A To consider the report of Cabinet of 17 February 2021 (attached).

B To note the decision of the Greater London Authority on its budget and precept for 2021/22 and the effect thereof on the Council’s budget.

C To agree a budget for 2021/22 and then

D To set the Council Tax for 2021/22.

NOTE: ALL RELEVANT REPORTS FROM THE CABINET MEETING OF 17 FEBRUARY 2021 ARE ATTACHED.

Following debate, report of Cabinet AGREED by 30 votes to 7 with 17 abstentions.

Council had before it a report of Cabinet incorporating the budget proposals for 2021/22. This referred to reports presented to Cabinet at its meeting on 17 February 2021 which were also included in the agenda papers for the Council meeting. There had not been any amendments received to the report.

Following debate, the report sand its recommendations were AGREED by 30 votes to 7 with 17 abstentions.

RESOLVED:

1.            That the following as submitted in the report to Cabinet of 17 February 2021 be approved:

·           The General Fund budget for 2021/22

·           The Delegated Schools’ Budget for 2021/22, as set out in section 5.13 of the Cabinet report.

·           The Capital Programme for 2021/22 as set out in the Capital Strategy and Programme Report reported to Cabinet on 17 February 2021.

2.            The Council approve the Council Tax Band D properties and the other Bands of properties, all as set out in Annex C of this report (attached as appendix 2 to these minutes).

3.            The Council delegate authority to the Chief Financial Officer to adjust the Corporate Risk Budget to account for any further variations that may arise.

4.            That, in accepting recommendation 1, Council is mindful of the advice of the Chief Finance Officer as set out in section 13 of the report to Cabinet.

5.            That it be noted that under delegated powers the Chief Finance Officer has calculated the amount of 88,243 (called T in the Act and Regulations) as its Council Tax base for the year 2021/22 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 £134,980,023 be now calculated as the Council Tax requirement for the Council’s own purposes for 2021/22, with £15,479,587 of that amount being ringfenced for Adult Social Care.

7.            That the following amounts be now calculated by the Council for the year 2021/22 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended:

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 2021/22 for each of the categories of dwellings.

9.            That it be noted for the year 2021/22 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.

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 2021/22 for each of the categories of dwellings shown below:

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 2021/22 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 2022, 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 2021, 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 approves that the Council Tax Support Scheme 2020/21 is adopted for 2021/22 as set out in Section 15 of the Cabinet report of 17 February 2021.

14.         That Council approves the Housing Revenue Account (HRA) Major Works Capital Programme, detailed in Appendix 1a of the HRA Budget for 2021/2022 and HRA Major Works Capital Programme 2021/22 – 2025/26 report to Cabinet of 17 February 2021.

15.         That Council approves the HRA Capital expenditure and financing for the 12 Sites Joint Venture, detailed in paragraphs 4.1 to 4.26 and Appendix 1b of the of the HRA Budget for 2021/2022 and HRA Major Works Capital Programme 2021/22 – 2025/26 report to Cabinet of 17 February 2021.

16.         That Council approves the Treasury Management Strategy Statement, Prudential Indicators, and the Minimum Revenue Provision Statement for 2021/22 as shown in the separate report to Cabinet of 17 February 2021.

17.         That Council approves the Capital Strategy and Programme for 2021/22 as shown in the separate report to Cabinet of 17 February 2021.