Issue - meetings
The Council’s 2020-21 Budget Report and Medium Term Financial Strategy 2020-23
Meeting: 19/02/2020 - Council (Item 5)
5 BUDGET AND COUNCIL TAX 2020/21 PDF 249 KB
To consider the proposals of the Mayor and Executive for the Council’s Budget and Council Tax 2020-21, as agreed at the Cabinet Meeting on 29th January 2020.
To also consider the Treasury Management Strategy Statement, Investment Strategy Report and Capital Strategy Report for 2020-21, approved for recommendation to Council by the Audit Committee on 30th January 2020.
Additional documents:
- 5.1 Annex 1 Budget Motion and Council Tax Resolution 2020-21, item 5 PDF 70 KB
- 5.2 Annex 2 Budget Report and MTFS 2020-23, item 5 PDF 640 KB
- 5.3 Annex 2 A1a MTFS Summary, item 5 PDF 27 KB
- 5.4 Annex 2 A1b MTFS Detail by Service Area, item 5 PDF 32 KB
- 5.5 Annex 2 A2 Core Spending Power, item 5 PDF 35 KB
- 5.6 Annex 2 A3 New Growth Proposals 2020-21 to 2022-23, item 5 PDF 274 KB
- 5.7 Annex 2 A4 New Savings Proposals 2020-21 to 2022-23, item 5 PDF 373 KB
- 5.8 Annex 2 A5 Reserves Policy, item 5 PDF 38 KB
- 5.9 Annex 2 A6 Projected Movement in Reserves, item 5 PDF 28 KB
- 5.10 Annex 2 A7 Housing Revenue Account (HRA) Budget Summary, item 5 PDF 28 KB
- 5.11 Annex 2 A8a Provisional Capital Programme Summary, item 5 PDF 32 KB
- 5.12 Annex 2 A8b Provisional Capital Programme, item 5 PDF 40 KB
- 5.13 Annex 2 A9 Budget Consultation 2020-21, item 5 PDF 741 KB
- 5.14 Annex 3 TMSS Investment Strategy and Capital Strategy Report for 2020-21, item 5 PDF 85 KB
- 5.15 Annex 3 App A Treasury Management Strategy Statement, item 5 PDF 144 KB
- 5.16 Annex 3 App B Investment Strategy Report, item 5 PDF 50 KB
- 5.17 Annex 3 App C Capital Strategy Report, item 5 PDF 70 KB
- 5.18 Annex 3 Apps D to H for Treasury Management Strategies, item 5 PDF 84 KB
- Conservative Budget Amendments 2020, item 5 PDF 276 KB
- Conservative Amendment Officer comments 2020, item 5 PDF 180 KB
- Cllr R Khan Budget Amendment February 2020, item 5 PDF 581 KB
- Cllr R Khan Amendment Officer comments 2020, item 5 PDF 182 KB
- Mayor's Response to the OSC Budget Report, item 5 PDF 226 KB
- Webcast for BUDGET AND COUNCIL TAX 2020/21
Decision:
Mayor John Biggs moved, the budget proposals of the Mayor and Executive as set out in the agenda pack. Councillor Candida Ronald seconded the proposals.
Councillor Peter Golds then moved and Councillor Andrew Wood seconded an amendment as set out in the supplementary agenda.
Councillor Rabina Khan then moved and Councillor Harun Miah seconded an amendment as set out in the supplementary agenda.
Following debate, the amendment proposed by Councillor Peter Golds was put to a recorded vote and was defeated.
The amendment proposed by Councillor Rabina Khan was put to a recorded vote and was defeated.
The substantive budget proposals were then put to a recorded vote and were agreed.
DECISION:
General Fund Revenue Budget and Council Tax Requirement 2020-21
1. Approve the Council Tax Resolution, detailed in Appendix A to this motion attached to the Committee report.
2. Agree a General Fund revenue budget of £354.496m and a total Council Tax Requirement for Tower Hamlets in 2020-21 of £108.438m as set out in the table below.
2019-20 |
Savings |
Growth |
One Off Adjustments |
2020-21 |
||||
Total |
Approved |
New |
Approved |
New |
Approved |
New |
Total |
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
Services |
|
|
||||||
Health, Adults & Community |
106,726 |
(1,190) |
(132) |
3,499 |
2,388 |
(2,804) |
- |
108,487 |
Public Health |
34,124 |
- |
- |
- |
921 |
- |
- |
35,045 |
Children & Culture |
98,329 |
(1,500) |
(44) |
(2,032) |
10,596 |
(120) |
- |
105,229 |
Place |
68,382 |
(3,380) |
379 |
(1,578) |
1,464 |
(1,716) |
- |
63,551 |
Governance |
15,377 |
- |
- |
- |
- |
- |
- |
15,377 |
Resources |
15,307 |
(2,120) |
(80) |
- |
1,285 |
(300) |
- |
14,092 |
Net Service Costs |
338,245 |
(8,190) |
123 |
(111) |
16,654 |
(4,939) |
- |
341,781 |
Corporate Costs |
|
|
||||||
Capital Charges |
6,839 |
- |
- |
- |
- |
- |
- |
6,839 |
Levies |
1,892 |
- |
- |
- |
- |
- |
- |
1,892 |
Pensions |
12,790 |
- |
- |
- |
- |
- |
- |
12,790 |
Corporate Contingency |
3,150 |
- |
- |
- |
- |
- |
- |
3,150 |
Other Corporate Costs |
(25,324) |
(6,400) |
3,725 |
- |
2,841 |
- |
- |
(25,158) |
Net Corporate Costs |
(653) |
(6,400) |
3,725 |
- |
2,841 |
- |
- |
(487) |
Inflation |
4,969 |
- |
- |
7,500 |
- |
733 |
- |
13,202 |
Total Funding Requirement |
342,560 |
(14,590) |
3,848 |
7,389 |
19,495 |
(4,206) |
- |
354,496 |
|
|
|
||||||
Revenue Support Grant |
(33,281) |
- |
- |
- |
(542) |
- |
- |
(33,823) |
Retained Business Rates |
(139,555) |
- |
- |
- |
(2,791) |
- |
- |
(142,346) |
Business Rates (London Pilot) |
(4,000) |
- |
- |
- |
2,561 |
- |
- |
(1,439) |
BR Collection Fund Deficit |
|
- |
- |
- |
- |
- |
17,920 |
17,920 |
Collection Fund funding (Reserves) |
|
- |
- |
- |
- |
- |
(17,920) |
(17,920) |
Council Tax |
(100,331) |
- |
- |
- |
(8,106) |
- |
- |
(108,438) |
Core Grants |
|
|
||||||
-Public Health Grant |
(34,124) |
- |
- |
- |
(921) |
- |
- |
(35,045) |
-New Homes Bonus |
(3,182) |
- |
- |
- |
(2,800) |
- |
- |
(5,982) |
-Improved Better Care Fund |
(16,351) |
- |
- |
- |
35 |
- |
- |
(16,316) |
-Social Care Support Grant |
(2,500) |
- |
- |
- |
(6,867) |
- |
- |
(9,367) |
Core Grants |
(56,393) |
- |
- |
- |
(10,317) |
- |
- |
(66,710) |
Total Funding |
(333,561) |
- |
- |
- |
(19,195) |
- |
- |
(352,756) |
General Fund Reserve Drawdown |
(8,999) |
|
|
|
|
|
|
(1,740) |
3. Agree a Council Tax for Tower Hamlets in 2020-21 of £1,060.35 at Band D resulting ... view the full decision text for item 5
Minutes:
Mayor John Biggs moved, the budget proposals of the Mayor and Executive as set out in the agenda pack. Councillor Candida Ronald seconded the proposals.
Councillor Peter Golds then moved and Councillor Andrew Wood seconded an amendment as set out in the supplementary agenda.
Councillor Rabina Khan then moved and Councillor Harun Miah seconded an amendment as set out in the supplementary agenda.
Following debate, the amendment proposed by Councillor Peter Golds was put to a recorded vote and was defeated.
The amendment proposed by Councillor Rabina Khan was put to a recorded vote and was defeated.
The substantive budget proposals were then put to a recorded vote and were agreed.
RESOLVED:
General Fund Revenue Budget and Council Tax Requirement 2020-21
1. Approve the Council Tax Resolution, detailed in Appendix A to this motion attached to the minutes.
2. Agree a General Fund revenue budget of £354.496m and a total Council Tax Requirement for Tower Hamlets in 2020-21 of £108.438m as set out in the table below.
2019-20 |
Savings |
Growth |
One Off Adjustments |
2020-21 |
||||
Total |
Approved |
New |
Approved |
New |
Approved |
New |
Total |
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
Services |
|
|
||||||
Health, Adults & Community |
106,726 |
(1,190) |
(132) |
3,499 |
2,388 |
(2,804) |
- |
108,487 |
Public Health |
34,124 |
- |
- |
- |
921 |
- |
- |
35,045 |
Children & Culture |
98,329 |
(1,500) |
(44) |
(2,032) |
10,596 |
(120) |
- |
105,229 |
Place |
68,382 |
(3,380) |
379 |
(1,578) |
1,464 |
(1,716) |
- |
63,551 |
Governance |
15,377 |
- |
- |
- |
- |
- |
- |
15,377 |
Resources |
15,307 |
(2,120) |
(80) |
- |
1,285 |
(300) |
- |
14,092 |
Net Service Costs |
338,245 |
(8,190) |
123 |
(111) |
16,654 |
(4,939) |
- |
341,781 |
Corporate Costs |
|
|
||||||
Capital Charges |
6,839 |
- |
- |
- |
- |
- |
- |
6,839 |
Levies |
1,892 |
- |
- |
- |
- |
- |
- |
1,892 |
Pensions |
12,790 |
- |
- |
- |
- |
- |
- |
12,790 |
Corporate Contingency |
3,150 |
- |
- |
- |
- |
- |
- |
3,150 |
Other Corporate Costs |
(25,324) |
(6,400) |
3,725 |
- |
2,841 |
- |
- |
(25,158) |
Net Corporate Costs |
(653) |
(6,400) |
3,725 |
- |
2,841 |
- |
- |
(487) |
Inflation |
4,969 |
- |
- |
7,500 |
- |
733 |
- |
13,202 |
Total Funding Requirement |
342,560 |
(14,590) |
3,848 |
7,389 |
19,495 |
(4,206) |
- |
354,496 |
|
|
|
||||||
Revenue Support Grant |
(33,281) |
- |
- |
- |
(542) |
- |
- |
(33,823) |
Retained Business Rates |
(139,555) |
- |
- |
- |
(2,791) |
- |
- |
(142,346) |
Business Rates (London Pilot) |
(4,000) |
- |
- |
- |
2,561 |
- |
- |
(1,439) |
BR Collection Fund Deficit |
|
- |
- |
- |
- |
- |
17,920 |
17,920 |
Collection Fund funding (Reserves) |
|
- |
- |
- |
- |
- |
(17,920) |
(17,920) |
Council Tax |
(100,331) |
- |
- |
- |
(8,106) |
- |
- |
(108,438) |
Core Grants |
|
|
||||||
-Public Health Grant |
(34,124) |
- |
- |
- |
(921) |
- |
- |
(35,045) |
-New Homes Bonus |
(3,182) |
- |
- |
- |
(2,800) |
- |
- |
(5,982) |
-Improved Better Care Fund |
(16,351) |
- |
- |
- |
35 |
- |
- |
(16,316) |
-Social Care Support Grant |
(2,500) |
- |
- |
- |
(6,867) |
- |
- |
(9,367) |
Core Grants |
(56,393) |
- |
- |
- |
(10,317) |
- |
- |
(66,710) |
Total Funding |
(333,561) |
- |
- |
- |
(19,195) |
- |
- |
(352,756) |
General Fund Reserve Drawdown |
(8,999) |
|
|
|
|
|
|
(1,740) |
3. Agree a Council Tax for Tower Hamlets in 2020-21 of £1,060.35 at Band D resulting in ... view the full minutes text for item 5
Meeting: 13/01/2020 - Overview & Scrutiny Committee (Item 6)
BUDGET AND POLICY
The Board will undertake a critical friend challenge to (i) the budget setting process in line with the Council’s priorities and (ii) consider new savings, re-profiling existing and fee increases.
Additional documents: