Issue - meetings
Revenue Budget 2018-19 (Final)
Meeting: 21/02/2018 - Cabinet (Item 2455)
2455 Detailed Revenue Budget for 2018-19 
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Councillor Williams
To consider the detailed Revenue Budget for 2018/19 and make recommendations to Council.
Additional documents:
Minutes:
Cabinet considered the Detailed Revenue Budget for 2018 – 2019.
The Revenue Budget shows a very positive picture in that a balanced budget has been put forward without the use of reserves, with investment being made in retaining staff, addressing resourcing issues in areas like Property, Management, Finance and Legal and also maintaining the Council’s assets and making revenue contributions to Capital.
Resolved to recommend to Council:
1. Participating in the Surrey wide 2018/19 Business Rates Retention pilot scheme.
2. Continuing the Council’s Local Council Tax Support Scheme with the current rules and regulations.
3. Continuing the complete disregard of war pension /armed forces pension income from benefit calculations.
4. The growth and savings items as set out in the report’s appendices.
5. The Council Tax Base for the whole council area for 2018-19. [Item T in the formula in Section 31b(3) of the local government Finance Act 1992, as amended (the “act”)] should be 39,280.00 band D equivalent dwellings and calculate that the Council Tax requirement for the Council’s own purpose for 2018-2019 is £197.44 Per Band D equivalent dwelling.
6. To approve a £5 or 2.6% increase on Band D in the Spelthorne Borough Council element of the Council Tax for 2018-19. Moreover:
a) The revenue estimates as set out in Appendix 1 be approved.
b) No Money, as set out in this report is appropriated from General Reserves in support of Spelthorne’s local Council tax for 2018/19.
c) To agree that the Council Tax base for the year 2018/19 is 39,280.00 band D equivalent dwellings calculated in accordance with regulation 3 of the Local Authorities (Calculation of Council tax base) Regulations 1992, as amended, made under Section 35(5) of the Local Government Finance Act 1992.
That the following sums be now calculated by the Council for the year 2018/19 in accordance with Section 31 to 36 of the Local Government Act 1992.
|
A |
87,047,100 |
Being the aggregate of the amount which the council estimates for the items set out in Section31A(2) of the Act taking into account all precepts issued to it by Parish Councils. |
|
B |
79,291,700 |
Being the aggregate of the amount which the Council estimates for the items set out in Section 31A(3) of the Act |
|
C |
7,755,400 |
Being the amount at 3(c) above (Item R), all divided by Item T (2 above) calculated by the Council in accordance with Section 31B(1) of the Act, as the basic amount of its Council tax for the year (including Parish precepts) |
|
D |
197.44 |
Being the amount at 3(c)above(item R), all dividend by item T(2above) calculated by the Council in accordance with Section31B(1) of the act, as the basic amount of its Council Tax for the year(including Parish precepts) |
|
E |
0 |
Being the aggregate amount of all special items (Parish precepts) referred to in Section 34(1) of the Act. |
|
F |
197.44 |
Being the amount at 3(d) above less the result given by dividing the amount at 3 (e) above by Item T(2 above), calculated by ... view the full minutes text for item 2455 |