Venue: Committee Rooms 2 and 3, Trafford Town Hall, Talbot Road, Stretford M32 0TH
Contact: Jo Maloney Governance Officer
QUESTIONS FROM MEMBERS OF THE PUBLIC
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DECLARATIONS OF INTEREST
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EXECUTIVE'S RECOMMENDATIONS TO THE COUNCIL ON THE BUDGET FOR 2020/21, AND THE MEDIUM TERM FINANCIAL STRATEGY (MTFS) FOR 2021/22 AND 2022/23
To consider reports of the Executive Member for Finance and Investment, and the Corporate Director of Finance and Systems, as follows.
That it be recommended to Council that it :-
a) Approves the 2020/21 net Revenue Budget of £175.20m.
b) Approves the 2021/22 to 2022/23 Medium Term Financial Strategy (MTFS) including the income and savings proposals.
c) Approves the calculation of the Council Tax Requirement as summarised in Section 9.1 and set out in the Formal Council Tax Resolution in Annex K (any update for changes in Mayoral Police and Crime Commissioner or Mayoral General (incl. Fire Services) Precepts, if any, will be tabled at the Council Meeting);
d) Approves the proposal to increase Council Tax by 3.99% in 2020/21:
o 1.99% general increase in the ‘relevant basic amount’ in 2020/21, 2021/22 and 2022/23, and
o 2% for the ‘Adult Social Care’ precept in 2020/21.
e) Approves the planned application of earmarked reserves as detailed in Section 6, Para 6.4.2
f) Approves the Fees and Charges for 2020/21 and those relating to Registration of Births, Death & Marriages also shown for 2021/22, as set out in the Fees & Charges booklet.
g) Delegates authority jointly to each Corporate Director in consultation with the Corporate Director of Finance and Systems to amend fees and charges during 2020/21 in the event of any change in VAT rate, as appropriate.
h) Delegates authority jointly to each Corporate Director in consultation with the Corporate Director of Finance and Systems to amend fees and charges during 2020/21 where the economics of the charge levels have changed (e.g. costs have risen unexpectedly), or for commercial reasons.
i) Approves the proposal to maintain the minimum level of General Reserve for 2020/21 at £7.0m, the same level as in 2019/20 (Section 6.6).
j) Approves the Capital Strategy, Prudential and Local Indicators and overall level of the Capital Programme and Asset Investment Fund of £368.72m (as detailed in the Capital Strategy, Capital Programme & Prudential Indicators 2020/23) of which £262.11m relates to 2020/21; including the proposal in relation to £106.92 million of new prudential borrowing.
k) Approves the Treasury Management Strategy 2020/21 to 2022/23, including the debt strategy (Section 3), the Treasury Investment Strategy (Section 5) and the Prudential Indicators, including the Authorised Limit (as required by Section 3(1) of the Local Government Act 2003, Operational Boundary, Minimum Revenue Provision and investment criteria as set out in Appendix 3 of the report.
l) Approves the proposed distribution of Dedicated Schools Grant as recommended by the School Funding Forum and Executive as summarised in Section 8 and detailed in Annex J.
Due to the late publication of the Final Local
Government Finance Settlement,
and confirmed that in recommending approval of the above, it has taken into consideration :
n) The objective assessment by the Corporate Director of Finance and Systems of the robustness of budget estimates ... view the full decision text for item 4a
That the Executive’s response to the Scrutiny Committee be approved.
(1) That the content of the report be noted.
(2) That Council be recommended to approve the Treasury Management Strategy 2020/21 – 2022/23 including the:
· policy on debt strategy as set out in section 3 of the report;
· investment strategy as set out in section 5 of the report;
· Prudential Indicators and limits including the Authorised Limit (as required by section 3(1) of the Local Government Act 2003), Operational Boundary, Minimum Revenue Provision Statement and Investment criteria as detailed in Appendix 3 to the report.
1. That approval be given to the:-
Ø Capital Programme as detailed in Appendix 2 of the report;
Ø Schemes to be undertaken from the “block” budget allocations reported in paragraph 21 and detailed Appendix 4 to the report.
2. That it be recommended that the Council approve:-
Ø the Capital Strategy as included at Appendix 1 to the report;
Ø the overall Capital Programme in the sum of £368.72m for the period 2020/23, comprising £168.72m in respect of the General Capital Programme and £200m for the Investment Fund, inclusive of the proposed £100m addition,
Ø additional prudential borrowing of £6.92m to support revenue generating investment opportunities as detailed in Paragraph 11 of the report; and £100m to support the Asset Investment Strategy; and
Ø the Prudential and Local Indicators as set out at Appendix 3 to the report.
Note: Report of the Executive Member Housing and Regeneration and the Corporate Director for Place.
1. That the Strategic Land Review Programme for 2020/21 as set out in the report be approved.
2. That authority be delegated to the Corporate Director Place to:
o negotiate and accept bids in consultation with the Corporate Director of Finance and Systems and Corporate Director for Governance and Community Strategy.
o specifically in relation to Brown Street Hale, to negotiate and accept offers from purchasers in respect of the disposal of individual residential apartments in the scheme.
o engage external resources where this will assist in implementing the programme.
o Commission, submit and/or authorise as appropriate:
i) any applications for planning permission on any properties included in the programme where this will assist in marketing and/or add value.
ii) any surveys/investigations where such surveys will reduce the risks associated with redevelopment and/or add value to the capital receipt /revenue return.
iii) any design for the site and or premises in association with either obtaining a planning consent or as part of options appraisal
iv) any demolitions or physical alterations this will either reduce the risks associated with holding the premise or accelerate the sale/redevelopment and/or add value to the capital receipt/revenue return.
o offset eligible disposal costs against capital receipts in accordance with capital regulations.
o advertise the intention to dispose of a site in the event that it comprises open space as defined by the Town and Country Planning Act 1990, in accordance with the relevant statutory procedure, and if any objections are received, to refer to the relevant portfolio holder for consideration in consultation with the Executive Member for Environment, Air Quality and Climate Change.
o acquire adjacent land or property where the acquisition will either add value to the overall development or de-risk the disposal/development of the Council asset.
o add to or substitute sites into the programme during the year.
o commission security services.
o authorise alternative methods of disposal where appropriate.
3. That the Corporate Director of Governance and Community Strategy in consultation with the Corporate Director Place and, where appropriate, the Corporate Director for Finance and Systems, be authorised to finalise and enter into all legal agreements required to implement the above decisions.
That it be recommended to Council that it approve the following:
Ø The Fees and Charges for 2020/21 and those relating to Registration of Births, Death & Marriages also shown for 2021/22, as set out in the booklet available on the Council’s web site;
Ø That approval is delegated jointly to each Corporate Director with the Corporate Director of Finance and Systems to amend fees and charges during 2020/21 in the event of any change in the rate of VAT, as appropriate;
Ø That approval be delegated jointly to each Corporate Director with the Corporate Director of Finance and Systems to amend fees and charges during 2020/21 under delegated powers where the economics of the charge levels have changed (e.g. costs have risen unexpectedly), or for commercial reasons.
To consider a report of the Executive Member for Finance and Investment.
That the amendments be approved to the Council’s Business Rates Discretionary Rate Relief policy as outlined in the report to ensure it reflects the business rates measures announced in January 2020.