Agenda item

RESOLVED:

That:

1

The Single Corporate Vision & Strategic Priorities for 2012/13 (Appendix A) be approved, and;

2

the proposed revisions to Service Revenue Budgets (Appendix C) be approved, and;

3

the sum of £26,262 be applied from Collection Fund surpluses in reducing the Council Tax demand in 2012/13 (Appendix E) be approved, and;

4

it be noted that on 23^rd November 2011, the Council calculated the Council Tax Base 2012/13 for the whole Council area as 23,378 [Item T in the formula in Section 31B(3) of the Local Government Finance Act 1992, as amended (the "Act")], and;

5

the calculation for Council Tax requirement for the Council’s own purposes for 2012/13 is £3,496,180 (Appendix E), and;

6

the following amounts as calculated for the year 2012/13 in accordance with Sections 31 to 36 of the Act be approved, and;

a.      £48,551,140 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.      £45,054,960 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.      £3,496,180 being the amount by which the aggregate at 6(a) above exceeds the aggregate at 6(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.      £149.55 being the amount at 6(c) above (Item R), all divided by Item T (2 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;

7

a freeze in the Council Tax level for Tamworth Borough Council for 2012/13 at £149.55 (the same level as in 2011/12) at Band D with compensatory funding from the Government for 2012/13 only be approved, and;

8

an aggregate Council Tax (comprising the respective demands of Tamworth Borough Council, Staffordshire County Council, Staffordshire Police Authority and Stoke-on-Trent and Staffordshire Fire and Rescue Authority) of £1,423.61 at Band D for 2012/13 be noted (Appendix H), be approved, and;

9

the Council Tax levels at each band for 2012/13 (Appendix H) be approved, and;

10

the sum of £770,420 be transferred from General Fund Revenue Balances in 2012/13 (Appendix E), and;

11

the Summary General Fund Revenue Budget for 2012/13 (Appendix E) be approved, and;

12

the Provisional Budgets for 2013/14 to 2015/16, summarised at Appendix G, as the basis for future planning be approved, and;

13

the minimum level for balances of £500k to be held for each of the General Fund, Housing Revenue Account, General Capital Fund & Housing Capital Fund be approved, and;

14

Cabinet be authorised to release funding from the General Contingency budget and that the release of funding for Specific Contingency items be delegated to the Corporate Management Team in consultation with the Leader of the Council, and;

15

the proposed HRA Expenditure level of £14,130,530 for 2012/13 (Appendix D) be approved, and;

16

rents for Council House Tenants in 2012/13 be increased by an average of £5.17 per week (7.1%), in line with the Governments Rent Restructuring rules, and;

17

the HRA deficit of £1,119,710 be financed through a transfer from Housing Revenue Account Balances in 2012/13 (Appendix D), and;

18

the proposed 4 year General Fund Capital Programme as detailed in Appendix I to the report be approved, and;

19

the proposed 4 year Housing Capital Programme as detailed in Appendix J to the report be approved, and;

20

Authority be delegated to Cabinet to approve/add new capital schemes to the capital programme where grant funding is received or there is no net additional cost to the Council, and;

21

the Treasury Management Strategy Statement, the Treasury Management Policy Statement, Minimum Revenue Provision Strategy and Annual Investment Statement 2012/13 (as detailed at Appendix N) be approved, and;

22

the Prudential and Treasury Indicators and Limits for 2012/13 to 2014/15 contained within Appendix N be approved, and;

23

the adoption of the Treasury Management Practices contained within ANNEX 7 be approved, and;

24

the detailed criteria of the Investment Strategy 2012/13 contained in the Treasury Management Strategy within ANNEX 3 be approved.

(Moved by Councillor D Cook and seconded by Councillor R Pritchard)