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Agenda item
Budget Strategy - Corporate Revenue and Capital Budget 2010/11
- Meeting of Cabinet., Wednesday 10th February, 2010 6.30 pm (Item 149.)
- View the background to item 149.
Minutes:
RECOMMENDATION MADE:
1.
That the revised revenue estimates be agreed as set
out in Appendix A (circulated
separately).
2.
That the minimum level of General Fund Balances be
set at £2m for 2010/11.
3.
That the proposed Council Tax of £222.39 at
Band D for 2010/11 (an increase of 2.49%) be agreed.
4.
That the revenue estimates for 2010/11 incorporating
the growth and savings items as set out in Appendix
A be agreed.
5.
That the minor amendment to the provision for the
annual cost of living increase following the recent settlement be
added to the Leaders Contingency Budget.
6.
That the Statement of Reserves and Balances as set
out in Appendix A be agreed.
7.
That the medium term Capital Programme as set out in
Appendix A be agreed.
8.
That the funding of the Capital Programme as set out
in Appendix A, noting
that the funding is dependent upon the delivery of an assumed level
of additional capital resource, be agreed.
9.
That the Treasury Management Strategy include a
contingency for Prudential Borrowing of up to £4m, subject to
the prior agreement of the Cabinet, during 2010/11 be
agreed.
10.
That the Medium Term Financial Strategy as set out
in Appendix A be agreed.
11.
That the Medium Term Financial Projection as set out
in Appendix A as the basis for future financial
planning be endorsed.
12.
That it be noted that, at the meeting of the General
Purposes Group on 27th January 2010, the Council
calculated its Council Tax base for the year 2010/11 in accordance
with regulations made under Section 33 (5) of the Local Government
Finance Act 1992, as 59,765.2 being the amount calculated by the
Council in accordance with Regulation 3 of the Local Authorities
(Calculation of Council Tax Base) regulations 1992.
13.
That it be noted that, as detailed in Appendix B, the Council Tax Base for each of the Parish
Areas, calculated in accordance with Regulation 6 of the
Regulations, are the amounts of its 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 following amounts now be calculated by the Council for the year 2010/11 in accordance with Section 32-36 of the Local Government Finance Act 1992:-
(a) £87,668,186 being the aggregate of the amounts which the Council estimates for its items set out in Section 32 (2) (a) to (e) of the Act;
(b) £63,889,949 being the aggregate of the amounts which the Council estimates for the items set out in Section 32 (3) (a) to (c) of the Act;
(c) £23,778,337 being the amount by which the aggregate at (a) above exceeds the aggregate at (b) above, calculated by the Council, in accordance with Section 32 (4) of the Act as its budget requirement for year;
(d) £9,521,064 being the aggregate of the sums which the Council estimates will be payable for the year into its General Fund in respect of redistributed Non Domestic Rates and Revenue Support Grant, increased by the amount which the Council estimates will be transferred in the year from its Collection Fund to its General Fund in accordance with Section 97 (3) of the Local Government Finance Act 1988 (Council Tax Surplus) and increased by the amount which the Council estimates will be transferred from its Collection Fund to its General Fund, pursuant to the Collection Fund (Community Charges) directions under Section 98(4) of the Local Government Finance Act 1988 (Community Charge Surplus) and reduced by the amount representing the authority’s contribution to Council Tax benefit resulting from an increase in its Council Tax calculated in accordance with the Collection Fund (General) (England) Directions 2000, the Collection Fund (Council Tax Benefit) (England) Directions 2000 and the Local Authorities (Alteration of Requisite Calculations) (England) Regulations 2000;
(e) £238.55 being the amount at (c) above, less the amount at (d) above, all divided by the amount at 12 above, calculated by the Council, in accordance with Section 33 (1) of the Act, as the basic amount of its Council Tax for the year;
(f) £966,097 being the aggregate amount of all special items referred to in Section 34 (1) of the Act as detailed in Appendix B;
(g) £222.39 being the amount at (e) above, less the result given by dividing the amount at (f) above by the amount at 12 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 special item relates;
(h) As detailed in Appendix C, being the amounts given by adding to the amounts at (g) above, the amounts of the special item (s) relating to dwellings in those parts of the Council’s area mentioned in Appendix B, divided in each case by the amount at 12 above, calculated by the Council, in accordance with Section 34(3) of the Act, as the basic amounts of its Council Tax (detailed in Band D) for the year for dwellings in those parts of its area to which one or more special items relates;
(i) As detailed in Appendix C, being the amounts given by multiplying the
amounts at (g) and (h) 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 ‘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.
15.
That it be noted that for the year 2010/11 Kent
County Council, the Kent Police Authority and the Kent and Medway
Towns Fire 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:-
Variation Bands
|
KCC £ |
KPA £ |
KMTFA £ |
A |
698.52 |
92.45 |
45.30 |
B |
814.94 |
107.86 |
52.85 |
C |
931.36 |
123.27 |
60.40 |
D |
1047.78 |
138.68 |
67.95 |
E |
1280.62 |
169.50 |
83.05 |
F |
1513.46 |
200.32 |
98.15 |
G |
1746.30 |
231.13 |
113.25 |
H |
2095.56 |
277.36 |
135.90 |
16. That, having calculated the aggregate in each case of the amounts at 14 (i), and 15 above, the Council, in accordance with Section 30 (2) of the Local Government Finance Act 1992, hereby sets out in Appendix D, the amounts of Council Tax for the year 2010/11 for each of the categories of dwellings shown.
For full details of this Record of Recommendation please follow this link:-
http://meetings.maidstone.gov.uk/ieListDocuments.aspx?CId=151&MId=696&Ver=4
Supporting documents:
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 2010/11, item 149. PDF 155 KB View as HTML (149./1) 110 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 1, item 149. PDF 39 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 2, item 149. PDF 514 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 3, item 149. PDF 42 KB View as HTML (149./4) 10 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 4, item 149. PDF 49 KB View as HTML (149./5) 10 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 5, item 149. PDF 34 KB View as HTML (149./6) 10 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 6, item 149. PDF 57 KB View as HTML (149./7) 10 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 7, item 149. PDF 20 KB View as HTML (149./8) 10 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 8, item 149. PDF 92 KB View as HTML (149./9) 115 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 9, item 149. PDF 24 KB View as HTML (149./10) 10 KB
- Cabinet, Council and Committee for Budget Strategy - Corporate Revenue and Capital Budget 201011 enc. 10, item 149. PDF 54 KB