Agenda item

Revenue and Capital Budget and Council Tax 2021/22

Meeting of Full Council, Wednesday, 24th February, 2021 6.30 pm (Item 80.)

To seek approval of the Medium Term Financial Strategy and Reserves Strategy.

Minutes:

Consideration was given to the Revenue and Capital Budget and Council Tax for 2021/22.

It was moved by Councillor Sue Graham and seconded by Councillor Mark Townsend

“That the Council approved the proposals contained in items 6 (c) to 6(h) on the agenda and adopts the relevant minutes of the Executive. These relate to the approval of the Council`s revenue and capital budget and the setting of the Council Tax 2021/22”

An amendment was submitted by the Conservative Group and moved by Councillor Cosima Towneley and seconded by Councillor Tom Commis

That the Council ring fence the sums detailed below for the purpose of facilitating the following agendas: Adult retraining & education, Climate Change Emergency, Local Flooding and Health & Wellbeing.

	Funding From:		Funding For:
1.	Climate Change Emergency (2021) Community Recovery Plan	£50,000 £25,000 £75,000	Climate Change Emergency / Local Flooding Agenda Borough Woodland survey, Beating up, siting & establishment of new Community Orchards or other woodland (possibly commercial plantings)
2.	Covid Reserve Water Fountain Fund	£100,000 £20,500 £120,500. 00	Health & Wellbeing Agenda Padiham Greenway – Sweetclough Link Padiham Greenway – Pollard Moor Link Padiham Bypass – Foxendole Lane Link Maintenance & Repair of present Greenway infrastructure *Total costs for 3 schemes in total
3.	Climate Change Emergency 2020 Community Recovery Plan	£25,000 £25,000 50,000	Employment & Retraining Adult Upskilling
	Total £245,500

Adjournment of meeting

With the consent of members the Mayor adjourned the meeting at 7.37pm

The meeting reconvened at 7.52 pm

In accordance with Council Procedure Rule 16.7 a recorded vote was taken on the amendment.

The amendment was declared to be LOST.

In accordance with Council Procedure Rule 16.7 a recorded vote was taken on the original motion and it was declared to be CARRIED and it was

RESOLVED

(1) That the latest Medium-Tern Financial Strategy be approved;

(2) That the approach that has been adopted in developing the budget proposals that reflect the Council`s Strategic Objectives for 2021/22 be endorsed;

(3) That the proposals contained in this report be approved;

(4) That the setting of a Council Tax Requirement of £7,266,131 for the financial year 2021/22 be approved;

(5) That the setting of a Net Budget Requirement of £15,415,612 for 2021/22 be approved;

(6) That the statutory report issued by the Head of Finance and Property under the Local Government Act 2003 be received;

(7) That the Chief Operating Officer/Heads of Service be authorised to progress action plans to deliver the 2021/22 budget;

(8) That approval be given to a Council Tax (Band D) figure of £312.28 for this Council for the year commencing 1^st April 2021 and adopt the statutory resolution to set the full Council Tax for the year. This is equivalent to a 1.99% Council Tax increase:

(9) That the 2021/22 Capital Budget, totalling £18,792,347, as set out in Appendix 1 be approved;

(10) That the Capital Strategy 2021-26 as set out in Appendix 4 be approved.

(11) Thar the treasury management strategy statement for 2021/22 as set out in Appendix 1 be approved;

(12) That the prudential and treasury indicators for 2021/22 to 2023/24 per Appendix 2, including the authorised limit for external debt of £61.103m in 2021/22 be approved;

(13) Tha the list of Counterparties for Deposits outlined within Appendix 3 be approved;

(14) That the Council`s MRP Statement for 2021/22 as set out in Appendix 4 be approved:

(15) That it be noted that on 2^nd December 2020 the Council calculated the Council Tax Base 2021/22

a) for the whole Council area as 23,268 band D equivalent properties (Item T in the formula in Section 31B of the Local Government Finance Act 1992 [the “Act”] as amended by the Localism Act 2011)

b) for dwellings in those parts of its area to which a Parish precept relates as in the attached Appendix B.

(16) That the Council Tax requirement calculated for the Council’s own purposes for 2021/22 (excluding parish precepts) is £7,266,131.

(17) That the following amounts be calculated by the Council for the financial year 2021/22 in accordance with Sections 31 to 36 of the Act

(a) £53,695,789 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (2) (a) of the Act taking into account all precepts issued to it by Parish Councils;

(b) £46,261,131 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (3) of the Act;

(c) £7,434,658 being the amount by which the aggregate at (17)(a) above exceeds the aggregate at (17)(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 31B of the Act);

(d) £319.52 being the amount at (17)(c) above (Item R), all divided by Item T (15(a) above), calculated by the Council in accordance with Section 31B of the Act, as the basic amount of its Council Tax for the year (including Parish Precepts);

(e) £168,527 being the aggregate of all special items (Parish precepts) referred to in Section 34(1) of the Act (as per the attached Appendix B);

(f) £312.28 being the amount at (17)(d) above less the result given by dividing the amount at (17)(e) above by Item T (the amount at 15(a) 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 (Parish precept) relates.

(18) To note that the County Council, the Police and Crime Commissioner for Lancashire and the Fire Authority have issued precepts to the Council in accordance with Section 40 of the Local Government Finance Act 1992 for each category of dwellings in the Council’s area as indicated in the table below.

(19) That the Council, in accordance with Sections 30 and 36 of the Local Government Finance Act 1992, hereby sets the aggregate amounts shown in the tables below and in Appendix A as the amounts of Council Tax for 2021/22 for each part of its area and for each of the categories of dwellings.

VALUATION BANDS

Burnley Borough Council

A	B	C	D	E	F	G	H
£208.19	£242.88	£277.58	£312.28	£381.68	£451.07	£520.47	£624.56

Lancashire County Council

A	B	C	D	E	F	G	H
£970.79	£1,132.59	£1,294.39	£1,456.19	£1,779.79	£2,103.39	£2,426.98	£2,912.38

Police and Crime Commissioner for Lancashire

A	B	C	D	E	F	G	H
£150.97	£176.13	£201.29	£226.45	£276.77	£327.09	£377.42	£452.90

Lancashire Combined Fire Authority

A	B	C	D	E	F	G	H
£48.18	£56.21	£64.24	£72.27	£88.33	£104.39	£120.45	£144.54

Aggregate of Council Tax Requirements

A	B	C	D	E	F	G	H
£1,378.13	£1,607.81	£1,837.50	£2,067.19	£2,526.57	£2,985.94	£3,445.32	£4,134.38

(20) That it be determined that the Council’s basic amount of Council Tax for 2021/22 is not excessive in accordance with principles approved under Section 52ZB Local Government Finance Act 1992.

Supporting documents: