Council Tax Setting 2021/22
Minutes:
The Finance & Investment Portfolio Holder presented the report which revised the budget for the forthcoming financial year and recognised the level of Council Tax in light of the Provisional Local Government Finance Settlement, Council Tax base calculation and other updated data. Based on the changes detailed in the report, Council would continue to have a balanced 10-year budget.
The Deputy Chief Executive and Chief Officer for Finance & Trading set out that the report also proposed a net expenditure budget of £16.783m in 2021/22 (£15.581m in 2020/21). Subject to any further changes this would result in a Council Tax increase of 2.25% in 2021/22, with the District’s Council Tax being £224.91 for a Band D property for the year (£219.96 in 2020/21), an increase of £4.95. This would also result in an additional ongoing commitment to the Net Zero Transition Fund.
The report also contained details on the Collection Fund position and an updated opinion on the robustness of the budget and the adequacy of the reserves.
Public Sector Equality Duty
Members noted that consideration had been given to impacts under the Public Sector Equality Duty.
Resolved: That it be recommended to Council that
a) the updated Summary of Council Expenditure and Council Tax for 2021/22 set out in Appendix D to the report, be approved;
b) the updated 10-year budget 2021/22 to 2030/31 as set out in Appendix B(i) to the report, be approved; and
c) the Local Council Tax Reduction Scheme 2020/21, be rolled forward to 2021/22, with effect from 1 April 2021, as set out in Appendix G to the report.
Supporting documents:
- 05 Council Tax Setting 2021-22, item 168. PDF 220 KB
- 05 App A - Timetable, item 168. PDF 238 KB
- 05 App Bi - 10 year budget - Revenue, item 168. PDF 51 KB
- 05 App Bii - 10 year budget - Balance Sheet, item 168. PDF 69 KB
- 05 App C - Summary Budget Changes, item 168. PDF 40 KB
- 05 App D - Summary of Council Expenditure & Council Tax, item 168. PDF 42 KB
- 05 App E - Summary of service analysis, item 168. PDF 100 KB
- 05 App F - Pay Costs, item 168. PDF 57 KB
- 05 App G - Local Council Tax Reduction Scheme 2021-22, item 168. PDF 164 KB