Agenda item
2023/24 Draft Revenue Budget, Medium Term Financial Plan and 2023/24 - 2025/26 Draft Capital Programmes
Report of the Strategic Director / Section 151 Officer
Minutes:
The Committee gave consideration to the report and appendices (as set out at pages 27-116) which asked it to consider the comments received as part of the budget consultation, receive an update on the medium term financial outlook and recommend to Council the General Fund and Housing Revenue Account (HRA) revenue budget proposals and the Draft Capital Programmes for approval.
It was moved by the Chair, seconded by Cllr K J Loydall and
RESOLVED THAT:
(i) The S151 Officer’s statement on the robustness of the budget and the adequacy of reserves as set out in section 11 of the report be noted.
Votes For 11
Votes Against 3
Abstentions 0
It was moved by the Chair, seconded by Cllr J Kaufman and
RESOLVED THAT:
(i) The proposals contained in Section 6 of the report in respect of the Community and Wellbeing service be considered and the proposed recommendation to Council for approval as part of the budget be approved.
Votes For 11
Votes Against 3
Abstentions 0
It was moved by the Chair, seconded by Cllr K J Loydall and
RESOLVED THAT:
(i) An increase in Council Tax by the maximum core referendum limit, including 2.99% or £10 limit, should the government amend this as part of the Final Local Government Settlement, from the options as set out in section 4 be recommended to Full Council.
Votes For 11
Votes Against 3
Abstentions 0
It was moved by the Chair, seconded by the Vice-Chair and
RESOLVED THAT:
(i) Having approved the recommendations as set out above, the General Fund Revenue Budget for 2023/24 subject to any final adjustments as may be required for new information prior to Full Council (such as the NNDR1 final estimates and the Final Local Government Finance Settlement 2023/24), as set out in Appendix 5 be recommended to Full Council.
Votes For 11
Votes Against 0
Abstentions 3
It was moved by Cllr J W Boyce, seconded by the Chair and
UNANIMOUSLY RESOLVED THAT:
(i) From April 2023 the Council will achieve full cost recovery on heating costs annually with delegation to the S151 Officer to monitor quarterly and adjust accordingly.
It was moved by the Chair, seconded by Cllr G A Boulter and
RESOLVED THAT:
(i) The Committee will recommend that Full Council approve the HRA budget for 2023/24 as detailed in Appendix 8.
Votes For 11
Votes Against 0
Abstentions 3
It was moved by the Chair, seconded by Cllr J W Boyce, and
RESOLVED THAT:
(i) The Committee will recommend that Full Council approve the Scale of Fees and Charges as set out in Appendix 9.
Votes For 11
Votes Against 3
Abstentions 0
It was moved by the Chair, seconded by Cllr S Z Haq, and
RESOLVED THAT:
(i) The Committee will recommend that Full Council approve the new Capital Schemes of the General Fund and HRA, as set out in Appendix 10.
Votes For 11
Votes Against 0
Abstentions 3
By general affirmation of the meeting, it was
UNANIMOUSLY RESOLVED THAT:
(i) The Capital Programme provision for the 2024/25 year be noted and that the Committee will recommend that Full Council approve this to allow for the ordering of replacement fleet allowing for longer lead-in times; and
(ii) The intention to seek approval for establishing a Capital Projects Sub-Committee to monitor the proposed capital schemes be noted.
It was moved by Cllr J W Boyce, seconded by the Chair, and
UNANIMOUSLY RESOLVED THAT:
(i) The intention and therefore the terms of reference should be established and from May onwards that Sub-Committee should exist.
Supporting documents:
- 2023/24 Draft Revenue Budget, Medium Term Financial Plan and 2023/24 - 2025/26 Draft Capital Programmes, item 68. PDF 875 KB
- Appendix 1 - Summary of Consultation Responses Received, item 68. PDF 945 KB
- Appendix 2 - Oadby & Wigston Borough Council Response to Provisional Local Government Finance Settlement Consultation, item 68. PDF 350 KB
- Appendix 3 - Funding Outlook, item 68. PDF 893 KB
- Appendix 4 - General Fund Revenue Budget Proposals, item 68. PDF 396 KB
- Appendix 5 - Draft 2023/24 General Fund Budget, item 68. PDF 90 KB
- Appendix 6 - Community and Wellbeing Service Proposal and Structure, item 68. PDF 574 KB
- Appendix 7 - Housing Revenue Account (HRA) Budget Proposals, item 68. PDF 357 KB
- Appendix 8 - Draft 2023/24 HRA Budget, item 68. PDF 86 KB
- Appendix 9 - Proposed 2023/24 Scale of Fees and Charges, item 68. PDF 452 KB
- Appendix 10 - 2023/24 – 2027/28 Capital Programme, item 68. PDF 218 KB