Agenda

(Budget), Council - Wednesday, 26th February, 2020 6.00 pm

Venue: Virtual Meeting //htpp:www.oldham.gov.uk/livemeetings

Contact: Liz Drogan 

Items
No. Item

1.

To receive apologies for absence

2.

To receive communications relating to the business of the Council

3.

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

4.

To note the minutes of the Budget Cabinet Meeting held on 10th February 2020 and to consider the recommendations of Cabinet in relation to the Budget for 2020/21 and further to the following attached reports; pdf icon PDF 214 KB

a)    Housing Revenue Account Estimates for 2020/21 to 2024/25 and Proposed Outturn for 2019/20

 

b)    Capital Strategy and Capital Programme 2020/21 to 2024/25

 

c)    Treasury Management Strategy Statement 2020/21

 

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

 

e)    Council Tax Reduction Scheme 2020/21

 

f)     Revenue Budget 2020/21 and Medium Term Financial Strategy 2020/21 to 2024/25

 

g)    Liberal Democrats Budget Amendment Proposals 2020/21

 

And if thought fit, pass the following resolutions:

 

  1. That it be noted that on 16 December 2019, the following amounts were approved by the Cabinet as the Council's Council Tax Base for the financial year 2020/21:

a)    57,663 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)    8,707 for dwellings in the Saddleworth Parish area to which a Parish precept relates

 

c)    5,494 for dwellings in the Shaw and Crompton Parish area to which a Parish precept relates

 

  1. That the Council Meeting approve the Council Tax Requirement for the Council’s own purposes for 2020/21 (excluding Parish precepts) as being £96,465,586

 

  1. That the following amounts be calculated by the Council for the year 2020/21 in accordance with sections 31A to 36 of the Local Government Finance Act 1992:

 

a) £598,556,880

 

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) £501,800,494

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

 

c) £96,756,386

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) £1,677.96

 

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) £290,800

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) £1,672.92

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) £1,695.68

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)  ...  view the full agenda text for item 4.

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