Agenda item

THE COUNCIL'S BUDGET 2017-18

A.    To consider the report of Cabinet (attached).

 

B.   To note the decision of the Greater London Authority on its budget and percept for 2017/18 and the effect thereof on the Council’s budget.

 

C.   To agree a budget for 2017/18; and then

 

D.   To set the Council Tax for 2017/18

 

NOTE: THE REPORT TO CABINET ON 8 FEBRUARY 2017 IS ALSO ATTACHED FOR REFERENCE.

 

 

Decision:

After debate, recommendations of Cabinet, including additional recommendation that the Treasury Management Strategy Statement which was reported to Cabinet on 8 February 2017 and attached to the report to Council at annex C, AGREED by 31 votes to 9.

 

Council Tax for 2017/18 set at £1597.73 for a Band D property.

Minutes:

Council had before it a report of the Cabinet (incorporating the budget proposals for 2017/18). This referred to the reports presented to Cabinet at its meeting on 8 February 2017.

 

An additional recommendation to the report was proposed by the Conservative Group as follows:

 

That the Treasury Management Strategy Statement 2017/18 which was reported to Cabinet on 8 February 2017 and was appended to the report at Annex C be approved.

 

Following debate, the recommendations of Cabinet, including the additional recommendation that the Treasury Management Strategy Statement which was reported to Cabinet on 8 February 2017 and attached to the report to Council at annex C be approved were AGREED by 31 votes to 9 (see division 1) and it was RESOLVED:

 

1.         That the following as submitted in the report to Cabinet be approved:

 

a)         The General Fund revenue budget for 2017/18, as set out in the revised Appendix E attached to the report before Council.

 

b)        The delegated schools’ budget for 2017/18, as set out in Appendix F of the report to Cabinet.

 

c)         The Capital Programme for 2017/18, as set out in Paragraph 3.28 and Appendix I of the report to Cabinet.

 

d)                     The HRA Capital Programme 2017/18, as set out in the separate report to Cabinet on 8 February.

 

e)         The Treasury Management Strategy Statement 2017/18, as set out in the separate to Cabinet on 8 February and as set out in Annex C of the report before Council.

 

2.         That, in accepting recommendation 1, Council is mindful of the advice of the Chief Finance Officer as set out in Appendix H of the report to Cabinet and a revised is appended to this report.

 

3.         That it be noted that the Council Tax public engagement exercise carried out during January 2017 was considered by Cabinet when considering the draft financial strategy as detailed in Annex D of the report before Council.

 

4.         That it be noted that the minutes of the Overview and Scrutiny Board that were considered at the Cabinet meeting of 8 February were included at Annex E of the report before Council for information.

.

5.         That it be noted that under delegated powers the Chief Finance Officer has calculated the amount of 86,821 (called T in the Act and Regulations) as its Council Tax base for the year 2017/18 in accordance with regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992 (as amended) made under Section 31B of the Local Government Finance Act 1992 as amended.

 

6.         That the amount of £ 114,404,900 be now calculated as the Council Tax requirement for the Council’s own purposes for 2017/18, with £4,317,608 of that amount being ringfenced for Adult Social Care.

 

7.         That the following amounts be now calculated by the Council for the year 2017/18 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended:

 

 

(a)

£500,074,745

being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2) of the Act.

(b)

(£385,669,845)

being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of the Act.

 

(c)

£114,404,900

being the amount by which the aggregate at 7(a) above exceeds the aggregate at 7(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)

£1,317.71

being the amount at 7(c) above (Item R), all divided by Item T (1(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.

 

 

 

8.         That the Council, in accordance with Sections 30 and 36 of the Local Government Finance Act 1992, hereby sets the amounts shown in the table below as the amounts of Council Tax for 2017/18 for each of the categories of dwellings.

 

 

 

 

 

 

Valuation Bands London Borough of Havering

 

Havering

£     p

Adult Social Care

£     p

Total

£      p

A

845.32

33.15

878.47

B

986.21

38.68

1,024.89

C

1,127.09

44.21

1,171.30

D

1,267.98

49.73

1,317.71

E

1,549.75

60.78

1,610.53

F

1,831.53

71.83

1,903.36

G

2,113.30

82.88

2,196.18

H

2,535.96

99.46

2,635.42

 

 

9.         That it be noted for the year 2017/18 the major precepting authority (the GLA) has 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 the dwellings shown below as proposed by the Mayor and as due to be considered by the London Assembly at its meeting on 20 February 2017.

 

 

 

Valuation Bands Greater London Authority

 

£    p

A

186.68

B

217.79

C

248.91

D

280.02

E

342.24

F

404.47

G

466.70

H

560.04

 

10.       That, having calculated the aggregate in each case of the amounts at 8 and 9 above, the Council, in accordance with Sections 30 and 36 of the Local Government Finance Act 1992, hereby sets the following amounts as the amounts of Council Tax for the year 2017/18 for each of the categories of dwellings shown below:

 

 

 

 

 

 

 

 

 Valuation Bands

£     p

 

 

A

1,065.15

B

1,242.68

C

1,420.21

D

1,597.73

E

1,952.77

F

2,307.83

G

2,662.88

H

3,195.46

 

 

The effect of adopting this resolution would be to set the Council Tax for a Band D property at £1,597.73

 

 

11.      That Council having considered the principles approved under the Local Government Finance Act 1992 by the Secretary of State for Communities and Local Government concludes that the Council’s basic relevant amount of Council Tax for 2017/18 is not excessive.

 

12.      That any Council Tax payer who is liable to pay an amount of Council Tax to the Authority in respect to the year ending on 31 March 2018, who is served with a demand notice under Regulation 20(2) of the Council Tax (Administration and Enforcement) Regulations 1992 as amended and who makes payment to the Authority of the full balance of the estimated amount shown on that demand by 1 April 2017, may deduct a sum equivalent to 1.5% of and from the estimated amount and such reduced amount shall be accepted in full settlement of that estimated amount.

 

13.      That Council agrees that the Capital Programme be expanded for schemes during the year which are funded via additional external funding under the authority of the Cabinet Member for Finance and the relevant service area Cabinet Members.

 

14.      That Council delegates to the Chief Financial Officer approval to amend the Corporate Risk Budget in order to account for any changes which arise as a consequence of the late approval by Parliament of the Local Government financial settlement.

 

Supporting documents: