Agenda and minutes

(Budget), Council
Wednesday, 27th February, 2013 6.00 pm

Venue: Council Chamber, Civic Centre, Oldham, West Street, Oldham, OL1 1NL. View directions

Items
No. Item

1.

To receive apologies for absence

Minutes:

Apologies for absence were received from Councillors McLaren and Stretton.

 

2.

To receive declarations of interest in any matter to be determined at the meeting

Minutes:

The Mayor informed the meeting that the Standards Committee, at its meeting held on 20th February 2013, had granted a dispensation to allow all members who had an interest arising from ownership or occupation of property in Oldham to participate and vote on the setting of the Council Tax and matters directly related to such decisions including the budget calculations. All Members declared a disclosable pecuniary interest in Item 4 - Budget Proposals, but the dispensation was applicable allowing Members to participate and vote on Item 4.

 

3.

To receive communications relating to the business of the Council

Minutes:

The Mayor made reference to the recent death of Councillor Dilys Fletcher MBE and Councillors Dean, Hussain, Sedgwick and Hudson all spoke in remembrance of Councillor Fletcher.

 

Council held a Minutes Silence in memory of Councillor Fletcher.

 

4.

To note the Minutes of the Budget Cabinet meeting held on the 18th February 2013 and to consider the recommendations of Cabinet in relation to the Budget Proposals for 2013/14 & 2014/15 further to the following attached reports;

a)     Treasury Management Strategy Statement 2013/14 including the Minimum Revenue Provision Policy Statement, Annual Investment Strategy and Prudential Indicators

b)     Capital Strategy 2013/17 (incorporating the Capital Programme 2013/17)

c)      Housing Revenue Account Estimates for 2012/13 to 2016/17

d)     Statement of the Chief Financial Officer on Reserves, Robustness of the Estimates and Affordability and Prudence of Capital Investments

e)     Administration Budget Proposals 2013/14 & 2014/15

f)        Medium Term Financial Strategy 2013/14 to 2016/17

 

And if thought fit, pass the following resolutions:

 

1.

That it be noted that on 28 January 2013, the following amounts were approved by the Cabinet as the Council's Council Tax Base for the financial year 2013/14:

 

 

(a)

50,280 for the whole Council area [Item T in the formula in Section 31B of the Local Government Finance Act 1992, as amended (the "Act")]

 

 

(b)

7,950 for dwellings in the Saddleworth Parish area to which a Parish precept relates

 

 

 

5,182 for dwellings in the Shaw and Crompton Parish area to which a Parish precept relates

 

2.

That the Council Meeting approve the Council Tax Requirement for the Council’s own purposes for 2013/14 (excluding Parish precepts) as being £70,037,525

 

3.

That the following amounts be calculated by the Council for the year 2013/14 in accordance with sections 31 to 36 of the Local Government Finance Act 1992:

 

 

(a)

£698,823,410

 

being the aggregate of the amounts which the Council estimates for the items set out in section 31A(2) of the Act taking into account any Precepts for the Saddleworth and Shaw & Crompton Parish areas

 

 

(b)

£628,556,706

 

being the aggregate of the amounts which the Council estimates for the items set out in section  31A(3) of the Act

 

 

(c )

£70,266,704

 

being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with section 31A(4) of the Act, as its Council Tax Requirement for the year (Item R in the formula in Section 31B of the Act).

 

 

(d)

£1,397.51

 

being the amount at 3(c) above, all divided by Item T (1(a) above), calculated by the Council, in accordance with section 31B of the Act, as the basic amount of its Council Tax for the year (including Parish precepts).

 

 

(e)

£229,179

 

being the aggregate amount of all special items referred to in section 34(1) of the Act, being the Saddleworth and Shaw & Crompton Parish precepts.

 

 

(f)

£1,392.95

 

being the amount at 3(d) above less the result given by dividing the amount at 3(e) above by the amount by Item T (1(a) 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 in those parts of its area to which no special item relates.

 

 

(g)

£1,412.30

 

Saddleworth Parish area

 

 

 

 

being the amounts given by adding to the amount at 3(f) above the amounts of the special item or items relating to dwellings in those parts of the Council's area mentioned at 3(e) above divided by the amount  ...  view the full agenda text for item 4.

Minutes:

The Mayor requested, and it was RESOLVED –

That Council Procedure Rule 10.7 (Rules of Debate) be suspended to enable the Leader of the Council to exceed the time limit for his contribution in moving the Administration Budget, to 15 minutes and the Leader of the Opposition Group in moving the Opposition Budget, a time limit of 10 minutes. All other speakers to be limited to 5 minutes.

 

Prior to considering the budget proposals, Councillor McMahon MOVED and Councillor Jabbar SECONDED that the Minutes of Cabinet on 18th February 2013 be noted.

 

On a vote being taken, the recommendation was CARRIED UNANIMOUSLY.

 

RESOLVED – That the Minutes of the meeting of the Cabinet held on 18th February 2013 be noted.

a) Treasury Management Strategy Statement 2013/14 including the Minimum Revenue Provision Policy Statement, Annual Investment Strategy and Prudential Indicators

 

Councillor McMahon MOVED and Councillor Jabbar SECONDED the report of the Cabinet Member for Finance, Human Resources & Strategic Partnerships, which presented the strategy for 2013/14 Treasury Management activities including the Minimum Revenue Position Policy Statement and the Annual Investment Strategy and Prudential Indicators.

 

RESOLVED – That

1. The Minimum Revenue Provision policy and method of calculation as per section 2.3 be approved.

2. The projected treasury position as at 31/03/2013 as per paragraph 2.7.3, be noted.

3. The Treasury Limits for 2013/14 to 2015/16 as detailed in sections 2.7.7 and 2.7.8 be approved.

4. The Borrowing Strategy for 2013/14 as per section 2.9 be approved.

5. The limits to interest rate exposures as set out in section 2.10.1 be approved.

6. The upper and lower limits on fixed rate debt maturity structure as set out in Section 2.10.2 be approved.

7. The Annual Investment Strategy, as per section 2.13 including the investment credit rating criteria and the level of investment in non specified investments, be approved.

 

b) Capital Strategy 2013/17 (incorporating the Capital Programme 2013/17)

 

Councillor McMahon MOVED and Councillor Jabbar SECONDED the report of the Cabinet Member for Finance, Human Resources & Strategic Partnerships, which set out the strategy for the 2013/17 capital programme, the proposed 2013/14 capital programme including identified capital requirements and indicative programme for 2014/17 having regard to the resources available.

 

RESOLVED – That:

1. The Capital Strategy for 2013/17 at Appendix 1 of the report and summarised in section 3 including the delegation of decision making as set out in the Capital Investment Programme Board Terms of Reference at Annex B of the report, be approved.

2. The Capital Programme for 2013/14 and indicative programmes for 2014/15 to 2016/17 as set out in Appendix 2, be approved.

3. The reallocation of resources in accordance with the review process outlined at Appendix 3, be approved.

 

c) Housing Revenue Account Estimates for 2012/13 to 2016/17

 

Councillor Hibbert MOVED and Councillor Jabbar SECONDED the joint report of the Cabinet Member for Finance, Human Resources and Strategic Partnerships and Cabinet Member for Housing, Transport and Planning, which set out the latest Housing Revenue Account (HRA) outturn estimate for 2012/13  ...  view the full minutes text for item 4.