Agenda item
2021-22 Revenue Budget, Capital Budget, Reserves and Balances, Capital Strategy, Treasury Management Strategy and Medium-Term Financial Strategy (MTFS)
In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014, a recorded vote will be taken on this item.
Minutes:
The recommendation contained within the report was proposed by Cllr Inkster and seconded by Cllr Keast.
Council supported the budget proposals, however during debate the following points were raised:
· An increase in the Capital Budget to allow council owned play equipment to be replaced every 25 years;
· Investment in the Capital Budget for West Beach, Hayling Island; and
· The reduction or removal of legal services fees and charges for non-commercial enterprises, such as local charities and community groups who often undertook work on the council’s behalf.
In response, Cllr Inkster, Cabinet Lead for Finance, confirmed that he was aware of these matters and would be happy to discuss further.
Following the discussion, it was RESOLVED that Council agrees:
a. the proposed Revenue and Capital budgets for 2021-22 including a Council Tax rate of £214.48 at Band D, representing a £5 increase on the current charge;
b. the proposed Medium Term Financial Strategy, Capital Strategy, Treasury Management Strategy and Prudential Indicators;
c. the Fees & Charges Schedule for 2021/22; and
d. the Council Tax Resolution:
(1) That it be noted that (on 31st January, 2021) the Chief Finance Officer calculated the Council Tax Base 2021/22 for the whole Council area as 41,448.02 [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 – 41,448.02
(2) That the following amounts be calculated by the Council for the year 2021/22 in accordance with Sections 31 and 34 to 36 of the Act.
(i) £ 62,261,129 (expenditure) being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2) of the Act;
(ii) £53,371,510 (income) being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act;
(iii) £8,889,619 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) £214.48 being the amount at c(iii) above (Item R), divided by Item T (b 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;
(3) Valuation Bands
being the amounts given by multiplying the amount at 2(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.
(4) That it be noted that for the year 2021/22 we estimate that Hampshire County Council will propose 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.
(5) That it be noted that for the year 2021/22 the 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.
(6) That having calculated the aggregate in each case of the amounts at (3), (4) and (5) above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts as the amounts of Council Tax for the year 2021/22 for each of the categories of dwellings shown below:
(7) The section 151 be given delegated authority to implement any variation to the overall level of Council Tax arising from the final notification of the Hampshire County precept.
In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014 the voting on this item was recorded as follows:
For the Motion:
Councillor N Bains
Councillor P Bains
Councillor L Bowerman
Councillor J Branson
Councillor A Briggs
Councillor M Carpenter
Councillor P Crellin
Councillor J Davis
Councillor B Francis
Councillor D Guest
Councillor T Hart
Councillor C Howard
Councillor G Hughes
Councillor M Inkster
Councillor D Jenner
Councillor D Keast
Councillor R Kennett
Councillor E Lloyd
Councillor J Lowe
Councillor S Milne
Councillor H Patel
Councillor D Patrick
Councillor T Pike
Councillor R Raines
Councillor A Rennie
Councillor Gwen Robinson
Councillor C Satchwell
Councillor M Sceal
Councillor I Scott
Councillor E Shimbart
Councillor K Smith
Councillor J Thain-Smith
Councillor J Thomas
Councillor L Turner
Councillor P Wade
Councillor Y Weeks
Councillor M Wilson
Against the Motion:
None
Abstentions:
None
Absent:
Councillor Gary Robinson
Supporting documents:
- 00 HBC Full Council Budget 2122, item 41. PDF 435 KB
- Appendix A - Draft Budget HBC, item 41. PDF 298 KB
- Appendix B - MTFS HBC, item 41. PDF 310 KB
- Appendix C - Capital Programme HBC, item 41. PDF 320 KB
- Appendix D - Capital Bids HBC, item 41. PDF 461 KB
- Appendix E - Analysis of Reserves HBC, item 41. PDF 324 KB
- Appendix F - CFO Statement HBC, item 41. PDF 399 KB
- Appendix G - HBC Treasury Management Strategy 2020_21ii, item 41. PDF 353 KB
- Appendix H - HBC Capital Strategy 2021-22 to 2025-26, item 41. PDF 331 KB
- Appendix I - HBC Fees & Charges 2122, item 41. PDF 794 KB
- Appendix J - Business Rates HBC, item 41. PDF 151 KB
- Appendix K - Council Tax resolution HBC 2122 (Revised), item 41. PDF 123 KB