Agenda

Budget, Council - Thursday, 6th March, 2025 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 17th February 2025 and to consider the recommendations of Cabinet in relation to the Budget for 2025/26 and further to the following attached reports pdf icon PDF 316 KB

a)    Housing Revenue Account Estimates for 2025/26 to 2029/30 and Projected Outturn for 2024/25

b)    The Revenue Budget, Capital Programme and Treasury Management Strategy Statement for 2025/26

                                          i.    Revenue Budget 2025/26 and 2026/27 and Medium Term Financial Strategy 2025/26 to 2029/30

                                        ii.    Capital Strategy and Capital Programme 2025/26 to 2029/30 and Minimum Revenue Provision (MRP) Policy Statement

                                       iii.    Treasury Management Strategy Statement 2025/26 including the Annual Investment Strategy, Borrowing Strategy and Prudential Indicators

 

Liberal Democrats Budget Amendment Proposals 2025/26

Conservative Budget Amendment Proposals 2025/26

Oldham Group Budget Amendment Proposals 2025/26

 

c)    Pay Policy Statement 2025/26

And if thought fit, pass the following resolutions:

1.    That it be noted that on 16 December 2024, the following amounts were approved by the Cabinet (subject to minor amendment) as the Council's Council Tax Base for the financial year 2025/26:

 

a)    59,501 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)    9,490 for dwellings in the Saddleworth Parish area to which a Parish precept relates

c)    5,906 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 2025/26 (excluding Parish precepts) as being £122,199,584.

 

3.    That the following amounts be calculated by the Council for the year 2025/26 in accordance with sections 31A to 36 of the Local Government Finance Act 1992:

a) £751,594,030

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) £629,013,509

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

 

c) £122,580,521

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) £2,060.14

 

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) £380,937

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) £2,053.74

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) £2,082.10

Saddleworth Parish area

being the amounts given by adding to the amount at  ...  view the full agenda text for item 4.

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