Agenda item
Report of the Cabinet Meeting of 11th February 2009
To consider the proposals of the Executive in relation to the Budget and Council Tax 2009/10.
The Budget 2009/2010 Document Pack (Document Pack 1) was circulated to all Councillors in advance of the Cabinet Meeting of 11th February and Members are asked to bring their copy of this pack to the Council Meeting.
Further documents including the report of the Cabinet Meeting of 11th February; the Budget Motion from the Lead Member for Resources and Performance; and additional appendices circulated for the Cabinet Meeting, are contained in Document Pack 2 which is circulated with this agenda.
For ease of reference an index to the items contained in Document Packs 1 and 2 is included in agenda item 5.1 attached.
Decision:
Two amendments to the Cabinet’s budget proposals, moved by Councillor Tim Archer and Councillor Stephanie Eaton respectively, were each debated and defeated.
DECISION
1. General Fund Revenue Budget and Medium Term Financial Plan 2009/10 to 2011/12 (CAB 120/089, CAB 127/089)
a) To agree a total Budget Requirement for Tower Hamlets in 2009/10 of £297,926,000.
b) To agree a Council Tax for Tower Hamlets in 2009/10 of £885.52 at Band D, as detailed in the table below:-
|
|
2008/09 |
|
2009/10 |
|
|
|
£ |
|
£ |
|
|
|
|
|
|
|
|
90,166,427 |
|
89,547,000 |
|
|
Children’s Services |
|
90,298,089 |
|
96,795,000 |
|
Development and Renewal |
|
16,030,500 |
|
17,702,000 |
|
Communities, Localities and Culture |
|
72,391,081 |
|
74,499,000 |
|
Resources |
|
11,183,807 |
|
15,904,000 |
|
Chief Executive’s |
|
11,497,412 |
|
10,871,000 |
|
Corporate/Capital |
|
19,156,000 |
|
14,174,000 |
|
|
|
310,723,315 |
|
319,492,000 |
|
Corporate Contingency |
|
584,000 |
|
- |
|
Local Public Service Agreement |
|
(610,000) |
|
(660,000) |
|
Parking Control Account |
|
(2,685,000) |
|
(3,040,000) |
|
Housing Choice Earmarked Reserve |
|
1,978,000 |
|
- |
|
Efficiency Reserve |
|
689,000 |
|
689,000 |
|
Asset Management Reserve |
|
500,000 |
|
- |
|
Insurance Fund |
|
500,000 |
|
500,000 |
|
Area Based Grant income |
|
(17,381,316) |
|
(19,055,000) |
|
General Balances |
|
1,200,000 |
|
0 |
|
|
|
295,498,000 |
|
297,926,000 |
|
RSG |
|
(27,493,996) |
|
(42,909,651) |
|
NNDR |
|
(197,502,810) |
|
(185,906,640) |
|
|
|
70,501,194 |
|
69,109,709 |
|
Collection Fund Surplus/Deficit |
|
(1,505,000) |
|
2,000,000 |
|
|
|
68,996,194 |
|
71,109,709 |
|
Council Tax Base |
|
79,705 |
|
80,303 |
|
COUNCIL TAX AT BAND D |
|
£865.64 |
|
£885.52 |
|
Resulting in a Council Tax for all other band taxpayers, before any discounts, and excluding the GLA precept, as set out in the Table below:-
BAND |
PROPERTY VALUE |
RATIO TO BAND D |
LBTH COUNCIL TAX FOR EACH BAND |
|
|
FROM |
TO |
|
£ |
A |
0 |
40,000 |
6/9 |
£590.35 |
B |
40,001 |
52,000 |
7/9 |
£688.74 |
C |
52,001 |
68,000 |
8/9 |
£787.13 |
D |
68,001 |
88,000 |
9/9 |
£885.52 |
E |
88,001 |
120,000 |
11/9 |
£1,082.30 |
F |
120,001 |
160,000 |
13/9 |
£1,279.08 |
G |
160,001 |
320,000 |
15/9 |
£1,475.87 |
H |
320,001 |
and over |
18/9 |
£1,771.04 |
c) To agree that for the London Borough of Tower Hamlets in 2009/2010:-
(i) The Council Tax for Band D taxpayers, before any discounts, and including the GLA precept, shall be £1,195.34 as shown below: -.
|
£ (Band D, No Discounts) |
LBTH |
885.52 |
GLA |
309.82 |
Total |
1,195.34 |
(ii) The Council Tax for taxpayers in all other bands, before any discounts, and including the GLA precept, shall be as detailed in the table below: -
BAND |
PROPERTY VALUE |
RATIO TO BAND D |
LBTH |
GLA |
TOTAL |
||
FROM |
TO |
£ |
£ |
£ |
|||
A |
0 |
40,000 |
6/9 |
£590.35 |
£206.55 |
£796.90 |
|
B |
40,001 |
52,000 |
7/9 |
£688.74 |
£240.97 |
£929.71 |
|
C |
52,001 |
68,000 |
8/9 |
£787.13 |
£275.40 |
£1,062.53 |
|
D |
68,001 |
88,000 |
9/9 |
£885.52 |
£309.82 |
£1,195.34 |
|
E |
88,001 |
120,000 |
11/9 |
£1,082.30 |
£378.67 |
£1,460.97 |
|
F |
120,001 |
160,000 |
13/9 |
£1,279.08 |
£447.52 |
£1,726.60 |
|
G |
160,001 |
320,000 |
15/9 |
£1,475.87 |
£516.37 |
£1,992.24 |
|
H |
320,001 |
and over |
18/9 |
£1,771.04 |
£619.64 |
£2,390.68 |
d) To approve the statutory calculations of this Authority’s total Budget requirement in 2009/2010, detailed in Appendix A to the motion, undertaken by the Chief Financial Officer in accordance with the requirements of Sections 32 to 36 of the Local Government Finance Act 1992, and referred to in paragraphs 20.3-20.6 of the report ‘General Fund Revenue Budget and Medium Term Financial Plan 2009/10 to 2011/12’ (CAB 120/089).
2. Capital Programme 2009/10 to 2011/12 (CAB 121/089)
(a) To approve the allocation of resources, provided by the Government and other funding bodies for specific purposes, to support Directorate Mainstream Capital Programmes, as set out in Appendix 2to the report (CAB 121/089) and summarised in the table below:-
|
£ million |
Adults, Health & Wellbeing
|
0.387 |
Children’s Services
|
17.730 |
Communities, Localities & Culture
|
2.456 |
Development & Renewal
|
43.417 |
TOTAL
|
63.990 |
(b) To approve the formal inclusion of the Local Priority schemes for 2009/10 and later years previously agreed by the Cabinet, as set out at Appendix 4; and unavoidable and risk items set out at Appendix 5 of the report (CAB 121/089) in the Capital Programme.
(c) To approve the additional proposals for the Local Priorities Capital Programme 2009/10 and capital forecasts for 2010/11 and 2011/12, as set out at Appendix 6 of the report (CAB 121/089)
3. 2009/10 Prudential Indicators (CAB 122/089)
a) To adopt the following Operational Boundaries for External Debt:-
b) To adopt the following Authorised Limits for External Debt:-
c) To note the following financial indicators, as required under the Prudential Borrowing Code:-
4. Treasury Management Strategy Statement, Minimum Revenue Provision Policy Statement and Annual Investment Strategy 2009/10 (CAB 123/089)
To adopt the Treasury Management Strategy Statement (at sections 4-9), the Annual Investment Strategy (at section 10) and the Minimum Revenue Provision Policy Statement (at section 11 as set out in the report‘Treasury Management Strategy Statement, Minimum Revenue Provision Policy Statement and Annual Investment Strategy 2009/10’ (CAB 123/089).
(Action by: Corporate Director Resources, C. Naylor)
Minutes:
The Council considered the report of the Cabinet meeting on 11th February 2009 containing the proposals of the Executive for the Council’s Budget and Council Tax for 2009/10.
Two amendments had been notified in advance in accordance with the Council Procedure Rules and these amendments, together in each case with officer comments, were circulated to the meeting in the pack of tabled documents.
MOVED by Councillor Joshua Peck and SECONDED by Councillor Lufur Rahman, that the recommendations contained in the 11th February 2009 report of the Cabinet be agreed.
MOVED as an amendment by Councillor Timothy Archer, SECONDED by Councillor David Snowdon, that the motion be amended as per the tabled motion from Councillor Archer (attached at Appendix A).
MOVED as a further amendment by Councillor Stephanie Eaton, SECONDED by Councillor Tim O’Flaherty, that the motion be amended as per the tabled motion from Councillor Eaton (attached at Appendix B).
Following debate, the amendment MOVED by Councillor Timothy Archer was first put to the meeting and was DEFEATED.
The amendment MOVED by Councillor Stephanie Eaton was then put to the meeting and was DEFEATED.
The original motion MOVED by Councillor Joshua Peck was then put to the meeting and it was
RESOLVED
1. General Fund Revenue Budget and Medium Term Financial Plan 2009/10 to 2011/12 (CAB 120/089, CAB 127/089)
a) To agree a total Budget Requirement for Tower Hamlets in 2009/10 of £297,926,000.
b) To agree a Council Tax for Tower Hamlets in 2009/10 of £885.52 at Band D, as detailed in the table below:-
|
|
2008/09 |
|
2009/10 |
|
|
|
£ |
|
£ |
|
|
|
|
|
|
|
|
90,166,427 |
|
89,547,000 |
|
|
Children’s Services |
|
90,298,089 |
|
96,795,000 |
|
Development and Renewal |
|
16,030,500 |
|
17,702,000 |
|
Communities, Localities and Culture |
|
72,391,081 |
|
74,499,000 |
|
Resources |
|
11,183,807 |
|
15,904,000 |
|
Chief Executive’s |
|
11,497,412 |
|
10,871,000 |
|
Corporate/Capital |
|
19,156,000 |
|
14,174,000 |
|
|
|
310,723,315 |
|
319,492,000 |
|
Corporate Contingency |
|
584,000 |
|
- |
|
Local Public Service Agreement |
|
(610,000) |
|
(660,000) |
|
Parking Control Account |
|
(2,685,000) |
|
(3,040,000) |
|
Housing Choice Earmarked Reserve |
|
1,978,000 |
|
- |
|
Efficiency Reserve |
|
689,000 |
|
689,000 |
|
Asset Management Reserve |
|
500,000 |
|
- |
|
Insurance Fund |
|
500,000 |
|
500,000 |
|
Area Based Grant income |
|
(17,381,316) |
|
(19,055,000) |
|
General Balances |
|
1,200,000 |
|
0 |
|
|
|
295,498,000 |
|
297,926,000 |
|
RSG |
|
(27,493,996) |
|
(42,909,651) |
|
NNDR |
|
(197,502,810) |
|
(185,906,640) |
|
|
|
70,501,194 |
|
69,109,709 |
|
Collection Fund Surplus/Deficit |
|
(1,505,000) |
|
2,000,000 |
|
|
|
68,996,194 |
|
71,109,709 |
|
Council Tax Base |
|
79,705 |
|
80,303 |
|
COUNCIL TAX AT BAND D |
|
£865.64 |
|
£885.52 |
|
Resulting in a Council Tax for all other band taxpayers, before any discounts, and excluding the GLA precept, as set out in the Table below:-
BAND |
PROPERTY VALUE |
RATIO TO BAND D |
LBTH COUNCIL TAX FOR EACH BAND |
|
|
FROM |
TO |
|
£ |
A |
0 |
40,000 |
6/9 |
£590.35 |
B |
40,001 |
52,000 |
7/9 |
£688.74 |
C |
52,001 |
68,000 |
8/9 |
£787.13 |
D |
68,001 |
88,000 |
9/9 |
£885.52 |
E |
88,001 |
120,000 |
11/9 |
£1,082.30 |
F |
120,001 |
160,000 |
13/9 |
£1,279.08 |
G |
160,001 |
320,000 |
15/9 |
£1,475.87 |
H |
320,001 |
and over |
18/9 |
£1,771.04 |
c) To agree that for the London Borough of Tower Hamlets in 2009/2010:-
(i) The Council Tax for Band D taxpayers, before any discounts, and including the GLA precept, shall be £1,195.34 as shown below: -.
|
£ (Band D, No Discounts) |
LBTH |
885.52 |
GLA |
309.82 |
Total |
1,195.34 |
(ii) The Council Tax for taxpayers in all other bands, before any discounts, and including the GLA precept, shall be as detailed in the table below: -
BAND |
PROPERTY VALUE |
RATIO TO BAND D |
LBTH |
GLA |
TOTAL |
||
FROM |
TO |
£ |
£ |
£ |
|||
A |
0 |
40,000 |
6/9 |
£590.35 |
£206.55 |
£796.90 |
|
B |
40,001 |
52,000 |
7/9 |
£688.74 |
£240.97 |
£929.71 |
|
C |
52,001 |
68,000 |
8/9 |
£787.13 |
£275.40 |
£1,062.53 |
|
D |
68,001 |
88,000 |
9/9 |
£885.52 |
£309.82 |
£1,195.34 |
|
E |
88,001 |
120,000 |
11/9 |
£1,082.30 |
£378.67 |
£1,460.97 |
|
F |
120,001 |
160,000 |
13/9 |
£1,279.08 |
£447.52 |
£1,726.60 |
|
G |
160,001 |
320,000 |
15/9 |
£1,475.87 |
£516.37 |
£1,992.24 |
|
H |
320,001 |
and over |
18/9 |
£1,771.04 |
£619.64 |
£2,390.68 |
d) To approve the statutory calculations of this Authority’s total Budget requirement in 2009/2010, detailed in Appendix A to the motion, undertaken by the Chief Financial Officer in accordance with the requirements of Sections 32 to 36 of the Local Government Finance Act 1992, and referred to in paragraphs 20.3-20.6 of the report ‘General Fund Revenue Budget and Medium Term Financial Plan 2009/10 to 2011/12’ (CAB 120/089).
2. Capital Programme 2009/10 to 2011/12 (CAB 121/089)
(a) To approve the allocation of resources, provided by the Government and other funding bodies for specific purposes, to support Directorate Mainstream Capital Programmes, as set out in Appendix 2to the report (CAB 121/089) and summarised in the table below:-
|
£ million |
Adults, Health & Wellbeing
|
0.387 |
Children’s Services
|
17.730 |
Communities, Localities & Culture
|
2.456 |
Development & Renewal
|
43.417 |
TOTAL
|
63.990 |
(b) To approve the formal inclusion of the Local Priority schemes for 2009/10 and later years previously agreed by the Cabinet, as set out at Appendix 4; and unavoidable and risk items set out at Appendix 5 of the report (CAB 121/089) in the Capital Programme.
(c) To approve the additional proposals for the Local Priorities Capital Programme 2009/10 and capital forecasts for 2010/11 and 2011/12, as set out at Appendix 6 of the report (CAB 121/089)
3. 2009/10 Prudential Indicators (CAB 122/089)
a) To adopt the following Operational Boundaries for External Debt:-
b) To adopt the following Authorised Limits for External Debt:-
c) To note the following financial indicators, as required under the Prudential Borrowing Code:-
4. Treasury Management Strategy Statement, Minimum Revenue Provision Policy Statement and Annual Investment Strategy 2009/10 (CAB 123/089)
To adopt the Treasury Management Strategy Statement (at sections 4-9), the Annual Investment Strategy (at section 10) and the Minimum Revenue Provision Policy Statement (at section 11 as set out in the report ‘Treasury Management Strategy Statement, Minimum Revenue Provision Policy Statement and Annual Investment Strategy 2009/10’ (CAB 123/089).
Supporting documents:
- Covering Report - Budget, item 5.1 PDF 34 KB
- Budget Document Packs Main Index v1, item 5.1 PDF 25 KB