Decision details
2014/15 Budget and Council Tax
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To decide on the General Fund revenue budget; the Schools Budget; the Housing Revenue Account; the Council’s capital programme; the Council’s treasury management strategy; and prudential indicators.
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 the final Greater London Authority precept.
That subject to the final confirmation of the GLA precept approval be given to the following recommendations for Full Council at its meeting on 3 March 2014:
(i) Agree the General Fund revenue budget for 2014/15, as summarised in Appendix A.
(ii) Agree the Service Area budgets including the cost pressures and savings detailed in Appendices B and C.
(iii) Note the report of the Budget and Finance Overview & Scrutiny Committee in Appendix D.
(iv) Note Appendix E and agree the budgets for central items and other budgets.
(v) Receive the report from the Chief Finance Officer in Appendix C(iii) in respect of his statutory duty under Section 25 of 2003 Local Government Act.
(vi) Agree that there is no increase in the Council’s element of council tax for 2014/15.
(vii) Note and consider the advice of the Director of Legal and Procurement as set out in Appendix M.
(viii) Agree the instalment dates for
council tax and NNDR for 2014/15, and the recovery policy for
council tax as set out in Appendix F(ii).
(ix) That decisions on individual applications for reducing Council Tax payable in accordance with section 13A(1)(c) of the Local Government Finance Act 1992 be delegated to the Chief Finance Officer.
(x) Note the Medium Term Financial Outlook in Section 5.
(xi) Agree the School’s Budget set out in Appendix H.
(xii) Agree the Housing Revenue Account budget set out in Appendix I(ii).
(xiii) Agree the 2014/15 to 2016/17 capital programme as set out in Appendix J.
(xiv) Note the levels of unsupported borrowing forecast for 2014/15, based on the borrowing levels agreed by the Council on 28 February 2013.
(xv) Agree the Treasury Management Strategy and the Annual Investment Strategy for 2014/15 set out in Appendix K.
(xvi) Agree the Prudential Indicators set out in this section for affordability, capital spending, external debt and treasury management set out in Appendix L.
(xvii) In relation to the council tax for 2014/15 we resolve:
That the following amounts be now calculated by the Council for the year 2014/15 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended:
(a) £1,059,811,000 being the aggregate of the amount that the Council estimates for the items set out in Section 31A(2) of the Act.
(b) £975,937,657 being the aggregate of the amounts that the Council estimates for the items set out in Section 31A(3) of the Act.
(c) £83,873,343 being the amount by which the aggregate at (a) above exceeds the aggregate at (b) above, calculated by the Council, in accordance with Section 31A(4) of the Act, as its Council Tax requirement for the year.
(d) £1,058.94 being the amount at (c) above, divided by the amount for the taxbase specified above calculated by the Council, in accordance with Section 31B of the Act, as the basic amount of its Council Tax for the year.
(e) Valuation Bands
A |
B |
C |
D |
E |
F |
G |
H |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
705.96 |
823.62 |
941.28 |
1,058.94 |
1,294.26 |
1,529.58 |
1,764.90 |
2,117.88 |
being the amounts given by multiplying the amount at (d) 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.
(xviii) That it be noted that for the year 2014/15 that the proposed Greater London Authority precepts issued to the Council, in accordance with Section 40 of the Local Government Finance Act 1992, in respect of the Greater London Authority, for each of the categories of dwellings shown below:
Valuation Bands |
|||||||
A |
B |
C |
D |
E |
F |
G |
H |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
199.33 |
232.56 |
265.78 |
299.00 |
365.44 |
431.89 |
498.33 |
598.00 |
(xix) That, having calculated the aggregate in each case of the amounts at (e) and the precepting authority referred to in the preceding paragraph 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 2014/15 for each of the categories of dwellings shown below:
Valuation Bands |
|||||||
A |
B |
C |
D |
E |
F |
G |
H |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
905.29 |
1,056.18 |
1,207.06 |
1,357.94 |
1,656.70 |
1,961.47 |
2,263.23 |
2,715.88 |
(xx) The Chief Finance Officer has determined that the Council’s basic amount of Council Tax for 2014/15 is not excessive in accordance with the principles approved under Section 52ZB of the Local Government Act 1992.
(xxi) (a) That the Chief Finance Officer be and is hereby authorised to give due notice of the said council tax in the manner provided by Section 38(2) of the 1992 Act.
(b) That the Chief Finance Officer be and is hereby authorised when necessary to apply for a summons against any council tax payer or non-domestic ratepayer on whom an account for the said tax or rate and any arrears has been duly served and who has failed to pay the amounts due to take all subsequent necessary action to recover them promptly.
(c) That the Chief Finance Officer be and is hereby authorised to collect revenues and distribute monies from the Collection Fund and is authorised to borrow or to lend money in accordance with the regulations to the maximum benefit of each fund.
Wards Affected: (All Wards);
Contact: Mick Bowden, Operational Director, Finance Email: mick.bowden@brent.gov.uk Tel: 020 8937 1460.
Report author: Mick Bowden
Publication date: 20/02/2014
Date of decision: 17/02/2014
Decided at meeting: 17/02/2014 - Executive
Accompanying Documents:
- 1. Consolidated Report PDF 198 KB
- Appendix 0 List of Appendices PDF 40 KB
- Appendix A PDF 16 KB
- Appendix B (SA Budget Detail) PDF 117 KB
- Appendix C(i) - Cost Pressures PDF 92 KB
- Appendix C(ii) - (SA Savings) PDF 110 KB
- Appendix C(iii) - Risk and s25 statement PDF 70 KB
- Appendix C(iv) Grants PDF 10 KB
- Appendix C(v) One Council PDF 210 KB
- Appendix D (Budget & Finance Report) PDF 187 KB
- Appendix E(i) - Central Items Table PDF 14 KB
- Appendix E(ii) - Central Items PDF 128 KB
- Appendix F(i) (CTax Property Valuation Bands) PDF 41 KB
- Appendix F(ii) - Council Tax and NNDR Instalment Dates and Recovery Policy2014-15 PDF 100 KB
- Appendix G - Equalities Impact Assessment PDF 40 KB
- Appendix H (Schools Budget) PDF 92 KB
- Appendix I(i) HRA PDF 56 KB
- Appendix I(ii) - HRA Table PDF 24 KB
- Appendix J - Capital Programme Expenditure and Income PDF 62 KB
- Appendix K - TM Strategy PDF 113 KB
- Appendix L - Prudential Indicators PDF 98 KB
- Appendix M - (Legal Advice) PDF 133 KB
- Appendix N - Earmarked Reserves and Provisions PDF 58 KB