Issue - meetings
Revenue Budget, Council Tax and Capital Estimates (annual report)
Meeting: 13/02/2019 - Cabinet (Item 47)
47 Revenue Budget, Council Tax and Capital Estimates 
PDF 1 MB
Report of the Resources Portfolio Holder and Head of Finance (S151 Officer)
Minutes:
The Resources Portfolio Holder Head of Finance (S151 Officer) submitted a report asking for confirmation of the Revenue Budget, Council Tax, Revised Capital Budget 2018/19 and Capital Programme 2019/20 onwards.
Decision
Cabinet approved the following recommendations as set out in the report. Note - where references are made to appendices, these are as included with the report.
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3.1 |
That the following be approved:-
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a. |
The Revised Revenue Budget for the year 2018/19 and the Revenue Budget for 2019/20.
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b. |
For the purpose of proposing an indicative Council Tax for 2020/21, 2021/22, 2022/23 and 2023/24, taking into account the Medium Term Financial Plan at Appendix 2 which reflects an increase of 2.99% each year, any increase will remain within the principles determined by the Government as part of the legislation relating to Local Referendums allowing the veto of excessive Council Tax increases.
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c. |
Members’ continuing commitment to the approach being taken regarding the efficiency savings, detailed within the Council’s ‘Annual Efficiency Statement’ at Appendix 1. |
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d. |
Any increases in the base level of expenditure and further additional expenditure arising during 2019/20 should be financed from existing budgets or specified compensatory savings, in accordance with the Financial Regulations and Financial Procedure Rules.
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e. |
The use of all other Reserves and Balances as indicated in Appendices 4 and 5.
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f. |
The manpower estimates for 2019/20.
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g. |
In accordance with the requirements of the Prudential Code for Capital Finance, those indicators included at Appendix 7.
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h. |
The Revised Capital Budget for 2018/19 and the Capital Programme for 2019/20 onwards.
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3.2 |
That it be noted that, in accordance with the Council’s Scheme of Delegation, as agreed by Council at their meeting on 24 February 2005:
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a.
b. |
The amount of 36,857.73 has been calculated as the 2019/20 Council Tax Base for the whole area [Item T in the formula in Section 31B of the Local Government Finance Act 1992, as amended (the “Act”)]; and
A Council Tax Base, for dwellings in those parts of its area to which a Parish precept relates, has been calculated as indicated below.
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Barnacre-with-Bonds |
966.37 |
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Bleasdale |
62.18 |
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Cabus |
610.64 |
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Catterall |
845.29 |
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Claughton-on-Brock |
342.65 |
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Fleetwood |
6,535.55 |
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Forton |
567.12 |
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Garstang |
1,806.54 |
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Great Eccleston |
577.10 |
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Hambleton |
1,069.68 |
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Inskip-with-Sowerby |
340.18 |
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Kirkland |
137.59 |
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Myerscough and Bilsborrow |
450.73 |
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Nateby |
221.41 |
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Nether Wyresdale |
317.81 |
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Out Rawcliffe |
261.38 |
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Pilling |
806.29 |
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Preesall |
1,916.81 |
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Stalmine-with-Staynall |
569.12 |
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Upper Rawcliffe-with-Tarnacre |
295.61 |
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Winmarleigh |
128.93 |
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3.3 |
The Council Tax requirement for the Council’s own purposes for 2019/20 (excluding Parish precepts) is £7,361,963.
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3.4 |
That the following amounts be calculated for the year 2019/20 in accordance with Sections 31 to 36 of the Act:-
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a. |
£76,375,581 |
Being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2) of the Act taking into account all precepts issued to it by Parish Councils. |
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b. |
£68,318,072 |
Being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act. |
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c. |
£8,057,509 |
Being the amount by which the aggregate at 3.4(a) ... view the full minutes text for item 47 |