Issue - meetings

Budget 2012/13

Meeting: 13/02/2012 - Executive (Item 15)

15 Budget 2012/13 pdf icon PDF 85 KB

The budget report sets out the key decisions Members are asked to make on:

the 2012/13 General Fund revenue budget; the 2012/13 Schools Budget;

the 2012/13 Housing Revenue Account; the Council’s capital programme for 2012/13 to 2015/16; the Council’s treasury management strategy; and  prudential indicators aimed at ensuring the affordability of capital spending and a secure approach to borrowing and investment.

Additional documents:

Decision:

These recommendations only include a provisional Council Tax level for the GLA as its final budget was not agreed when this report was dispatched.  This means that the statutory calculation of the total amount of Council Tax under Section 30(2) of the Local Government Finance Act 1992 may be amended by:

(a)  the final Greater London Authority precept; and

(b)  any other significant changes to the budget figures.

 

That subject to the above full council on 27 February 2012 be recommend to:

 

In respect of Section 3

 

2.1       Note the latest forecast for the General Fund outturn (Appendix A(i)) for 2011/12.

 

2.2       Agree the 2011/12 budget virements (Appendix A(ii)).

 

In respect of Section 4

 

2.3       Note the process, including consultation that has led to these budget proposals.

 

2.4       Agree the General Fund revenue budget for 2012/13, as summarised in Appendix B, or consider any amendments to that budget.

 

2.5       Agree the Service Area budgets including the cost pressures, savings, fees and charges and other adjustments detailed in Appendices C and D.

 

2.6       Note Appendix F and agree the budgets for central items and other budgets, or consider any amendments to those budgets.

 

2.7       Note and, where appropriate, make provision for the contingent liabilities and risks set out in this section of the report.

 

2.8       Agree the approach to balances set out in the report.

 

2.9       Receive the report from the Director of Finance and Corporate Services in paragraph 4.30 in respect of his statutory duty under Section 25 of 2003 Local Government Act.

 

            In respect of Section 5

 

2.10    Note that a reduced the GLA precept of £306.72 for each Band D equivalent property was approved at the meeting of the Greater London Assembly on 9 February 2012 and that the final budget report will be amended to reflect this.

 

2.11    Note the information regarding the limitation of council tax increases.

 

2.12    Agree there is no surplus or deficit at 31 March 2012 for that part of the Collection Fund relating to community charge.

 

2.13    Note and consider the advice of the Director of Legal and Procurement as set out in Appendix M.

 

2.14    Agree the instalment dates for council tax and NNDR for 2012/13, and the recovery policy for council tax as set out in Appendix G(ii).

 

            In respect of Section 6

 

2.15    Agree the Medium Term Financial Strategy and the provisional service area cash limits for 2013/14 to 2015/16 set out in Appendix H.

 

            In respect of Section 7

 

2.16    Agree the Schools Budget set out in Appendix I.

 

In respect of Section 8

 

2.17    Agree the Housing Revenue Account budget set out in Appendix J.

 

            In respect of Section 9

 

2.18    Note the latest forecast outturn position on the 2011/12 capital programme, and agree the revised budgets.

 

2.19    Note the properties included within the disposals programme set out in Appendix K(v).

 

2.20    Agree the 2012/13 to 2015/16 programme as set out in Appendix K(iii), including the new capital allocations.

 

2.21    Note  ...  view the full decision text for item 15

Minutes:

Councillor Butt (Lead Member, Resources) introduced the budget report which set out the key decisions members were asked to make on namely: the 2012/13 General Fund revenue budget; the 2012/13 Schools Budget; the 2012/13 Housing Revenue Account; the Council’s capital programme for 2012/13 to 2015/16; the Council’s treasury management strategy; and prudential indicators aimed at ensuring the affordability of capital spending and a secure approach to borrowing and investment. He referred to the level of balances at the end of 2011/12 which were forecast at £10.080m and the key role of the One Council Programme in the delivery of the Medium Term Financial Strategy. The council would receive Formula Grant of £155.420m in 2012/13. This figure included the continuing grant in 2012/13 for freezing council tax in 2011/12, frozen for the third year running. It was noted that the GLA precept had been reduced by 3%. Councillor Butt also highlighted the risks within the budget including service cost pressures and limited resources. Circulated at the meeting was a schedule of fees and charges for 2012/13 which would be included in the report to Full Council and Councillor Butt proposed two amendments to recommendations 2.10 and 2.34 in the report relating to the announced GLA precept and also reference to the Localism Act 2011, which were agreed.

 

RESOLVED:-

 

That Full Council on 27 February 2012 be recommended to:

 

In respect of Section 3

 

1)         Note the latest forecast for the General Fund outturn (Appendix A(i)) for 2011/12.

 

2)         Agree the 2011/12 budget virements (Appendix A(ii)).

 

In respect of Section 4

 

3)         Note the process, including consultation that has led to these budget proposals.

 

4)         Agree the General Fund revenue budget for 2012/13, as summarised in Appendix B, or consider any amendments to that budget.

 

5)         Agree the Service Area budgets including the cost pressures, savings, fees and charges and other adjustments detailed in Appendices C and D.

 

6)         Note Appendix F and agree the budgets for central items and other budgets, or consider any amendments to those budgets.

 

7)         Note and, where appropriate, make provision for the contingent liabilities and risks set out in this section of the report.

 

8)         Agree the approach to balances set out in the report.

 

9)         Receive the report from the Director of Finance and Corporate Services in paragraph 4.30 in respect of his statutory duty under Section 25 of 2003 Local Government Act.

 

In respect of Section 5

 

10)      Note that a reduced the GLA precept of £306.72 for each Band D equivalent property was approved at the meeting of the Greater London Assembly on 9 February 2012 and that the final budget report will be amended to reflect this.

 

11)      Note the information regarding the limitation of council tax increases.

 

12)      Agree there is no surplus or deficit at 31 March 2012 for that part of the Collection Fund relating to community charge.

 

13)      Note and consider the advice of the Director of Legal and Procurement as set out in  ...  view the full minutes text for item 15