Agenda item

Detailed Budget for 2024/25

Council is asked to approve the recommendations as outlined in the report.

Please note that this report is to be considered by the Corporate Policy & Resources Committee on Monday 19 February 2024 and therefore may be subject to amendments.

Minutes:

Councillor Williams joined the meeting at 19.12 and left at 19.24.

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 (22):	E. Baldock, M. Arnold, C. Bateson, S. Beatty, M. Beecher, H. Boparai, M. Buck, T. Burrell, J. Button, J. Caplin, J. Doran, S. Doran, S. Dunn, A. Gale, R. Geach, D. Geraci, K. Grant, S. Gyawali, L. Nichols, K. Rutherford, J. Sexton, J. Turner
Against (1):	D. Saliagopoulos
Abstain (7):	L. Brennan, D. Clarke, M. Lee, A. Mathur, O. Rybinski, B. Weerasinghe, P. Woodward

Council resolved to approve the following:

1. To approve a 2.9% increase on the Spelthorne Borough Council element of the Council Tax for 2024/25. Moreover:

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

b. £3,115k as set out in the report to be appropriated from General Reserves in support of Spelthorne’s local Council Tax for 2024/25.

c. That the Council Tax Base for the year 2024/25 is 39,241 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.

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

3. Continuing the complete disregards of war pension/armed forces pension income from benefit calculations,

4. To note 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,

5. The Council Tax Base for the whole Council area for 2024/25 (Item T in the formula in Section 31b(3) of the Local Government Finance Act 1992, as amended (the “act”)) should be 39,241 Band D equivalent dwellings and calculate that the Council Tax requirement for the Council’s own purpose for 2024/25 is £222.41 Per Band D equivalent dwelling.

That the following sums be now calculated by the Council for the year 2024/25 in accordance with Section 31 to 36 of the Local Government Act 1992:

A	107,727,200	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	-98,999,600	Being the aggregate of the amount which the Council estimates for the items set out in Section 31A(3) of the Act
C	8,727,600	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) fo the Act, as its Council Tax requirement for the year
D	222.41	Being the amount at (C) above devided by the amount at 5c (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)
E	0	Being the aggregate amount of all special items (Parish precepts) referred to in Section 34(1) of the Act
F	222.41	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 tis area to which no Parish precept relates

That the following amounts be calculated for the year 2024/25 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by the Localism Act 2011.

148.27

172.99

197.70

222.41

271.83

321.26

370.68

444.82

Supporting documents: