Agenda

Budget, Council - Thursday, 20th February, 2020 8.00 pm

Venue: Council Chamber - Civic Offices, Shute End, Wokingham RG40 1BN

Contact: Anne Hunter  Democratic and Electoral Services Lead Specialist

Items
No. Item

60.

Apologies

To receive any apologies for absence

61.

Minutes of Previous Meeting pdf icon PDF 541 KB

To confirm the Minutes of the Council Meeting held on 23 January 2020

 

Additional documents:

62.

Declarations of Interest

To receive any declarations of interest

63.

Mayor's Announcements

To receive any announcements by the Mayor

64.

Public Question Time

To answer any public questions

 

A period of 30 minutes will be allowed for members of the public to ask questions submitted under notice.

 

The Council welcomes questions from members of the public about the work of the Council

 

Subject to meeting certain timescales, questions can relate to general issues concerned with the work of the Council or an item which is on the Agenda for this meeting.  For full details of the procedure for submitting questions please contact the Democratic Services Section on the numbers given below or go to www.wokingham.gov.uk/publicquestions

65.

Petitions

To receive any petitions which Members or members of the public wish to present.

66.

Medium Term Financial Plan and Associated Reports

The following Budget reports will be taken as one Agenda Item and a period of 1½ hours will be allowed to debate the item.

 

66.1

Housing Revenue Account Budget 2020/21 pdf icon PDF 150 KB

To consider the recommendations of the Executive in respect of the Housing Revenue Account budget for 2020/21.

 

RECOMMENDATION That Council approve:

 

1)          the Housing Revenue Account budget;

 

2)            that Council house dwelling rents be increased by 2.70% effective from April 2020 in line with the Welfare Reform and Work Act 2015;

 

3)            that Garage rents be increased by 2.38% effective from April 2020 in line with Council fees and charge;

 

4)            that Shared Equity Rents will be increased by 2.43% based on September RPI, effective from April 2020;

 

5)            that Tenant Service Charges are set in line with estimated costs;

 

6)            the Housing Major Repairs (capital) programme for 2020/21 as set out in Appendix B;

 

7)            that Sheltered room guest charges for 2020/21 remain at £9.50 per night per room.

Additional documents:

66.2

Capital Programme and Strategy 2020-2023 pdf icon PDF 280 KB

To consider the recommendations of the Executive in respect of the Capital Programme and Strategy 2020-2023.

 

RECOMMENDATION That Council:

 

1)         approve the Capital Strategy for 2020/23 - Appendix A,

 

2)        approve the three year capital programme for 2020/23 – Appendix B;

 

2)         note the draft vision for capital investment over the next ten years - Appendix C;

 

3)         approve the developer contributions s106 and CIL as set out in Appendix D. The s106 and CIL values are estimated and approval is sought up to the scheme budget;

 

4)        note the commercial activities of the Council.

Additional documents:

66.3

Treasury Management Strategy 2020/23 pdf icon PDF 748 KB

To consider the recommendations of the Executive in respect of the Treasury Management Strategy 2020/23.

 

RECOMMENDATION That Council approve the following:

 

1)         Capital Prudential indicators 2020/21 (Appendix A (pages 4 and 5, table 1 and 2));

 

2)         Borrowing strategy 2020/21 (Appendix A (page 8);

 

3)         Annual Investment Strategy 2020/21 (Appendix D);

 

4)         MRP policy (Appendix E); 

 

5)         Treasury Indicators: limits to borrowing activity (Appendix A (page 10 –table 5)); and

 

6)         note that the Audit Committee agreed the Treasury Management Strategy on 5th February 2020.

 

Additional documents:

66.4

Medium Term Financial Plan 2020/23 Revenue Budget Submission 2020/21 pdf icon PDF 193 KB

To consider the recommendations of the Executive in relation to the Medium Term Financial Plan 2020/23 and the Budget submission and Council Tax for 2020/21.

 

RECOMMENDATION That Council approve the following:

 

1)         the Medium Term Financial Plan (MTFP) 2020/23, including the budget submission for 2020/21;

 

2)         the statutory resolution that sets out the 2020/21 council tax levels (as set out in Appendix A to the report) (to follow);

 

3)         that in the event that there are any changes to the provisional precept of the Fire Authority or parishes, arising from their precept setting meetings being held before the end of February, the Deputy Chief Executive (S151 Officer) is delegated authority to enact all relevant changes to the MTFP, Statutory Resolution and council tax levels.

 

67.

Community Vision and Corporate Delivery Plan pdf icon PDF 140 KB

To consider the recommendations of the Executive in respect of the Community Vision and Corporate Delivery Plan.

 

RECOMMENDATION:  That Council be recommended to approve the Community Vision and Corporate Delivery Plan subject to amendments delegated to the Deputy Chief Executive in consultation with the Leader.

Additional documents:

68.

Treasury Management -Mid Year Report pdf icon PDF 131 KB

To consider the mid-year Treasury Management report for 2019/20.

 

RECOMMENDATION That Council note the following:

 

1)         the mid-year position on the treasury management portfolio;

 

2)         that the Council has worked within approved parameters;

 

3)         the forecast outturn saving of £500k (an over achievement on investments £390k, and saving on debt charges of £110k).