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Councillors and committees

Issue - meetings

Base Budget and Council Tax Level 2022/23

Meeting: 22/02/2022 - Cabinet (Item 143)

143 Budget and Council Tax Level 2022/23 pdf icon PDF 1 MB

Report of the Chief Executive, Strategic Director, Resources & Digital and Corporate Management Team

Minutes:

Consideration has been given to recommending to Council the proposed Budget and Council Tax Level for 2022/23 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 2022/23 is increased by 2.99% (including a 1% adult social care Government charge) to£1,972.17.

 

 

 

 

(2)

The revenue estimates of £254.304 million for 20222/23 areapproved.

 

 

 

 

(3)

To extend the council tax hardship scheme into 2022/23 using existing funds to reduce all working age Local Council Tax Support recipients bills by £50 in 2022/23.

 

 

 

 

(4)

The budgeted use of £29.239 million Earmarked Reserves in 2022/23 be approved (comprising of £1.750 million budgeted use of strategic, £8.996 million budgeted use of pandemic, £12.675 million ringfenced covid support to retained business rates and £5.818 million budget sustainability).

 

 

 

 

(5)

That the proposed budgets including the indicative schools funding presented in appendix 2 be agreed.

 

 

 

 

(6)

That the outcome of initial budget consultation outlined in appendix 4 benoted.

 

 

 

 

(7)

To note the conclusions of the Strategic Director, Resources and Digital in respect of the robustness of budget estimates and adequacy ofreserves outlined in appendix 5.

 

 

 

 

(8)

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

 

 

 

 

(9)

That the method of calculating the Minimum Revenue Provision (MRP) for 2022/23 as set out in appendix 8 beapproved.

 

 

 

 

(10)

That it be noted that at its meeting on 25 January 2022, Cabinet agreed the following amounts for the year 2022/23 in accordance with regulations made under Section 31B (3) of the Local Government Finance Act 1992 as amended by the Localism Act 2011:

 

 

 

 

 

(a)

(a)    52,660.9 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;

 

 

 

 

 

(b)

1,214.1 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.

 

 

 

 

(11)

That the following amounts be now calculated by the Council for the year 2022/23 in accordance with Sections 31A,31B and 34 to 36 of the Local Government Finance Act 1992, as amended by the Localism Act 2011 (‘theAct’):

 

 

 

 

 

(a)

£614,685,003 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)

(£510,816,169) being the aggregate total of the income amounts, which the Council estimate for the items, set out in Section 31A (3) of theAct;

 

 

 

 

 

(c)

£103,868,834 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  ...  view the full minutes text for item 143


 

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