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Agenda item
Budget Strategy 2014/15 Onwards
- Meeting of Cabinet., Wednesday 12th February, 2014 6.30 pm (Item 152.)
- View the background to item 152.
Minutes:
The Cabinet considered the report of Corporate Leadership Team regarding the Budget Strategy for 2014/15 onwards.
Following consideration of the financial risks over the medium term, as set out in the report, the Cabinet resolved to recommend to Council a budget based upon a 1.99% increase in the level of Council Tax.
RESOLVED to RECOMMEND to COUNCIL:
1.
That the revised revenue estimates for 2013/14 as
set out in Appendix A to the report of the Cabinet be
agreed.
2.
That the minimum level of General Fund Balances be
set at £2m for 2014/15.
3.
That the proposed Council Tax of £231.12 at
Band D for 2014/15 be agreed.
4.
That a premium of 50% to the Council Tax charge be
introduced on 1 April 2014 for properties that have been empty and
unfurnished for two years. This to
include periods prior to 1 April 2014 but not payable on charges
prior to 1April 2014.
5.
That the revenue estimates for 2014/15 incorporating
the growth and savings items set out in Appendix A be
agreed.
6.
That the Statement of Reserves and Balances as set
out in Appendix A be agreed.
7.
That the Capital Programme as set out in Appendix A
be agreed.
8.
That the funding of the Capital Programme as set out
in Appendix A be agreed.
9.
That the Medium Term Financial Strategy as set out
in Appendix A be agreed.
10.
That the Medium Term Financial Projection, as set
out in Appendix A, be endorsed as the basis for future financial
planning.
11.
That it be noted that the Council’s Council
Tax Base for the year 2014/15 has been calculated as 55675.1 in
accordance with Regulation 3 of the Local Authorities (Calculation
of Council Tax Base) Regulations 1992.
12.
That it be noted that in accordance with Government
guidance the yield from business rates has been calculated as
£54,171,300.
13.
That it be noted that, as detailed in Appendix B to
the report of the Cabinet, the Council Tax Base for each of the
Parish Areas, calculated in accordance with Regulation 6 of the
Regulations, are the amounts of the Council Tax Base for the year
for dwellings in those parts of its area to which a special item
relates (Parish precepts).
14.
That the distribution of Local Council Tax Support
funding to Parish Councils, as set out in Appendix C to the report
of the Cabinet, be approved.
15.
That the Council Tax requirement for the
Council’s own purposes for 2014/15 (excluding Parish
precepts) be calculated as £12,867,601.
16.
That the following amounts now be calculated by the
Council for the year 2014/15 in accordance with Sections 31A, 31B
and 34-36 of the Local Government Finance Act 1992 as amended by
the Localism Act 2011:-
(a) |
£83,406,934 |
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. |
(b) |
£69,251,582 |
being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act. |
(c) |
£14,155,352 |
being the amount by which the aggregate at 16(a)
above exceeds the aggregate at 16(b) 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). |
(d) |
£254.25 |
being the amount at 16(c) above (Item R), all divided by
the figure stated at 11 above (Item T in the formula in section
31A(4) of the Act), calculated by the Council, in accordance with
Section 31B(1) of the Act, as the basic amount of its Council Tax
for the year (including Parish precepts). |
(e) |
£1,287,752 |
being the aggregate amount of all special items (Parish precepts) referred to in Section 34(1) of the Act (as per Appendix B). |
(f) |
£231.12 |
being the amount at 16(d) above less the result given by dividing the amount at 16(e) above by the Tax Base given in 11 above, calculated by the Council, in accordance with Section 34(2) of the Act, as the basic amount of its Council Tax for the year for dwellings in those parts of its area to which no Parish precept relates. |
17. That it be noted that for the year 2014/15 Kent County Council, the Kent Police & Crime Commissioner and the Kent & Medway Fire & 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 dwellings shown below:-
Valuation Bands
|
KCC £ |
KPCC £ |
KMFRA £ |
A |
712.44 |
96.19 |
46.20 |
B |
831.18 |
112.22 |
53.90 |
C |
949.92 |
128.25 |
61.60 |
D |
1,068.66 |
144.28 |
69.30 |
E |
1,306.14 |
176.34 |
84.70 |
F |
1,543.62 |
208.40 |
100.10 |
G |
1,781.10 |
240.47 |
115.50 |
H |
2,137.32 |
288.56 |
138.60 |
18. That, having calculated the aggregate in each case of the amounts at 16 (d), and 17 above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, agrees, as per
Appendix D to the report of the Cabinet, the amounts of Council Tax for the year 2014/15 for each of the categories of dwellings shown.
Supporting documents:
-
Budget Strategy 2014 15, item 152.
PDF 166 KB View as HTML (152./1) 104 KB
-
Appendix A - Budget Strategy Parish Funding, item 152.
PDF 39 KB View as HTML (152./2) 10 KB
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Appendix B - Budget Strategy SRP, item 152.
PDF 50 KB
-
Appendix C - Budget Strategy Revenue Summary, item 152.
PDF 32 KB View as HTML (152./4) 10 KB
-
Appendix D - Budget Strategy Savings, item 152.
PDF 60 KB
-
Appendix E - Budget Strategy Balances, item 152.
PDF 36 KB View as HTML (152./6) 10 KB
-
Appendix F - Budget Strategy Capital Programme, item 152.
PDF 74 KB
-
Appendix G - Budget Strategy Consultation, item 152.
PDF 82 KB View as HTML (152./8) 99 KB
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Appendix H - Budget Strategy Revenue MTFS, item 152.
PDF 169 KB View as HTML (152./9) 52 KB
-
Appendix I - Budget Strategy Capital MTFS, item 152.
PDF 152 KB View as HTML (152./10) 27 KB
-
Appendix J - Budget Strategy Risk Assessment, item 152.
PDF 71 KB View as HTML (152./11) 59 KB