendix E);

5.         that on 3^rd December 2020, the Cabinet calculated the Council Tax Base 2021/22 for the whole Council area as 22,366 [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 2021/22 is £4,179,982 (Appendix E);

7.         the following amounts as calculated for the year 2021/22 in accordance with Sections 31 to 36 of the Act:

a.    £54,121,642 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.    £49,941,660 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.    £4,179,982 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.    £186.89 being the amount at 7(c) above (Item R), all divided by Item T (at 5 above), calculated by the Council,  ...  view the full minutes text for item 47

(Report of the Leader of the Council)

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 2021/22;

Housing Revenue Account (HRA) Budget for 2021/22;

5 Year General Fund Capital Programme (2021/26);

5 Year HRA Capital Programme (2021/26);

3 Year General Fund Medium Term Financial Strategy (MTFS) (2021/24); and

5 Year HRA Medium Term Financial Strategy (MTFS) (2021/26).

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.

The Leader reported that the Council received Community Infrastructure Levy (CIL) income based on its policy for developments within the borough, 15% of the income is set aside in reserve to fund neighbourhood projects and the balance now stands at over £35,000. The Leader proposed an additional recommendation as set out at 28 below.

RESOLVED

That Cabinet endorsed the following recommendations to proceed to Council for approval:

1.          the Vision Statement, Priority Themes, Corporate Priorities and Outcomes for 2021/22 (Appendix A);

2.          the proposed revisions to Service Revenue Budgets (Policy Changes) (Appendix C);

3.          the sum of £60,376 be applied from Council Tax Collection Fund surpluses in reducing the Council Tax demand in 2021/22 (Appendix E);

4.          the sum of £7,137,191 be applied to Business Rates Collection Fund deficits in 2021/22, in part offset by a transfer from the Business Rates reserve of £6,876,350 (Appendix E);

5.          that on 3^rd December 2020, the Cabinet calculated the Council Tax Base 2020/21 for the whole Council area as 22,366 [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 2021/22 is £4,179,982 (Appendix E);

7.          the following amounts as calculated for the year 2021/22 in accordance with Sections 31 to 36 of the Act:

a.     £54,121,642 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.     £49,941,660 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.     £4,179,982 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.     £186.89 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  ...  view the full minutes text for item 93