Agenda item

Detailed Budget 2023/24

To consider the detailed Revenue Budget for 2023-24.

Note: Some agenda items being discussed at Corporate Policy and Resources Committee on 20 February 2023 may impact on this report and it may require updating to account for that Committee’s decision after the meeting.

Minutes:

Council considered the Detailed Revenue Budget for 2023-24.

The representative of the Labour party wished to place on record their thanks to the finance team.

In accordance with standing order 5, It was proposed by Councillor Fidler, seconded by Councillor Barnard and resolved to continue the meeting until the finish of the consideration of this item.

Council resolved to approve:

a 2.9% increase on the Spelthorne Borough Council element of the Council Tax for 2023-24. Moreover:

a. The Revenue estimates as set out in Appendix 1 be approved.

b. No funds, as set out in this report are to appropriate from General Reserves in support of Spelthorne’s local Council tax for 2023-24.

c. To agree that the Council Tax base for the year 2023- 24 is 40,551 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.

Continuing the Council’s Local Council Tax Support Scheme with the current rules and regulations.

Continuing the complete disregard of war pension / armed forces pension income from benefit calculations.

the growth and savings items as set out in the report’s appendices 3, and 4.

the Chief Finance Officer’s commentary in section 4 of the report on the robustness of budget estimates and levels of reserves under sections 25 and 26 of the Local Government Act 2003.

The Council Tax Base for the whole Council area for 2022//23. [Item T in the formula in Section 31b (3) of the local government Finance Act 1992, as amended (the “act”)] should be 40,551 band D equivalent dwellings and calculate that the Council Tax requirement for the Council’s own purpose for 2023-24 is £216.14 Per Band D equivalent dwelling.

That the following sums be now calculated by the Council for the year 2023-24 in accordance with Section 31 to 36 of the Local Government Act 1992.

A	107,487,700	Being the aggregate of the amount which the Council estimates for the items set out in Section 31A (2) of the Act considering all precepts issued to it by Parish Councils.
B	-98,723,000	Being the aggregate of the amount which the Council estimates for the items set out in Section 31A (3) of the Act
C	8,764,700	Being the amount by which the aggregate at (A) above exceeds the aggregate at (B) above, calculated by the Council, in accordance with Section 31A (4) of the Act, as its Council Tax requirement for the year
D	216.14	Being the amount at (C) above divided by the amount at 5c (above), 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	216.14	Being the amount at (D) above less the result given by dividing the amount at (E) above by the amount at 5c (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 on those parts of its area to which no Parish precept relates.

That the following amounts be calculated for the year 2023-24 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by the Localism Act 2011.

144.09

168.11

192.12

216.14

264.17

312.20

360.23

432.28

As required by the Local Authorities (Standing Orders) (England) Regulations 2001 (as amended), Council held a recorded vote on the Revenue Budget 2023/24.

For: S. Doran, M. Attewell, C. Barnard, C. Barratt, R. Barratt, I. Beardsmore, J. Boughtflower, A. Brar, S. Buttar, J. Button, R. Chandler, J Doran, N. Gething, H. Harvey, I. Harvey, K. Howkins, V. Leighton, S. Mooney, O Rybinski, R Sider (20)

Against: (0)

Abstain: D. Saliagopoulos, C. Bateson, M. Beecher, S. Dunn, T. Fidler, M. Gibson, K. Grant, L. Nichols, B. Spoor, S. Whitmore (10)

Supporting documents: