Agenda

Budget, Council - Wednesday, 28th February, 2024 6.00 pm

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

Contact: Peter Thompson 

Items
No. Item

1.

To receive apologies for absence

2.

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

3.

To receive communications relating to the business of the Council

4.

To note the minutes of the Budget Cabinet Meeting held on 12th February 2024 and to consider the recommendations of Cabinet in relation to the Budget for 2024/25 and further to the following attached reports pdf icon PDF 208 KB

To note the Minutes of the Budget Cabinet Meeting held on 12th February 2024 and to consider the recommendations of Cabinet in relation to the Budget for 2024/25, further to the following attached reports:

a)    Housing Revenue Account Estimates for 2024/25 to 2028/29 and Projected Outturn for 2023/24

b)    Treasury Management Strategy Statement 2024/25 including the Annual Investment Strategy, Borrowing Strategy and Prudential Indicators

c)    Council Tax Reduction Scheme 2024/25

d)    The Revenue Budget and Capital Programme for 2024/25

                                          i.    Revenue Budget 2024/25 and 2025/26 and Medium-Term Financial Strategy 2024/25 to 2028/29

                                        ii.    Capital Strategy and Capital Programme 2024/25 to 2028/29and Minimum Revenue Provision (MRP) Policy Statement

 

Liberal Democrats Budget Amendment Proposals 2024/25

Conservative Budget Amendment Proposals 2024/25

 

And if thought fit, pass the following resolutions:

  1. That it be noted that on 22nd January 2024, the following amounts were approved by the Cabinet as the Council's Council Tax Base for the financial year 2024/25:

 

a)    59,380 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)    9,150 for dwellings in the Saddleworth Parish area to which a Parish precept relates

c)    5,724 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 2024/25 (excluding Parish precepts) as being £116,154,999

 

  1. That the following amounts be calculated by the Council for the year 2024/2520 in accordance with sections 31A to 36 of the Local Government Finance Act 1992:

 

a) £716,905,666

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) £600,396,029

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

 

c) £116,509,637

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) £1,962.10

 

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) £354,638

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) £1,956.13

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

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