Agenda item

APPROVAL OF THE REVENUE AND CAPITAL BUDGETS, CAPITAL STRATEGY, TREASURY MANAGEMENT STRATEGY, INVESTMENTS STRATEGY, MEDIUM TERM GENERAL FUND FINANCIAL STRATEGY AND TO FIX THE COUNCIL TAX FOR THE YEAR COMMENCING 1 APRIL 2024

To approve the capital and revenue budget proposals together with the Capital Strategy, Prudential Indicators, Treasury Management Strategy, Investment Strategy and General Fund Medium Term Financial Strategy and to approve the Business Plans.

 

(Members should note that, in accordance with the Local Authorities (Standing Orders) (England) (Amendment Regulations 2014, there will be a recorded vote on this item).

 

Minutes:

The Council debated the capital and revenue budget proposals together with the Capital Strategy, Prudential Indicators, Treasury Management Strategy, Investment Strategy and General Fund Medium Term Financial Strategy and Business Plans.

 

It was proposed by Councillor P J Owen and seconded by D D Pringle that the following amendment be made to the budget.

 

The Conservative party proposals for the 24/25 budget are as follows:

 

The Council shall -

 

1.    Abolish the recently introduced car parking charges (additional cost £270,000)

2.    Reduce proposed garden waste charges increases from an additional £5 to £1 per annum (additional cost £90,000)

3.    Introduce flood wardens and sand-bags (additional cost £50,000)

 

Total additional 24/25 budget cost - £410,000

 

4.    Increase the Council’s staffing vacancy target (additional saving £200,000)

5.    Use of general fund balances (additional saving £210,000)

 

Total additional 24/25 budget savings - £410,000.

 

Prior to the vote on the amendment Councillor R D MacRae proposed and Councillor E Williams seconded an adjournment.  On being put to the meeting the motion fell.

 

The debate on the amendment was had and included comments on car parking charges and the impact on existing employees and services of further staffing cuts.

 

The debate on the amendment focussed the pressure that would be put on Officers by vacant posts being deleted and the balance of ensuring car parking charges were fair, but didn’t impact negatively on businesses.  On being put to the meeting the motion fell. The vote was recorded and the voting was as follows:

 

For

Against

Abstain

L A Ball BEM

D Bagshaw

B C Carr

M Brown

P Bales

S J Carr

G S Hills

R E Bofinger

A Kingdon

H G Khaled MBE

R Bullock

H Land

J M Owen

C Carr

D L MacRae

P J Owen

A Cooper

R D MacRae

D D Pringle

T A Cullen

D K Watts

A W G A Stockwell

S Dannheimer

E Williamson

 

H J Faccio

 

 

R S Falvey

 

 

S P Jeremiah

 

 

G Marshall

 

 

J W McGrath

 

 

W Mee

 

 

M Radulovic MBE

 

 

H E Skinner

 

 

P A Smith

 

 

V C Smith

 

 

C M Tideswell

 

 

S Webb

 

 

E Winfield

 

 

K Woodhead

 

 

There followed a brief adjournment.

 

After the adjournment the debate progressed on to the substantive motion.  It was noted that the proposed budget included grants to sports organisations and voluntary groups.  There were concerns about the house building programme, car parking charges and the increase in prices for garden waste bins.

 

Discussion progressed on to homelessness, the East Midlands Combined Authority, affordable housing and austerity.

 

In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014, a recorded vote was required. The voting was as follows:

 

For

Against

Abstain

D Bagshaw

L A Ball BEM

P Bales

M Brown

R E Bofinger

G S Hills

R Bullock

H G Khaled MBE

B C Carr

A Kingdon

C Carr

H Land

S J Carr

J M Owen

A Cooper

 

P J Owen

T A Cullen

 

D D Pringle

S Dannheimer

 

A W G A Stockwell

H J Faccio

 

D K Watts

R S Falvey

 

 

S P Jeremiah

 

 

D L MacRae

 

 

R D MacRae

 

 

G Marshall

 

 

J W McGrath

 

 

W Mee

 

 

M Radulovic MBE

 

 

H E Skinner

 

 

P A Smith

 

 

V C Smith

 

 

C M Tideswell

 

 

S Webb

 

 

E Williamson

 

 

E Winfield

 

 

K Woodhead

 

 

 

RESOLVED that:

 

1.         The recommendations arising from the Cabinet meeting of 6 February 2024 as set out below be approved and adopted.

 

·           The Housing Revenue Account budget as submitted be approved.

·           The General Fund revenue budgets as submitted be approved.

·           The capital submissions and priorities within them be approved and the Deputy Chief Executive be authorised to arrange the financing of the capital programme as necessary.

·           An amount of £50,000 be provided for a General Contingency in 2024/25.

·           The Council Tax Requirement for 2024/25 including special expenses (but excluding local precepting requirements) be £6,601,729.

·           An amount of £2,070,092 be withdrawn from the General Fund reserves in 2024/25 to include:

a)     £820,670 from General Fund balances.

b)     £1,249,422 from General Fund earmarked reserves.

·           The Capital Strategy 2024/25 to 2026/27 be approved.

·           The Minimum Revenue Provision policy as set out be approved.

·           The Treasury Management Strategy 2024/25 to 2026/27 be approved.

·           The Investments Strategy 2024/25 to 2026/27 be approved.

·           The General Fund Medium Term Financial Strategy to 2027/28 be approved.

 

2.         It be noted that Cabinet, at its meeting on 5 December 2023, approved the following amounts for the year 2024/25 in accordance with the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012:

 

(a)     35,224.25 being the amount calculated by the Council, in accordance with regulation 3 of the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012, as its council tax base for the year.

 

(b)    Part of the Council's area

Parish of Awsworth                                                  596.93

Parish of Brinsley                                                     752.36

Parish of Cossall                                                       242.81

Parish of Eastwood                                               3,092.46

Parish of Greasley                                                 3,753.90

Parish of Kimberley                                              1,898.21

Parish of Nuthall                                                    2,255.75

Parish of Stapleford                                              4,240.31

Parish of Trowell                                                       838.10

Beeston Special Expense Area                       17,379.01

 

being the amounts calculated by the Council, in accordance with regulation 6 of the Regulations as the amounts of its council tax base for the year for dwellings in those parts of its area to which one or more special items relate.

 

The amount calculated for dwellings in those parts of its area to which no special item relates is 174.41.

 

3.      The following amounts be now calculated by the Council for the year 2024/25 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 (the Act) as amended:

 

(a)   £59,684,703       being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (2) of the Act.

 

(b)   £51,947,520       being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (3) of the Act.

 

(c)      £7,737,183       being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with Section 31A (4) of the Act, as its council tax requirement for the year.

 

(d)           £219.66       being the amount at 3(c) above divided by the amount at 2(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.

 

(e)      £1,135,454       being the aggregate amount of all special items (including parish precepts and special expenses) referred to in Section 34(1) of the Act.

 

(f)            £187.42       being the amount at 3(d) above less the result given by dividing the amount at 3(e) above by the amount at 2(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 relates.

 

(g)    Part of the Council's Area

Parish of Awsworth                                               £335.63

Parish of Brinsley                                                   £297.89

Parish of Cossall                                                    £243.84

Parish of Eastwood                                                £226.64

Parish of Greasley                                                  £248.37

Parish of Kimberley                                               £261.49

Parish of Nuthall                                                     £242.03

Parish of Stapleford                                               £240.11

Parish of Trowell                                                     £291.55

Beeston Special Expense Area                          £188.89

 

being the amounts given by adding to the amount at 3(f) above the amounts of the special item or items relating to dwellings in those parts of the Council's area mentioned above divided in each case by the amount at 2(b) above, calculated by the Council, in accordance with Section 34(3) of the Act, as the basic amounts of its council tax for the year for dwellings in those parts of its area to which one or more special items relate.

 

 

PART OF THE COUNCIL'S AREA

VALUATION BANDS

A               £

B                  £

C              £

D                 £

E                    £

F                  £

G                 £

H                 £

Parish of Awsworth

223.75

261.05

298.34

335.63

410.21

484.80

559.38

671.26

Parish of Brinsley

198.59

231.69

264.79

297.89

364.09

430.29

496.48

595.78

Parish of Cossall

162.56

189.65

216.75

243.84

298.03

352.21

406.40

487.68

Parish of Eastwood

151.09

176.28

201.46

226.64

277.00

327.37

377.73

453.28

Parish of Greasley

165.58

193.18

220.77

248.37

303.56

358.76

413.95

496.74

Parish of Kimberley

174.33

203.38

232.44

261.49

319.60

377.71

435.82

522.98

Parish of Nuthall

161.35

188.25

215.14

242.03

295.81

349.60

403.38

484.06

Parish of Stapleford

160.07

186.75

213.43

240.11

293.47

346.83

400.18

480.22

Parish of Trowell

194.37

226.76

259.16

291.55

356.34

421.13

485.92

583.10

Beeston Special Expense Area

125.93

146.91

167.90

188.89

230.87

272.84

314.82

377.78

All other parts of the Council’s Area

124.95

145.77

166.60

187.42

229.07

270.72

312.37

374.84

 

being the amounts given by multiplying the amounts at 3(f) and 3(g) 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.

 

4.      That it be noted for the year 2024/25, the Nottinghamshire and City of Nottingham Fire and Rescue Authority, Nottinghamshire County Council and the Nottinghamshire Police and Crime Commissioner are proposing 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:

 

PRECEPTING AUTHORITY

VALUATION BANDS

A               £

B                  £

C              £

D                 £

E                    £

F                  £

G                 £

H                 £

Nottinghamshire County Council

1,204.72

1,405.51

1,606.29

1,807.08

2,208.65

2,610.23

3,011.80

3,614.16

Nottinghamshire Police and Crime Commissioner

188.10

219.45

250.80

282.15

344.85

407.55

470.25

564.30

Nottinghamshire and City of Nottingham Fire and Rescue Authority

61.47

71.72

81.96

92.21

112.70

133.19

153.68

184.42

 

 

5.         That, having calculated the aggregate in each case of the amounts at 3(h) and 4 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 2024/25 for each of the categories of dwellings shown below:

 

 

PART OF THE COUNCIL'S AREA

VALUATION BANDS

A               £

B                  £

C              £

D                 £

E                    £

F                  £

G                 £

H                 £

Parish of Awsworth

1,678.04

1,957.73

2,237.39

2,517.07

3,076.41

3,635.77

4,195.11

5,034.14

Parish of Brinsley

1,652.88

1,928.37

2,203.84

2,479.33

3,030.29

3,581.26

4,132.21

4,958.66

Parish of Cossall

1,616.85

1,886.33

2,155.80

2,425.28

2,964.23

3,503.18

4,042.13

4,850.56

Parish of Eastwood

1,605.38

1,872.96

2,140.51

2,408.08

2,943.20

3,478.34

4,013.46

4,816.16

Parish of Greasley

1,619.87

1,889.86

2,159.82

2,429.81

2,969.76

3,509.73

4,049.68

4,859.62

Parish of Kimberley

1,628.62

1,900.06

2,171.49

2,442.93

2,985.80

3,528.68

4,071.55

4,885.86

Parish of Nuthall

1,615.64

1,884.93

2,154.19

2,423.47

2,962.01

3,500.57

4,039.11

4,846.94

Parish of Stapleford

1,614.36

1,883.43

2,152.48

2,421.55

2,959.67

3,497.80

4,035.91

4,843.10

Parish of Trowell

1,648.66

1,923.44

2,198.21

2,472.99

3,022.54

3,572.10

4,121.65

4,945.98

Beeston Special Expense Area

1,580.22

1,843.59

2,106.95

2,370.33

2,897.07

3,423.81

3,950.55

4,740.66

All other parts of the Council’s Area

1,579.24

1,842.45

2,105.65

2,368.86

2,895.27

3,421.69

3,948.10

4,737.72

 

Supporting documents: