Issue - meetings

To consider, and if approved, adopt the recommendations of
Cabinet dated 21 February 2024 and set the Council Tax for the year
ending 31 March 2025

 

 

Meeting: 05/03/2025 - Council (Item 64)

64 To consider, and if approved, adopt the recommendations of Cabinet dated 13 February 2025 and set the Council Tax for the year ending 31 March 2026 pdf icon PDF 456 KB

Additional documents:

Minutes:

A proposition was moved by Councillor Clarke and seconded by Councillor Hollingsworth in the following terms:

 

1.         In accordance with the recommendations of Cabinet on 13 February 2025, that the Prudential and Treasury Indicators and Treasury Management Strategy Statement (TMSS) 2025/26, which includes the Minimum Revenue Provision Policy Statement, the Borrowing Strategy, and the Annual Investment Strategy, set out at pages 5 to 34 of the Council agenda, be approved.

 

2.         In accordance with the recommendations of Cabinet on 13 February 2025, that the Capital Programme and Capital Investment Strategy 2025/26 to 2029/30 set out at pages 89 to 98 of the Council agenda, be approved.

 

3.         In accordance with the recommendation of Cabinet on 13 February 2025, that the financial threshold above which decisions will be regarded as Key Decisions be set at £0.5 million for 2025/26, and that the detailed budget for 2025/26 included at pages 127 to 156 of the Council agenda be approved.

 

4.         That the sum of £56,300 be taken from General Fund Balances in 2025/26 to support future General Fund revenue expenditure.

 

5.         That it be noted that the Portfolio holder for Corporate Resources and Performance and Leader of the Council determined on 19 December 2024 (D1572), the following amounts for the year 2025/26 in accordance with regulations made under section 31(B) of the Local Government Finance Act 1992.

 

(a)  39,664.26 being the amount calculated by the Council, in accordance with regulation 3 of the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012, as its council tax base for the year. (The Council Tax base for the whole district)

 

 (b)

Part of the Council’s Area

 

Tax Base

Bestwood Village

732.75

Burton Joyce

1,564.06

Calverton

2,555.11

Colwick

897.78

Lambley

505.61

Linby

403.53

Newstead

368.39

Papplewick

271.19

Ravenshead

St Albans

2,805.64

945.66

Stoke Bardolph

463.75

Woodborough

935.89

 

being the amounts calculated by the Council, in accordance with regulation 6 of the Regulations, as the amounts of its council tax base for the year for dwellings in/ those parts of its area to which one or more special items relate. (The Council Tax base for each parish)

 

6.         That the following amounts be now calculated by the Council for the year 2025/26 in accordance with sections 31A, 31B and 34 to 36 of the Local Government Finance Act 1992 (the Act):

 

(a)       £48,232,280 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(2) of the Act. (Effectively gross expenditure including parish precepts, and transfers to reserves)

 

(b)       £39,536,110 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(3) of the Act. (Effectively gross income and transfers from reserves)

 

(c)        £8,696,170 being the amount by which the aggregate at 6(a) above exceeds the aggregate at 6(b) above, calculated by the Council, in accordance with section 31A(4) of the Act, as its Council Tax Requirement for the year. (Expenditure less income)

 

(d)       £219.24 being the amount at 6(c) above, divided by  ...  view the full minutes text for item 64