Agenda item
Revenue Budget and Precept 2018/19 and Capital Programme 2018/19 to 2020/21
To consider a report of the Leader and the recommendations of Cabinet for the Revenue Budget and Precept for 2018/19 and the Capital Programme for 2018/19 to 2020/21.
Minutes:
The Leader presented his Budget Speech regarding the Revenue Budget and Precept for 2018/19 (Item 9 in the Minute Book) and was assisted by Councillor Mel Kendal, the Executive Member for Economic Development in regard to the Capital Programme for the period 2018/19 to 2020/21.
In commending the revenue budget proposals the Leader highlighted continuing challenges, namely demographic pressures – growing demand for social care for the elderly, for vulnerable adults and for young children, inflation – a 2% salary increase was being budgeted for, and the reducing Revenue Support Grant from Government which would eventually reduce to zero. Due to these challenges and to protect services in the face of on-going major financial pressure, a Council Tax Precept of 5.99% was proposed, which would remain one of the lowest in the country. The County Council was required to set a balanced budget and this was achievable as a result of a clear strategy and careful financial management.
In regard to the Capital Programme, the Executive Member for Economic Development highlighted a number of key points: a further £26m for the provision of 90 more units for adults with disabilities in Basingstoke, New Milton, Aldershot, Eastleigh and Fareham; increasing the number of children’s social workers and addressing the increasing demands of Home to School Transport; investment in libraries, country parks and outdoor centres and the revised PFI financing for the street lighting contract resulting in £1m per year in savings which had reduced the need to find savings in Household Waste Recycling Centres. The Executive Member drew Members attention to the urgent schemes listed in Appendix 2, which required the Council’s approval including the Redbridge flyover, the Winchester Leisure complex and the Basingstoke Canal.
Opposition Group Leaders responded to the proposals. During the course of a full
debate, views in support of, or raising concern, about the
proposals were expressed.
No Amendments were moved therefore the
recommendations were put to the vote in accordance with Standing
Order 22.2, the outcome of which was recorded as follows:
FOR
48
Councillors: Bennison, Birkett, Boiles,
Branson, Briggs, Brooks, Carew, Carpenter, Carter, Chadd, Choudhary, Rod
Cooper, Dibbs, Fairhurst, Forster,
Gibson, Glen, Grajewski, Harvey,
Hayre, Heron, Hughes, Humby, Huxstep, Joy,
Kemp-Gee, Kendal, Latham, Locke, Mans, McEvoy, McNair Scott,
Mellor, Mitchell, Mocatta, Oppenheimer,
Penman, Perry, Philpott, Quantrill, Reid, Stallard, Still, Taylor, Thacker, Rhydian, Warwick,
White,
AGAINST 20
Councillors: Chegwyn, Clarke,
Collett, Mark Cooper, Craig, Dowden,
Frankum, Harrison, Hiscock, House,
Irish, James, Porter, Price, Simpson, Tennent, Thornton, Tod, Wade,
Westbrook,
ABSTAIN 1
Councillor Burgess
RESOLVED:
A. Revenue
Budget and Precept 2018/19
That the County Council approves:
a) The
Treasurer’s report under Section 25 of the Local Government
Act 2003 (Appendix 7 to Annex A) and take this into account when
determining the budget and precept for 2018/19.
b)
The Revised Budget for 2017/18 set out in Appendix 1
to Annex A.
c) The
Revenue Budget for 2018/19 as set out in Annex 1 to this Part I
report.
d) Funding for one off revenue priorities linked to the development
of capital investment totalling £3.045m as set out in
paragraphs 5.25 to 5.36 of Annex A.
e) The
strategy for dealing with new capital investment priorities as set
out in Section 6, together with the addition of new schemes
totalling £15.78m (net) as detailed in Appendix 2 to Annex
A.
f) The changes to ETE savings proposals as outlined in paragraphs
9.8 to 9.14 of Annex A, together with the proposed increase in
corporate housekeeping savings that will be met from additional
council tax income generated from the 1% increase in
2018/19.
g) Recurring funding from 2018/19 onwards of £3.2m rising to
£3.7m per annum, to be held within contingencies, to partly
cover the forecast increased costs for Children Looked
After.
h) That
the total budget requirement
for the general expenses of the County Council for
the year beginning 1 April 2018, be £751,701,377.
i)
That the council tax
requirement for the County Council for
the year beginning 1 April 2018, be £608,452,465.
j) That the County Council’s band D council tax for the year beginning 1 April 2018 be £1,200.96, an increase of 5.99% of which 3% is specifically for adults’ social care.
k) The
County Council’s council tax for the year beginning 1 April
2018 for properties in each tax band be:
|
£ |
Band A |
800.64 |
Band B |
934.08 |
Band C |
1,067.52 |
Band D |
1,200.96 |
Band E |
1,467.84 |
Band F |
1,734.72 |
Band G |
2,001.60 |
Band H |
2,401.92 |
l)
Precepts be issued totalling £608,452,465 on
the billing authorities in Hampshire, requiring the payment in such
instalments and on such date set by them previously notified to the
County Council, in proportion to the tax base of each billing
authorities area as determined by them and as set out
below:
Basingstoke and Deane |
64,085.00 |
East Hampshire |
49,459.56 |
Eastleigh |
44,805.97 |
Fareham |
42,605.30 |
Gosport |
26,524.90 |
Hart |
40,392.40 |
Havant |
40,704.00 |
New Forest |
70,621.00 |
Rushmoor |
30,971.38 |
Test Valley |
48,079.00 |
Winchester |
48,389.90 |
m) The Treasury Management Strategy and the Annual Investment
Strategy for 2018/19 (and the remainder of 2017/18) as set out in
Appendix 8 to Annex A be approved, including:
·
The Prudential Indicators for 2018/19, 2019/20 and
2020/21. (Appendix 8 - Annex C).
·
The Minimum Revenue Provision (MRP) Statement
(Appendix 8 - Annex D).
·
The delegation of authority to the Director of
Corporate Resources to manage the Council’s investments
according to the risk assessment process in the Investment Strategy
as appropriate.
·
Investments of up to £35m for up to 20 years
in the Manydown joint venture in which
the County Council has a significant interest.
· The delegation of authority to the Director of Corporate Resources to approve investments in the Manydown joint venture in consultation with the Executive Member for Policy and Resources.
B. Capital Programme 2018/19 – 2020/21
That the County Council approve:
n) The
capital programme for 2018/19 and the provisional programmes for
2019/20 and 2020/21 as set out in Appendix 3 to Annex B.
o) The new capital schemes contained in Appendix 4 to Annex B.
Supporting documents:
- Opening Debate by the Leader, item 53. PDF 63 KB
- Debate Speech - Executve Member for Economic Development, item 53. PDF 72 KB
- Part I Council Revenue and Capital report, item 53. PDF 78 KB
- Cabinet Revenue Report, item 53. PDF 250 KB
- Revenue Appendix 1 - Revised Budget 2017-18, item 53. PDF 56 KB
- Revenue Appendix 2 - Capital Investment Priorities, item 53. PDF 52 KB
- Revenue Appendix 3 - Final Cash Limit Calculation 2018-19, item 53. PDF 54 KB
- Revenue Appendix 4 - Proposed Dept Service Budgets 2018-19, item 53. PDF 78 KB
- Revenue Appendix 5 - Proposed General Fund Revenue Budget 2018-19, item 53. PDF 55 KB
- Revenue Appendix 6 - Reserves Strategy, item 53. PDF 91 KB
- Revenue Appendix 7 - Section 25 Report from CFO, item 53. PDF 96 KB
- Revenue Appendix 8 - Treasury Management Strategy & Investment Strategy, item 53. PDF 219 KB
- Revenue Appendix 9 - Consultation, item 53. PDF 96 KB
- Cabinet Capital Programme Report, item 53. PDF 128 KB
- Capital Appendix 1, item 53. PDF 46 KB
- Capital Appendix 2, item 53. PDF 74 KB
- Capital Appendix 3, item 53. PDF 227 KB
- Capital Appendix 4, item 53. PDF 52 KB