Agenda item

This report provides a summary of the Cabinet’s revenue and capital budget proposals for 2019/20 which supports delivery of the Council Plan and contains a forward financial forecast for 2020/21, 2021/22 and 2022/23.

 

Recommendation from the Cabinet Member for Finance, Service Delivery and Improvement

Decision:

Recommend Council:

 

To note:

 

1.     The Chief Finance Officer’s (Head of Financial Services) statutory report regarding the robustness of the estimates and the adequacy of reserves detailed in section 12 of the report.

 

2.     That £394,700 of 2018/19 budget carry-forwards have been included in the 2019/20 budget for the Wordpress Website, Residents Survey, Local Plan, Smart City Initiatives and Leisure Park Development and this will reduce the 2018/19 budget accordingly.

 

3.     That the Head of Financial Services on the 3 January 2019 calculated the Council Tax base for the whole council area at 65,768.8 Band D equivalents and for dwellings in those parts of its area to which a parish precept relates as per Appendix 10 pf the report (available for final report to Council).

 

4.     The county, police and fire authority precepts detailed in Appendix 11 of the report (available for final report to Council).

 

5.     That as the billing authority, the Council has not been notified by any major precepting authority that its relevant basic amount of Council Tax for 2019/20 is excessive and the billing authority is therefore not required to hold a referendum, in accordance with section 52ZK of the Local Government Finance Act 1992.

 

6.     The risks and sensitivities within the financial forecasts highlighted in section 3 of Appendix 7 of the report.

 

7.     That the final government grant settlement figures may not be finalised before the budget is approved and therefore any adjustments to the final figures will be matched by contributions to the revenue reserves for capital purposes or from the Stability and Resilience Reserve.

 

To determine:

 

8.     That for the purposes of section 35 (2) (d) of the Local Government Finance Act 1992, any expenses incurred by the Borough Council in the financial year 2019/20 in performing functions in a part of the district which elsewhere in the district are performed by a Parish Council, shall not be special expenses of the Borough Council.

 

9.     That its relevant basic amount of Council Tax for 2019/20 (£121.42 at Band D) reflects a £5.00 (4.29%) increase which is not excessive in accordance with principles approved under Section 52ZB of the Local Government Finance Act 1992.

 

To approve:

 

10.  The net Council Tax requirement of £7.986 million for 2019/20 and the revenue estimates and contributions to and from reserves as summarised in Appendix 1 of the report and supported by the detailed supporting budget papers.

 

11.  The Medium Term Financial Forecast, as shown in Appendix 7 of the report.

 

12.  The financial policies set out in Annex A of Appendix 7 of the report including the re-naming of the Strategic Capital Reserve to the RRCP Housing Reserve – Manydown and extending the potential use of the Stability and Resilience Reserve to include mitigating the impact of economic pressures.

 

13.  The Capital Programme as set out in Appendix 9 of the report and supported by the detailed supporting budget papers.

 

14.  That the requirement for Council Tax for borough purposes for 2019/20 be £121.42 Band D equivalent as set out in Appendix 11 of the report (available for final report to Council).

 

15.  The fees and charges for 2019/20 as set out in Appendix 12 of the report.

 

16.  The 2019/20 budget for the Joint Manydown Committee as set out in Appendix 13 of the report.

 

17.  The Council Tax Resolution as set out in Appendix 11 of the report (available for final report to Council) which brings together the Borough’s Council Tax Requirement and that of the other major preceptors (Hampshire County Council, Hampshire Fire and Rescue and The Police and Crime Commissioner for Hampshire) and sets the Council Tax charges for 2019/20.

 

18.  Agree that the S151 Officer (Chief Finance Officer) be given delegated authority to implement any variation necessary to the overall level of 2019/20 Council Taxes in the event that any of the precepting authorities change their precept calculation from that expected and reported at the Council meeting.

Minutes:

The Cabinet Member for Finance, Service Delivery and Improvement introduced the report which provided details of revenue and capital budget proposals for 2019/20.  He stated that the proposals maintain the boroughs status as a low tax, high spend per head council and will continue to deliver the council’s priorities and support the council plan.  He added that a balanced budget had been achieved with a £5 increase in council tax.  He also added that over the period of the Medium Term Financial Strategy (MTFS) significant capital investment would be made to deliver housing, leisure opportunities, business opportunities as well as conserving property assets and delivering a funded digital transformation programme.  Furthermore he added that funding pressures would continue in future years and that the council would maintain pressure on its costs but would invest to improve services.  He concluded that following consultation there was strong support for the direction and purpose of the budget and thanked officers for delivering the budget and looking at ways to develop services.

 

Recommendation to Council:  That Council

 

note:

 

1.     The Chief Finance Officer’s (Head of Financial Services) statutory report regarding the robustness of the estimates and the adequacy of reserves detailed in section 12 of the report.

 

2.     That £394,700 of 2018/19 budget carry-forwards have been included in the 2019/20 budget for the Wordpress Website, Residents Survey, Local Plan, Smart City Initiatives and Leisure Park Development and this will reduce the 2018/19 budget accordingly.

 

3.     That the Head of Financial Services on the 3 January 2019 calculated the Council Tax base for the whole council area at 65,768.8 Band D equivalents and for dwellings in those parts of its area to which a parish precept relates as per Appendix 10 pf the report (available for final report to Council).

 

4.     The county, police and fire authority precepts detailed in Appendix 11 of the report (available for final report to Council).

 

5.     That as the billing authority, the Council has not been notified by any major precepting authority that its relevant basic amount of Council Tax for 2019/20 is excessive and the billing authority is therefore not required to hold a referendum, in accordance with section 52ZK of the Local Government Finance Act 1992.

 

6.     The risks and sensitivities within the financial forecasts highlighted in section 3 of Appendix 7 of the report.

 

7.     That the final government grant settlement figures may not be finalised before the budget is approved and therefore any adjustments to the final figures will be matched by contributions to the revenue reserves for capital purposes or from the Stability and Resilience Reserve.

 

determine:

 

8.     That for the purposes of section 35 (2) (d) of the Local Government Finance Act 1992, any expenses incurred by the Borough Council in the financial year 2019/20 in performing functions in a part of the district which elsewhere in the district are performed by a Parish Council, shall not be special expenses of the Borough Council.

 

9.     That its relevant basic amount of Council Tax for 2019/20 (£121.42 at Band D) reflects a £5.00 (4.29%) increase which is not excessive in accordance with principles approved under Section 52ZB of the Local Government Finance Act 1992.

 

approve:

 

10.  The net Council Tax requirement of £7.986 million for 2019/20 and the revenue estimates and contributions to and from reserves as summarised in Appendix 1 of the report and supported by the detailed supporting budget papers.

 

11.  The Medium Term Financial Forecast, as shown in Appendix 7 of the report.

 

12.  The financial policies set out in Annex A of Appendix 7 of the report including the re-naming of the Strategic Capital Reserve to the RRCP Housing Reserve – Manydown and extending the potential use of the Stability and Resilience Reserve to include mitigating the impact of economic pressures.

 

13.  The Capital Programme as set out in Appendix 9 of the report and supported by the detailed supporting budget papers.

 

14.  That the requirement for Council Tax for borough purposes for 2019/20 be £121.42 Band D equivalent as set out in Appendix 11 of the report (available for final report to Council).

 

15.  The fees and charges for 2019/20 as set out in Appendix 12 of the report.

 

16.  The 2019/20 budget for the Joint Manydown Committee as set out in Appendix 13 of the report.

 

17.  The Council Tax Resolution as set out in Appendix 11 of the report (available for final report to Council) which brings together the Borough’s Council Tax Requirement and that of the other major preceptors (Hampshire County Council, Hampshire Fire and Rescue and The Police and Crime Commissioner for Hampshire) and sets the Council Tax charges for 2019/20.

 

18.  Agree that the S151 Officer (Chief Finance Officer) be given delegated authority to implement any variation necessary to the overall level of 2019/20 Council Taxes in the event that any of the precepting authorities change their precept calculation from that expected and reported at the Council meeting.

Supporting documents: