Issue - meetings

General Fund / HRA Estimates and Capital Programme

Meeting: 08/02/2022 - Executive (Item 20)

20 General Fund / HRA Estimates and Capital Programme 2022/23 pdf icon PDF 406 KB

To consider the report of the Director Finance.

 

Additional documents:

Decision:

Agreed:

 

RECOMMENDED that Council:-

 

(1)   approve the overall spending proposals in respect of both its revenue and capital budgets;

(2)   approve the Council Tax for each Band be recommended to the Council as set out in section 8.19.3 of the report, subject to Devon County Council, the Office of the Devon and Cornwall Police and Crime Commissioner Devon and Cornwall and the Devon and Somerset Fire Authority confirming their Band D levels respectively; and

(3)   approve the revised council tax levels submitted to Council on 22 February 2022, when the actual Council Tax amounts for Devon County Council, Devon and Cornwall Police and Crime Commissioner and the Devon and Somerset Fire Authority are set.

 

Reason for Decision: As set out in the report.

 

 

 

Minutes:

The Executive received the report on the proposed General Fund revenue estimates for 2022/23 and recommending the Band D level of Council Tax for 2022/23. The report also included the proposed Capital Programme for 2022/23 and future years, and the proposals in respect of the Housing Revenue Account.

 

Particular reference was made to the following:-

 

·        the final Local Government Settlement of £54 billion nationally had been laid before Parliament on 7 February 2022, with Exeter City Council receiving an increase in the Business Rate multiplier compensation  amounting to £83,000 when compared to the Provisional Settlement. The Council had also received a new service grant of £285,000 together with a further £4,000 as well as a further lower tier grant of £185,000;

·        the Local Government Finance Settlement for 2022-23 had been agreed for one year, following the delay in Business Rates Retention Scheme;

·        the Referendum Principles for the Council Tax set by the Government would allow the Council to increase the tax by £5 or by up to 2%, whichever was the higher, and a £5 increase was being proposed which would provide an extra £163,733;

·        the HRA Medium Term Financial Plan would show a substantial lower contribution to the Capital Programme as the majority of the work would be funded from other reserves;

·        the General Fund Capital Programme was largely as previously agreed with an additional figure for IT equipment; and

·        final figures would be reported to the Extraordinary Council on 22 February 2022 when the Devon County Council, the Police and Crime Commissioner for Devon and Cornwall and the Devon and Somerset Fire Authority precepts would be known.

 

RECOMMENDED that Council:-

 

(1)   approve the overall spending proposals in respect of both its revenue and capital budgets;

(2)   approve the Council Tax for each Band be recommended to the Council as set out in section 8.19.3 of the report, subject to Devon County Council, the Office of the Devon and Cornwall Police and Crime Commissioner Devon and Cornwall and the Devon and Somerset Fire Authority confirming their Band D levels respectively; and

(3)   approve the revised council tax levels submitted to Council on 22 February 2022, when the actual Council Tax amounts for Devon County Council, Devon and Cornwall Police and Crime Commissioner and the Devon and Somerset Fire Authority are set.