Issue - meetings

This report fulfils the statutory requirement to agree a budget for 2021/22,

comprising both revenue and capital expenditure plans, and to set a Council Tax for the year.

The council tax recommendation as supported by the Financial Policy Panel is

for an increase of £4.95 per annum (Band D property), an equivalent increase of 2.43%.

The Council gave consideration to its 2021/22 budget, comprising both revenue and capital expenditure plans and Council Tax amounts for each band of dwelling.  The report took account of the recommendations of the Community & Wellbeing, Environment & Safe Communities and Strategy & Resources Committees (appertaining to fees and charges, the revenue budget and capital programme).

In moving the recommendations of the Chief Finance Officer, the Chairman of the Strategy and Resources Committee, Councillor Eber Kington, made a statement to the Council on the budget for 2021/22 to which Councillors Kate Chinn and David Gulland responded.

A proposal to consider recommendations 1,5,6,9 and10 of the report separately was MOVED by Councillor David Gulland and SECONDED by Councillor Julie Morris. Upon being put, the proposal was LOST, there being a majority vote against.

Accordingly, the recommendations of the report were put to the Council for determination in a single vote. Upon being put the motion to agree the recommendations of the report was CARRIED, there being 32 members in favour and 6 against as detailed below.

Accordingly, it was resolved:

(1)          That it be noted that, under delegated powers, the Chief Finance Officer calculated the amount of the Council Tax Base as 33,149.63 (Band ‘D’ equivalent properties) for the year 2021/22 calculated in accordance with the Local Government Finance Act 1992, as amended (the “Act”).

(2)          That the following estimates recommended by the policy committees be approved:-

a.    The revised revenue estimates for the year 2020/21 and the revenue estimates for 2021/22.

b.    The capital programme for 2021/22 and the provisional programme for 2022 to 2024, as summarised in the capital strategy statement.

(3)          That the fees and charges recommended by the Policy Committees be approved for 2021/22.

(4)          That the Council Tax Requirement for the Council’s own purposes for 2021/22 is £6,903,742.

(5)          That the Council receives the budget risk assessment at Appendix 6 and notes the conclusion of the Chief Finance Officer that these budget proposals are robust and sustainable as concluded in this report.

(6)          That the Council receives the Chief Finance Officer Statement on the Reserves as attached at Appendix 8.

(7)          That the Council agrees the Prudential Indicators and Authorised Limits for 2021/22 as set out in Appendix 11 including:-

a.    Affordability Prudential Indicators.

b.    The actual and estimated Capital Financing Requirement.

c.    The estimated levels of borrowing and investment.

d.    The authorised and operational limits for external debt.

e.    The treasury management prudential indicators.

(8)          That the following amounts be now calculated for the year 2021/22 in accordance with sections 31 to 36 of the Act:

a.    £57,977,322 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(2) of the Act.

b.    £51,073,580 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(3) of the Act.

c.    £6,903,742 being the amount by which the aggregate at 8(a) above  exceeds the aggregate at 8(b) above, calculated by the Council, in accordance with  ...  view the full minutes text for item 23