Issue - meetings
2020/21 Draft Revenue and Capital Budgets and Medium Term Financial Plan
Meeting: 19/02/2020 - South Somerset District Council (Item 109)
109 2020/21 Revenue and Capital Budgets and Medium Term Financial Plan 
PDF 224 KB
Additional documents:
- 8 Appendix A Revenue Budgets 20-21, item 109
PDF 180 KB
- 8 Appendix B Savings 20-21, item 109
PDF 61 KB
- 8 Appendix C Budget Pressures 20-21, item 109
PDF 65 KB
- 8 Appendix D - Capital Programme 2020-21, item 109
PDF 340 KB
- 8 Appendix E Recommended Schemes 20-21, item 109
PDF 16 KB
- 8 Appendix F Capital Bids 20-21, item 109
PDF 1 MB
Decision:
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RESOLVED: |
That Full Council agreed to:- |
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a. |
approve the Net Revenue Budget for 2020/21 of £15,207,150, as set out in the Revenue Account Summary (paragraph 40) and in detail in Appendix A for the District Executive and four Area Committees, subject to any final amendments;
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b. |
approve a 2020/21 Council tax annual increase of 2.99%, increasing the annual Band D rate by £5.00 to £172.11. Full Council to note this new annual rate comprises £170.26 for SSDC services, raising £10,448,932, and £1.85 on behalf of the Somerset Rivers Authority, raising £112,315;
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c. |
approve the prioritisation of Business Rates pooling gain to Regeneration as detailed in paragraph 38;
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d. |
approve the new capital programme as shown in Appendix D, with includes an additional funding request of £1.887m as detailed in paragraph 62.
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Reason: |
To approve the proposed budget and council tax for 2020/21. This report is based on the Medium Term Financial Plan (Revenue Budgets. |
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(Voting: 43 in favour, 0 against, 1 abstention)
Minutes:
The Portfolio Holder for Finance and Legal Services thanked the Interim Section 151 Officer, the Directors and the specialist officers for producing the budget report. He also thanked the previous Section 151 Officer. He drew Members attention to the 2.99% increase in Council Tax and noted that although the Business Rates Pooling had been reduced from 75% retention to 50% in the Local Government Settlement, it was proposed to put aside £1m of this towards the Council’s Regeneration Schemes. If the Business Rate Pooling did not realise £1.5m then this would be reviewed. He also noted the additional funding for the Capital Programme, the reduced budget shortfall, the New Homes Bonus funding not being drawn into the revenue budget and the business rates income. He concluded that the budget was a tribute to how well the Council had progressed from its original predicted budget shortfall.
In response to questions from Members, the Portfolio Holders and the Interim Section 151 Officer replied:-
· The increase in borrowing to be requested in the Capital, Investment and Treasury Strategies report would fund the various Regeneration Schemes across the district and the Council’s Commercial Strategy.
· Finance staff were available to explain the detail within the budget or additional finance training could be arranged by the Member Development Specialist.
· The Council’s Digital Strategy was still in draft form and following internal consultation, it would be presented to Scrutiny and District Executive Committees.
· The funding for confidential schemes were commercially confidential.
It was requested that due to the detail involved, the budget reports be published as soon as possible in future to allow Members to read and understand them.
At the conclusion of the debate a recorded vote was taken and all Members voted in favour of the recommendations with one abstention by Councillor Colin Winder.
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RESOLVED: |
That Full Council agreed to:- |
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a. |
approve the Net Revenue Budget for 2020/21 of £15,207,150, as set out in the Revenue Account Summary (paragraph 40) and in detail in Appendix A for the District Executive and four Area Committees, subject to any final amendments;
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|
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b. |
approve a 2020/21 Council tax annual increase of 2.99%, increasing the annual Band D rate by £5.00 to £172.11. Full Council to note this new annual rate comprises £170.26 for SSDC services, raising £10,448,932, and £1.85 on behalf of the Somerset Rivers Authority, raising £112,315;
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c. |
approve the prioritisation of Business Rates pooling gain to Regeneration as detailed in paragraph 38;
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d. |
approve the new capital programme as shown in Appendix D, with includes an additional funding request of £1.887m as detailed in paragraph 62.
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Reason: |
To approve the proposed budget and council tax for 2020/21. This report is based on the Medium Term Financial Plan (Revenue Budgets. |
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(Voting: 43 in favour, 0 against, 1 abstention)
