Agenda item

Revenue and Capital Budget 2017/18

Recommendation from the Cabinet held on 8 February 2017:

 

            Revenue Budget 2017/2018 to 2021/2022

 

            RECOMMENDED That Council:

 

(a)        that the following be approved, as set out in the report to the Cabinet on 8 February 2017:

 

(1)       The proposed Revenue and Capital Budget for 2017/2018 including a Council Tax rate of £192.78 at Band D (0% increase);

(2)       The Treasury Management Strategy and Prudential Indicators; and

(3)        Proposed Prices for Services for 2017/2018

 

 

(b)       That it benoted that (on 31st January, 2017) the Chief Finance Officer calculated the Council Tax Base 2017/2018 for the whole Council area as 39,937.93 [Item T in the formula in Section 31B(1) of the Local Government Finance Act 1992, as amended, (the “Act”)] and that this Council Tax base be split between the regions of the Environment Agency as follows:

 

Southern – 39,937.93

 

(c)        That the following amounts be calculated by the Council for the year 2017/2018 in accordance with Sections 31 and 34 to 36 of the Act.

 

               (i)      £ 69,303,234 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2) of the Act;

 

        (ii)     £ 61,604,000 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act;

 

                                    (iii)    £7,699,234 being the amount by which the aggregate at d(i) above exceeds the aggregate at d(ii) 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);

                

        (iv)    £192.78 being the amount at d(iii) above (Item R), divided by Item T  (c 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;

 

(e)       Valuation Bands

 

A                      B                     C                     D

£128.52            £149.94          £171.36            £192.78

E                       F                     G                      H

£235.62            £278.46           £321.30           £385.56

 

being the amounts given by multiplying the amount at d(iv) above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in valuation band D, calculated by the Council, in accordance with Section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

 

(f)        That it be noted that for the year 2017/2018 the Hampshire County Council (see (h) below) and Police and Crime Commissioner for Hampshire and Hampshire Fire and Rescue Authority have stated the following amounts in precepts issued to the Council, in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of the dwellings shown below:

 

Valuation Bands – Hampshire County Council Basic Charge

 

A                      B                      C                      D

£755.40            £881.30            £1,007.20        £1,133.10

E                       F                     G                      H

£1,384.90         £1,636.70        £1,888.50         £2,266.20

 

Valuation Bands – Hampshire County Council Adult Social Care Premium

 

A                      B                     C                      D

£35.41              £41.32             £47.22              £53.12

E                       F                      G                      H
£64.92              £76.73             £88.53              £106.24

 

 

Valuation Bands – Police and Crime Commissioner for Hampshire

 

A                      B                      C                      D
£110.31            £128.69           £147.08            £165.46

E                       F                      G                     H

£202.23            £239.00            £275.77           £330.92

 

Valuation Bands – Hampshire Fire and Rescue Authority

 

A                       B                      C                     D

£42.56              £49.65              £56.75             £63.84

E                       F                      G                     H
£78.03               £92.21              £106.40           £127.68

 

(g)          That having calculated the aggregate in each case of the amounts at (e)  and (f) above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby, but subject to Hampshire County Council and Hampshire Fire & Rescue Authority confirming the precept at (f) above on 16th February 2017 and 21st February 2017 respectively, sets the following amounts as the amounts of Council Tax for the year 2017/2018 for each of the categories of dwellings shown below:

 

Valuation Bands

 

A                      B                     C                      D
£1,036.79        £1,209.58        £1,382.39         £1,555.18

E                      F                      G                      H

£1,900.78        £2,246.37        £2,591.37        £3,110.36

 

(h)          If the Precepting Bodies decide a different precept than stated, the Council will be provided with a revised calculation as soon as possible.  .     

 

[Note: At the time of the publication of this agenda the figures for the Precepting Bodies are based upon current proposals.  If these change before the Council meeting councillors will be advised before the meeting].

Minutes:

The Leader presented a report and recommendation from Cabinet seeking approval of the proposed revenue and capital budget, reserves and balances, treasury and prices for services for 2017/18.

 

As Chairman of the Scrutiny Board, Councillor Buckley referred to the significant amount of work undertaken during the course of the year by the Budget Scrutiny Panel led by Councillor Hughes, and took the opportunity to thank all those involved for their contribution.

 

Proposed by Councillor Cheshire and seconded by Councillor Turner, it was:

 

RESOLVED that:

 

(a)          the following be approved, as set out in the report to the Cabinet on 8 February 2017:

 

              (1)          The proposed Revenue and Capital Budget for 2017/2018 including a Council Tax rate of £192.78 at Band D (0% increase);

              (2)          The Treasury Management Strategy and Prudential Indicators; and

              (3)          Proposed Prices for Services for 2017/2018

 

(b)          That it be noted that (on 31st January, 2017) the Chief Finance Officer calculated the Council Tax Base 2017/2018 for the whole Council area as 39,937.93 [Item T in the formula in Section 31B(1) of the Local Government Finance Act 1992, as amended, (the “Act”)] and that this Council Tax base be split between the regions of the Environment Agency as follows:

 

Southern – 39,937.93

 

(c)          That the following amounts be calculated by the Council for the year 2017/2018 in accordance with Sections 31 and 34 to 36 of the Act.

 

              (i)      £ 69,303,234 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2) of the Act;

 

              (ii)      £ 61,604,000 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act;

 

              (iii)     £7,699,234 being the amount by which the aggregate at d(i) above exceeds the aggregate at d(ii) 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);

                       

              (iv)    £192.78 being the amount at d(iii) above (Item R), divided by Item T (c 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;

 

(e)    Valuation Bands

 

                        A                      B                     C                     D

                        £128.52            £149.94          £171.36            £192.78


                        E                       F                     G                      H

                        £235.62            £278.46           £321.30           £385.56

 

                        being the amounts given by multiplying the amount at d(iv) above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in valuation band D, calculated by the Council, in accordance with Section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

 

(f)                    That it be noted that for the year 2017/2018 the Hampshire County Council (see (h) below) and Police and Crime Commissioner for Hampshire and Hampshire Fire and Rescue Authority have stated the following amounts in precepts issued to the Council, in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of the dwellings shown below:

 

Valuation Bands – Hampshire County Council Basic Charge

 

                        A                      B                      C                      D

                        £755.40            £881.30            £1,007.20        £1,133.10


                        E                       F                     G                      H

                        £1,384.90         £1,636.70        £1,888.50         £2,266.20

 

                        Valuation Bands – Hampshire County Council Adult Social Care Premium

 

                        A                      B                     C                      D

                        £35.41              £41.32             £47.22              £53.12


                        E                       F                      G                      H
£64.92              £76.73             £88.53              £106.24

 

 

                        Valuation Bands – Police and Crime Commissioner for Hampshire

 

                        A                      B                      C                      D
£110.31            £128.69           £147.08            £165.46


                        E                       F                      G                     H

                        £202.23            £239.00            £275.77           £330.92

 

Valuation Bands – Hampshire Fire and Rescue Authority

 

                        A                       B                      C                     D

                        £42.56              £49.65              £56.75             £63.84

E                       F                      G                     H
£78.03               £92.21              £106.40           £127.68

 

(g)                    That having calculated the aggregate in each case of the amounts at (e) and (f) above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby, but subject to Hampshire County Council and Hampshire Fire & Rescue Authority confirming the precept at (f) above on 16th February 2017 and 21st February 2017 respectively, sets the following amounts as the amounts of Council Tax for the year 2017/2018 for each of the categories of dwellings shown below:

 

Valuation Bands

 

                        A                      B                     C                      D
£1,036.79        £1,209.58        £1,382.39         £1,555.18

E                      F                      G                      H

                        £1,900.78        £2,246.37        £2,591.37        £3,110.36

 

(h)                    If the Precepting Bodies decide a different precept than stated, the Council will be provided with a revised calculation as soon as possible. .      

 

In accordance with the requirements of the Local Authorities Standing Orders Regulations (England) 2001, the vote on this item was recorded as follows:

 

For the Motion:

Councillor Satchwell

Councillor Lloyd

Councillor Rees

Councillor Sceal

Councillor Thomas

Councillor Bowerman

Councillor Mrs E Shimbart

Councillor G Shimbart

Councillor Quantrill

Councillor Fairhurst

Councillor Buckley

Councillor Branson

Councillor D Smith

Councillor K Smith

Councillor Weeks

Councillor Cresswell

Councillor Mrs Blackett

Councillor Keast

Councillor Lenaghan

Councillor Wade

Councillor Pike

Councillor Wilson

Councillor Turner

Councillor Guest

Councillor Cheshire

Councillor Briggs

Councillor Bains

Councillor Ponsonby

 

Against the Motion:

Councillor Francis

 

Abstentions:

Councillor Perry

Councillor Kerrin

Councillor Davis

Councillor Carpenter

Councillor Hart

 

Not present:

Councillor Patrick

Councillor Hughes

Councillor Howard

 

 

Supporting documents: