Minute 3: Capital and Revenue Estimates and Council Tax
Cabinet recommends to Council
(a) that the capital programme up to the year ending 31st March 2007 be approved as submitted, including the sum of £34.189 million to be spent on affordable housing for the years from 2004-05 to 2006-07;
(b) that the revised revenue estimates for the year 2003-04 and the revenue estimates for 2004-05 be approved as submitted;
(c) that the District Council demand for general expenses for 2004-05 be £3.821 millions;
(d) that the Council sets the amount of Council Tax for each of the relevant categories of dwelling in accordance with Section 30(2) of the Local Government Finance Act 1992 on the basis of a District Council Tax for general expenses on a Band D property of £70 plus the relevant amounts required by the precepts of Parish Councils, Cambridgeshire County Council and the Cambridgeshire Police and Fire Authorities, details of those precepts and their effect to be circulated with the formal resolution required at the Council meeting; and
(e) that the prudential indicators from the Prudential Code for Capital Finance in Local Authorities be approved.
Decision:
Council RESOLVED that:
(a) the capital programme up to the year ending 31st March 2007 be approved as submitted, including the sum of £34.189 million to be spent on affordable housing for the years from 2004/05 to 2006/07;
(b) the revised revenue estimates for the year 2003/04 and the revenue estimates for 2004/05 be approved as submitted;
(c) the District Council demand for general expenses for 2004/05 be £3.821 million;
(d) the following amounts be now calculated by the Council for the year 2004/05 in accordance with Sections 32 to 36 of the Local Government Finance Act 1992:
|
i. |
£58,698,201 |
being the aggregate of the amounts which the Council estimates for the items set out in Section 32(2)(a) to (e) of the Act (gross expenditure including parish precepts and the Housing Revenue Account); |
|
ii. |
£46,710,100 |
being the aggregate of the amounts which the Council estimates for the items set out in Section 32(3)(a) to (c) of the Act (gross income including the Housing Revenue Account and use of the reserves); |
|
iii. |
£11,988,101 |
being the amount by which the aggregate at (a) above exceeds the aggregate at (b) above, calculated by the Council, in accordance with Section 32(4) of the Act, as its budget requirement for the year (net expenditure); |
|
iv. |
£5,943,620 |
being the aggregate of the sums which the Council estimates will be payable for the year into its general fund in respect of redistributed non-domestic rates and revenue support grant increased / decreased by the amount of the sums which the Council estimates will be transferred in the year from / to its collection fund to / from its general fund in accordance with Section 97(3) (Council Tax transactions) and Section 98(4) (Community Charges transactions) of the Local Government Finance Act 1988; |
|
v. |
£110.74 |
being the amount calculated by the Council, in accordance with Section 33(1) of the Act, as the basic amount of council tax for the year (average Council Tax for a band D property for the District including parishes) |
|
vi. |
£2,223,811 |
being the aggregate amount of all special items referred to in Section 34(1) of the Act (parish precepts) |
|
vii. |
£70.00 |
being the amount calculated by the Council, in accordance with Section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates (average Council Tax for a Band D property for the District excluding parishes), the amounts being for each of the categories of dwellings shown below: |
|
A |
B |
C |
D |
E |
F |
G |
H |
|
£46.67 |
£54.44 |
£62.22 |
£70.00 |
£85.56 |
£101.11 |
£116.67 |
£140.00 |
|
viii. |
in accordance with Section 34(3) of the Act, the basic amounts of council tax for the year for dwellings in those parts of its area to which a special item relates are shown by adding the amounts for band D in paragraph (vii) and Appendix ‘A’; |
|
ix. |
in accordance with Section 36(1) of the Act, the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands are shown by adding the amounts for each band in paragraph (vii) and Appendix ‘A’; |
(e) it be noted that for the year 2004/05 the Cambridgeshire County Council and the Cambridgeshire Police and Fire Authorities have stated the following amounts in precepts issued to the Council, in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below:
Valuation Bands – County Council
|
A |
B |
C |
D |
E |
F |
G |
H |
|
£542.16 |
£632.52 |
£722.88 |
£813.24 |
£993.96 |
£1,174.68 |
£1,355.40 |
£1,626.48 |
Valuation Bands – Police Authority
|
A |
B |
C |
D |
E |
F |
G |
H |
|
£86.22 |
£100.59 |
£114.96 |
£129.33 |
£158.07 |
£186.81 |
£215.55 |
£258.66 |
Valuation Bands – Fire Authority
|
A |
B |
C |
D |
E |
F |
G |
H |
|
£30.66 |
£35.77 |
£40.88 |
£45.99 |
£56.21 |
£66.43 |
£76.65 |
£91.98 |
(f) the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the amounts set out in Appendix ‘B’ as the amounts of council tax for the year 2004/05 for each of the categories of dwellings shown in Appendix ‘B’; and
(g) the prudential indicators from the Prudential Code for Capital Finance in Local Authorities be approved.
Minutes:
Council RESOLVED that:
(a) the capital programme up to the year ending 31st March 2007 be approved as submitted, including the sum of £34.189 million to be spent on affordable housing for the years from 2004/05 to 2006/07;
(b) the revised revenue estimates for the year 2003/04 and the revenue estimates for 2004/05 be approved as submitted;
(c) the District Council demand for general expenses for 2004/05 be £3.821 million;
(d) the following amounts be now calculated by the Council for the year 2004/05 in accordance with Sections 32 to 36 of the Local Government Finance Act 1992:
|
i. |
£58,698,201 |
being the aggregate of the amounts which the Council estimates for the items set out in Section 32(2)(a) to (e) of the Act (gross expenditure including parish precepts and the Housing Revenue Account); |
|
ii. |
£46,710,100 |
being the aggregate of the amounts which the Council estimates for the items set out in Section 32(3)(a) to (c) of the Act (gross income including the Housing Revenue Account and use of the reserves); |
|
iii. |
£11,988,101 |
being the amount by which the aggregate at (a) above exceeds the aggregate at (b) above, calculated by the Council, in accordance with Section 32(4) of the Act, as its budget requirement for the year (net expenditure); |
|
iv. |
£5,943,620 |
being the aggregate of the sums which the Council estimates will be payable for the year into its general fund in respect of redistributed non-domestic rates and revenue support grant increased / decreased by the amount of the sums which the Council estimates will be transferred in the year from / to its collection fund to / from its general fund in accordance with Section 97(3) (Council Tax transactions) and Section 98(4) (Community Charges transactions) of the Local Government Finance Act 1988; |
|
v. |
£110.74 |
being the amount calculated by the Council, in accordance with Section 33(1) of the Act, as the basic amount of council tax for the year (average Council Tax for a band D property for the District including parishes) |
|
vi. |
£2,223,811 |
being the aggregate amount of all special items referred to in Section 34(1) of the Act (parish precepts) |
|
vii. |
£70.00 |
being the amount calculated by the Council, in accordance with Section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates (average Council Tax for a Band D property for the District excluding parishes), the amounts being for each of the categories of dwellings shown below: |
|
A |
B |
C |
D |
E |
F |
G |
H |
|
£46.67 |
£54.44 |
£62.22 |
£70.00 |
£85.56 |
£101.11 |
£116.67 |
£140.00 |
|
viii. |
in accordance with Section 34(3) of the Act, the basic amounts of council tax for the year for dwellings in those parts of its area to which a special item relates are shown by adding the amounts for band D in paragraph (vii) and Appendix ‘A’; |
|
ix. |
in accordance with Section 36(1) of the Act, the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands are shown by adding the amounts for each band in paragraph (vii) and Appendix ‘A’; |
(e) it be noted that for the year 2004/05 the Cambridgeshire County Council and the Cambridgeshire Police and Fire Authorities have stated the following amounts in precepts issued to the Council, in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below:
Valuation Bands – County Council
|
A |
B |
C |
D |
E |
F |
G |
H |
|
£542.16 |
£632.52 |
£722.88 |
£813.24 |
£993.96 |
£1,174.68 |
£1,355.40 |
£1,626.48 |
Valuation Bands – Police Authority
|
A |
B |
C |
D |
E |
F |
G |
H |
|
£86.22 |
£100.59 |
£114.96 |
£129.33 |
£158.07 |
£186.81 |
£215.55 |
£258.66 |
Valuation Bands – Fire Authority
|
A |
B |
C |
D |
E |
F |
G |
H |
|
£30.66 |
£35.77 |
£40.88 |
£45.99 |
£56.21 |
£66.43 |
£76.65 |
£91.98 |
(f) the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the amounts set out in Appendix ‘B’ as the amounts of council tax for the year 2004/05 for each of the categories of dwellings shown in Appendix ‘B’; and
(g) the prudential indicators from the Prudential Code for Capital Finance in Local Authorities be approved.