Issue - meetings

AGREED RECOMMENDATIONS

Reasons for decision – to agree draft proposals in respect

of the council’s 2022/23 budget and level of council tax and

the latest assumed medium term financial position.

Other options considered - none

Conflicts of interest / dispensations granted – none

RESOLVED:

The General Fund Budget 2022/23 and MTFS (Section 3 of the report)

1.1.       That the latest MTFS and balanced 2022/23 budget, including the underlying principles and assumptions, be agreed and recommended to Full Council. (Paragraphs 3.1-3.38, Table 1 and Appendix A of the report) 

1.2.       That the proposed 2022/23 net budgets by directorate be agreed and recommended to Full Council. (Paragraph 3.3, Table 2 and Appendix A of the report)

1.3.       It be noted that the annual budget for the London Councils Grant Committee was reported to the Voluntary and Community Sector Committee on 25 January 2022 for information. (Paragraph 3.22-3.23 of the report)

1.4.       That authority be delegated to the Corporate Director of Resources to revise external funding estimates prior to the final version of this report for Full Council on 3 March 2022, should this be necessary. (Paragraphs 3.20 and 3.25 of the report)

1.5.       That the 2022/23 savings be agreed and recommended to Full Council, and it be noted that individual savings may be subject to individual consultation before they can be implemented. (Paragraphs 3.39-3.43, Table 5, and Appendix B of the report)

1.6.       That the Dedicated Schools Grant (DSG) settlement for 2022/23 and related funding assumptions be noted. (Paragraphs 3.44-3.51 of the report)

1.7.       That the fees and charges policy and the General Fund fees and charges for 2022/23 be agreed. (Paragraphs 3.52-3.59 and Appendix C of the report)

1.8.       That the policy on General Fund contingency and reserves be agreed and recommended to Full Council, and the movements to/from earmarked reserves assumed as part of the 2022/23 revenue budget be agreed. (Paragraphs 3.60-3.69, Table 6 and Table 7 of the report)

1.9.       That the Section 151 Officer is delegated responsibility for any technical adjustments required for the 2022/23 budget (in line with the council’s Financial Regulations) be agreed and recommended to Full Council.

1.10.    That centrally held gross demographic growth be allocated to service budgets only when the need materialises and as approved by the Section 151 Officer be agreed and recommended to Full Council. (Paragraph 3.14 of the report)

The HRA Budget and MTFS (Section 4 of the report)

1.11.    That the balanced HRA 2022/23 budget be agreed and recommended to Full Council, and the latest estimates over the three-year MTFS period be noted. (Paragraphs 4.1-4.3, Table 8 and Appendix D1 of the report)

1.12.    That the HRA rents be noted, and, following minor revisions to the version agreed by the Executive on 13 January 2022, the other HRA fees and charges for 2022/23 be agreed. (Paragraphs 4.4-4.29, Tables 9-11 and Appendix D2 of the report)

1.13.    That the introduction of a points-based apportionment method from April 2022 to revise the way in which Housing Leaseholder Service Charges are calculated be agreed. (Paragraph 4.9, and Appendix D3 of the report)

1.14.       It be noted that the HRA 30-year  ...  view the full minutes text for item 870

This report also incorporates the annual budget for the London Boroughs Grants Committee.

AGREED RECOMMENDATIONS

Reasons for decision – to agree draft proposals in respect

of the council’s 2022/23 budget and level of council tax and the latest assumed mediumterm financial position.
Other options considered - none
Conflicts of interest / dispensations granted - none

RESOLVED:

The General Fund Budget 2022/23 and MTFS (Section 3 of the report)

a)              That the latest assumed MTFS and balanced 2022/23 budget, including the underlying principles and assumptions, be agreed and recommended to Full Council. (Paragraphs 3.1-3.38, Table 1 and Appendix A of the report) 

b)              That the proposed 2022/23 net budgets by directorate be agreed and recommended to Full Council. (Paragraph 3.3, Table 2 and Appendix A of the report)

c)              That the annual budget for the London Councils Grants Committee be agreed and to note that this will be reported to the VCS Committee on 25 January 2022 for information. (Paragraph 3.22-3.23 of the report)

d)              That the 2022/23 savings be agreed and recommended to Full Council, and to note that individual savings may be subject to individual consultation before they can be implemented. (Paragraphs 3.39-3.43, Table 5, and Appendix B of the report)

e)              That the Dedicated Schools Grant (DSG) settlement for 2022/23 and related funding assumptions be noted. (Paragraphs 3.44-3.49 of the report)

f)                That the fees and charges policy and the General Fund fees and charges for 2022/23 be agreed (Paragraphs 3.50-3.57 and Appendix C of the report)

g)              That the policy on General Fund contingency and reserves be agreed and recommended to Full Council, and the movements to/from earmarked reserves assumed as part of the 2022/23 revenue budget be agreed. (Paragraphs 3.58-3.67 and Table 6 of the report)

h)              That the Section 151 Officer be delegated responsibility for any technical adjustments required for the 2022/23 budget (in line with the council’s Financial Regulations) be agreed and recommended to Full Council.

i)                That centrally held gross demographic growth be allocated to service budgets if and when the need materialises and be approved by the Section 151 Officer, be agreed and recommended to Full Council.  (Paragraph 3.14 of the report)

The HRA Budget and MTFS (Section 4 of the report)

j)                That the balanced HRA 2022/23 budget be agreed and recommended to Full Council, and the latest estimates over the 3-year MTFS period be noted. (Paragraphs 4.1-4.3, Table 7 and Appendix D1 of the report)

k)              That the HRA rents and other HRA fees and charges for 2022/23 be agreed. (Paragraphs 4.4-4.29, Tables 8-10 and Appendix D2 of the report)

l)                That the introduction of a points-based apportionment method from April 2022 to revise the way in which Housing Leaseholder Service Charges are calculated be agreed. (Paragraph 4.9, and Appendix D3 of the report)

m)            That it be noted that the HRA 30-year business plan will be updated (Paragraph 4.2 of the report)

Capital Investment and Treasury and Investment Management (Section 5)

n)              That the proposed 2022/23 to 2024/25 capital programme be agreed and recommended to Full Council, and the latest indicative capital programme for 2025/26 to 2031/32 be noted. (Paragraphs 5.3, Table 11 and Appendix E1  ...  view the full minutes text for item 859