Agenda and minutes

The Director of Legal and Governance (and Monitoring Officer), on behalf of all Members and officers’ present at the meeting, declared a general Non Disclosable Pecuniary/Other Interest in respect of items related to the setting of the Council Tax for 2021/2022.

(In accordance with Council Procedure Rule 30.1, Councillor Jason Zadrozny

moved suspension of Council Procedure Rule 16.4, in relation to the "Content

and Length of Speeches", to enable the Portfolio Holder for Finance to deliver her budget speech for an allocated total of 15 minutes at agenda item 3 rather than over the 3 budget agenda items in 5-minute slots.

Agenda items 3, 4 and 5a would still be taken separately and the Portfolio Holder for Finance would still exercise her right of reply on each motion if required. All other Members wishing to speak would still utilise the 5-minute allocation as prescribed. Having been seconded by Councillor Tom Hollis, the motion was duly carried.)

Council was requested to approve the recommendations from the Cabinet

meeting held on 23 February 2021 in relation to the Capital Strategy.

RESOLVED

that the Capital Strategy, Commercial Property Investment Strategy and the

Commercial Property Indicators, as appended to the attached Cabinet report,

be approved.

Council was requested to consider the recommendations from the Cabinet

meeting held on 23 February 2021 in relation to the Treasury Management Policy Statement and associated documents.

RESOLVED

that the Treasury Management Policy Statement incorporating the undermentioned documents as presented, be approved:

·       Treasury Management Strategy Statement (TMSS)

·       Borrowing Strategy

·       Annual Investment Strategy

·       Minimum Revenue Provision (MRP) Policy

·       Prudential Indicators and Treasury Management Indicators

·       Treasury Management Practices: Risk Management.

Council was requested to approve the recommendations from the Cabinet meeting held on 23 February 2021 in relation to the Annual Budget and

Council Tax Setting for 2021/22 and an update for the Medium Term Financial

Strategy (MTFS).

RESOLVED that

a)    a freeze (no increase) in the level of the District’s own Council Tax for 2021/22, setting the Band D equivalent at £190.46, the same as in 2020/21, be approved;

b)    the proposed 2021/22 Revenue (General Fund) and HRA Budgets as set out in the Cabinet report (Sections 3 and 4), be approved;

c)    the proposed Capital Programme and associated borrowing 2020/21 to 2024/25 as set out in the Cabinet report (Section 5 and Appendix 1), be approved;

d)    the 2020/21 Revised HRA and Capital Budgets as set out in the Cabinet report (Sections 4 and 5), be approved;

e)    it be noted that the precept figures from Nottinghamshire County Council, Nottinghamshire Fire and Rescue Authority, Police and Crime Commissioner and the two Parish Council’s within the District have been incorporated into the Council Tax recommendation to Council;

f)      the estimated financial challenge in the Medium Term Financial Strategy (MTFS) for 2022/2023 to 2025/26 and the planned approach to address the challenge (Section 6), be noted;

g)    it be also noted that a detailed, refreshed MTFS will be brought back to Cabinet after the 2020/21 Accounts have been closed and audited and the 3 year Spending Round figures have been confirmed;

h)    the proposed use of reserves as set out in the Cabinet report (Table 5 (General Fund) and Table 9 (HRA)), and the proposed changes to reserves (as set out in Section 3.8), be approved;

i)      the comments and advice of the Corporate Finance Manager (Section 151 Officer), provided in compliance with Section 25 of the Local Government Act 2003, as to the robustness of the estimates included in the 2021/22 Budget and the adequacy of the reserves for which this budget provides (Section 7), be received and accepted;

j)      it be noted that the proposed 2021/22 budgets reflect the agreed changes to Fees and Charges approved by Cabinet on 26 January 2021;

k)    the use of in-year Capital Receipts up to 2021/22 to maximise capitalisation opportunities arising from service transformation to deliver efficiencies and improved services to residents and clients, and thereby minimise the impact of costs on the revenue budget as included in the Flexible Use of Capital Receipts Strategy 2018/19 approved by Council on 11 October 2018, be approved.

RESOLVED

that the Council Tax levels for 2021/22 on the basis of a Band “D” tax level for the District Council’s own expenditure of £190.46 (nil increase), be approved as follows:-

1.    That it be noted that on 15 December 2020 the Council calculated the Council Tax Base for 2021/22

a.    for the whole Council area:  33,731.7

b.    for dwellings in those parts of its area to which a Parish precept relates –

The Parish of Annesley and Felley:  546.3

The Parish of Selston:  3,707.8

2.    That the calculation of the Council Tax requirement for the Council’s own purposes for 2021/22 (excluding Parish precepts) is £6,424,540.

3.    That the following amounts be calculated for the year 2021/22 in accordance with Sections 31 to 36 of the Act:

5.    That the Council, in accordance with Sections 30 and 36 of the Local Government Finance Act 1992, hereby sets the aggregate amounts shown in the tables below as the amounts of Council Tax for 2021/22 for each part of its area and for each of the categories of dwellings.

  2021/22 Council Tax amounts by band: