Issue - meetings

Consideration has been given to recommending to Council the proposed Budget and

Council Tax Level for 2019/20 and the prudential indicators and Minimum Revenue

Provision (MRP) Statement as set out in the report.

RESOLVED -

That the following recommendations be made to the Council:

(1)

That Gateshead’s Band D council tax for 2019/20 is increased by 3.99% (including a 1% adult social care Government charge) to £1,753.92.

(2)

The revenue estimates of £206.999 million for 2019/20 be approved.

(3)

The use of £0.943 million Earmarked Reserves in 2019/20 be approved.

(4)

That the indicative schools funding presented in appendix 2 to the report be agreed.

(5)

To note the conclusions of the Strategic Director, Corporate Resources in respect of the robustness of budget estimates and adequacy of reserves.

(6)

That the prudential and treasury indicators set out in appendix 7 to the report be agreed.

(7)

That the method of calculating the Minimum Revenue Provision (MRP) for 2019/20 as set out in appendix 8 to the report be approved.

(8)

That the options included in the budget (following the outcome of consultation) as set out in appendix 2 to the report be noted.

(9)

That it be noted that at its meeting on 22 January 2019,

Cabinet agreed the following amounts for the year 2019/20 in accordance with regulations made under Section 31B (3) of the Local Government Finance Act 1992 as amended by the Localism Act 2011:

(a)

52,065.6 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; and

(b)

1,193.5 for Lamesley Parish being the amount

calculated by the Council, in accordance with

regulation 6 of the Regulations, as the amount of its Council Tax base for the year for dwellings in those parts of its area to which special items relate.

(10)

That the following amounts be now calculated by the Council for the year 2019/20 in accordance with Sections 31A,31B and 34 to 36 of the Local Government Finance Act 1992, as amended by the Localism Act 2011 (‘the Act’):

(a)

£562,669,625 being the aggregate total of the

expenditure amounts, which the Council estimates for the items, set out in Section 31A (2) of the Act taking into account the precept issued by Lamesley Parish Council;

(b)

(£471,339,360) being the aggregate total of the income amounts, which the Council estimates for the items, set out in Section 31A (3) of the Act;

(c)

£91,330,265 being the amount by which the aggregate at (a) above exceeds the aggregate at (b) above, calculated by the Council, in accordance with Section 31A (4) of the Act, as its Council Tax requirement for the year including Lamesley Parish Council;

(d)

£1,754.1383 being the amount at (c) above, all divided by the amount at (9)(a) above, calculated by the Council, in accordance with Section 31B (1) of the Act, as the basic amount of its Council Tax for  ...  view the full minutes text for item 132