Issue - meetings

Revenue Budget, Council Tax and Capital Estimates (annual report)

 

 

Meeting: 17/02/2021 - Cabinet (Item 25)

25 Revenue Budget, Council Tax and Capital Programme pdf icon PDF 416 KB

Report of the Resources Portfolio Holder and the Corporate Director Resources.

Additional documents:

Minutes:

The Resources Portfolio Holder and theCorporate Director Resources (S.151 Officer) submitted a report asking Cabinet to confirm the Revenue Budget, Council Tax, Revised Capital Budget 2020/21 and Capital Programme 2021/22 onwards.

 

The Resources Portfolio Holder expressed his thanks to Clare James, all of her staff and all the staff of Wyre Council for helping keep businesses afloat during the COVID 19 pandemic and said that Wyre Council and Lancashire County Council had both been brilliant during the pandemic. He added that preparing a Medium Term Financial Plan had been difficult under the circumstances as the Government had set only a one-year deal and that it was difficult to predict the impact of the pandemic. Wyre’s track record indicated that the council would continue to deal with whatever was to come.

 

The Leader also expressed his thanks to Clare James and her team and said that he was proud of all the staff of Wyre Council. He had observed that Wyre had been one of the first places to begin the roll out of vaccinations and had watched how the vaccinations were progressing.

 

Decisions

 

Cabinet agreed

 

 

1.

That the following be approved and recommended to Council for their approval:-

 

 

 

a.

The Revised Revenue Budget for the year 2020/21 and the Revenue Budget for 2021/22.

 

 

 

b.

For the purpose of proposing an indicative Council Tax for 2022/23, 2023/24, 2024/25 and 2025/26, taking into account the Medium Term Financial Plan at Appendix 2 of the report, which reflects an increase of £5 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.

 

 

 

c.

Members’ continuing commitment to the approach being taken regarding the efficiency savings, detailed within the council’s ‘Annual Efficiency Statement’ at Appendix 1 of the report.

 

 

 

d.

Any increases in the base level of expenditure and further additional expenditure arising during 2021/22 should be financed from existing budgets or specified compensatory savings, in accordance with the Financial Regulations and Financial Procedure Rules.

 

 

 

e.

The use of all other Reserves and Balances as indicated in Appendices 4 and 5 of the report.

 

 

 

f.

The manpower estimates for 2021/22 in Appendix 4 of the report.

 

 

 

g.

In accordance with the requirements of the Prudential Code for Capital Finance, those indicators included at Appendix 7 of the report.

 

 

 

h.

The Revised Capital Budget for 2020/21 and the Capital Programme for 2021/22 onwards in Appendix 8 of the report.

 

 

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:

 

 

 

a.

 

 

 

 

b.

The amount of 36,980.66 has been calculated as the 2021/22 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  ...  view the full minutes text for item 25