Agenda item

Medium Term Financial Plan (MTFP) 2016/19

To consider the recommendations of the Executive in respect of the Medium Term Financial Plan 2016/19 and Budget Submission and Council Tax for 2016/17.

 

RECOMMENDATION:  Council is recommended to approve:

1)         the Medium Term Financial Plan for 2016/19 including the revenue budget submission for 2016/17;

 

2)         the Statutory Resolution that sets out the 2016/17 council tax levels, as set out in Appendix A to the report.

 

Minutes:

It was proposed by the Leader of the Council and seconded by Councillor Anthony Pollock that the Medium Term Financial Plan for 2016/19, including the Revenue Budget Submission for 2016/17 and the Statutory Resolution setting out the 2016/17 Council Tax levels, as amended, be approved.

 

In accordance with the Regulations specified earlier in the meeting, a recorded vote was taken on the proposed recommendations for Item 66.4 – Medium Term Financial Plan 2016/19 – Revenue Budget Submission 2016/17, as amended.

 

FOR

AGAINST

ABSTAINED

Mark Ashwell

Prue Bray

Parry Batth

Keith Baker

Lindsay Ferris

Bob Pitts

Chris Bowring

Tom McCann

 

David Chopping

Beth Rowland

 

Michael Firmager

Rachelle Shepherd-Dubey

 

Mike Gore

 

Guy Grandison

 

 

Kate Haines

 

 

Mike Haines

 

 

Charlotte Haitham Taylor

 

 

Pauline Helliar-Symons

 

 

Tim Holton

 

 

Philip Houldsworth

 

 

John Jarvis

 

 

Norman Jorgensen

 

 

Pauline Jorgensen

 

 

John Kaiser

 

 

Dianne King

 

 

Abdul Loyes

 

 

Ken Miall

 

 

Philip Mirfin

 

 

Stuart Munro

 

 

Barrie Patman

 

 

Ian Pittock

 

 

Anthony Pollock

 

 

Malcolm Richards

 

 

Angus Ross

 

 

David Sleight

 

 

Chris Smith

 

 

Wayne Smith

 

 

Bill Soane

 

 

Rob Stanton

 

 

Alison Swaddle

 

 

Simon Weeks

 

 

Bob Wyatt

 

 

Shahid Younis

 

 

 

RESOLVED: That

 

1)      the Medium Term Financial Plan (MTFP) 2016/19, including the Revenue Budget Submission for 2016/17 be approved;

 

2)      the Statutory Resolution that sets out the 2016/17 Council Tax levels (Appendix A) as tabled at the meeting, be approved, and that it be noted that, at its meeting on 28th January 2016, the Special Council Executive Committee calculated the following amounts for the year 2016/17 in accordance with regulations made under Section 31B of the Local Government Finance Act 1992, as amended by the Localism Act 2011 and the Local Government Finance Act 2012:

 

a)    66,001.4 being the amount calculated by the Council (Item T) in accordance with Regulation 31B of the Local Authorities (Calculation of Council Tax Base) Regulations 1992 (as amended by the Localism Act 2011 and the Local Government Finance Act 2012) as its Council Tax base for the year;

 

b)    Part of the Council’s area:

Arborfield and Newland               1,260.0

Barkham                                    1,440.6

Charvil                                       1,399.6

Earley                                        11,704.0

Finchampstead                          5,665.3

Remenham                                317.5

Ruscombe                                 497.9

St. Nicholas Hurst                      1,044.2

Shinfield                                     4,780.7

Sonning                                     806.9

Swallowfield                               995.1

Twyford                                     2,961.5

Wargrave                                   2,085.0

Winnersh                                   3,801.3

Wokingham                                14,294.6

Wokingham Without                   3,107.1

Woodley                                    9,840.1

                                                 -----------

                                                 66,001.4

 

being the amounts calculated by the Council, in accordance with Regulation 6 of the Regulations, as the amounts of its Council tax base for the year for dwellings in those parts of its area to which a Parish Precept relates;

 

3)      the Council Tax requirement for the Council’s own purposes for 2016/17 (excluding Parish Precepts) be £85,492,273 (including £1,623,991 in respect of the Adult Social Care Precept for 2016/17 which is based on a 2% increase on the 2015/16 Council Tax level);

 

4)

the following amounts be now calculated by the Council for the year 2016/2017 in accordance with Sections 32 to 36 of the Local Government Finance Act 1992, amended by the Localism Act 2011 (noting, however, that the precepts shown below for the Parishes of Arborfield and Newland, Earley, Winnersh and Woodley are provisional and are subject to approval at the Parishes’ Annual Precept meetings between February 10th and February 17th 2016):

 

(a)

£292,807,692

being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2)(a) to (f) of the Act taking into account all precepts issued to it by Parish Councils;

(b)

(£203,581,539)

being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3)(a) to (d) of the Act;

(c)

£89,226,153

being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with Section 31A(4) of the Act, as its Council Tax requirement for the year (Item R);

(d)

£1,351.88

being the amount at 3(c) above (Item R), all divided by 1(a) above (Item T), calculated by the Council, in accordance with Section 31B of the Act, as the 'basic amount of its Council Tax for the year (including Parish precepts);

(e)

£3,733,880

being the aggregate amount of all special items (Parish precepts) referred to in Section 34(1) of the Act (as per the table below)

 

2016/17

2015/16

TAX BASE

PARISH PRECEPT

PARISH BAND D

TAX BASE

PARISH PRECEPT

PARISH BAND D

Council Tax Change

£

£

£

£

%

Arborfield and Newland

1,260.0

87,866

69.73

 

1,259.5

86,280

68.50

1.80

Barkham

1,440.6

42,342

29.39

 

1,440.1

38,342

26.62

10.40

Charvil

1,399.6

39,655

28.33

 

1,392.4

39,451

28.33

0.00

Earley

11,704.0

778,784

66.54

 

11,671.1

747,387

64.04

3.90

Finchampstead

5,665.3

123,848

21.86

 

5,653.7

122,410

21.65

0.97

Remenham

317.5

22,250

70.08

 

317.5

21,420

67.46

3.88

Ruscombe

497.9

10,266

20.62

 

495.6

9,766

19.71

4.62

St. Nicholas Hurst

1,044.2

25,035

23.98

 

1,039.6

22,500

21.64

10.81

Shinfield

4,780.7

316,950

66.30

 

4,621.2

277,919

60.14

10.24

Sonning

806.9

34,700

43.00

 

805.9

34,400

42.69

0.73

Swallowfield

995.1

19,108

19.20

 

957.0

18,540

19.37

(0.88)

Twyford

2,961.5

67,798

22.89

 

2,944.0

58,598

19.90

15.02

Wargrave

2,085.0

161,465

77.44

 

2,078.7

154,937

74.54

3.89

Winnersh

3,801.3

107,801

28.36

 

3,800.7

107,801

28.36

0.00

Wokingham

14,294.6

710,990

49.74

 

14,042.0

665,195

47.37

5.00

Wokingham Without

3,107.1

145,415

46.80

 

3,073.3

143,925

46.83

(0.06)

Woodley

9,840.1

1,039,607

105.65

 

9,564.9

1,010,532

105.65

0.00

 

 

 

 

 

 

 

 

Total / Average

66,001.4

3,733,880

56.57

 

65,157.2

3,559,403

54.63

3.55

 

f)

£1,295.31

being the amount at 3(d) above less the result given by dividing the amount at 3(e) above by the amount at 1(a) above,  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 items relates;

 

5)

it be noted that for the year 2016/2017 the Police and Crime Commissioner for the Thames Valley has issued a precept to the Council in accordance with Section 40 of the Local Government Finance Act 1992 for each category of dwellings in the Council's area as indicated in the table below;

6)

the Council in accordance with Sections 30 and 36 of the Local Government Finance Act 1992, hereby sets the aggregate amounts shown in the tables below as the amounts of Council Tax for 2016/2017 for each part of its area and for each of the categories of dwellings.

SUMMARY OF COUNCIL TAX 2016/2017

 

Valuation Bands

 

A

B

C

D

E

F

G

H

Wokingham Borough Council

863.54

1,007.46

1,151.39

1,295.31

1,583.16

1,871.00

2,158.85

2,590.62

Thames Valley Police Authority

111.31

129.86

148.41

166.96

204.06

241.16

278.27

333.92

Royal Berkshire Fire Authority

40.84

47.65

54.46

61.27

74.88

88.50

102.11

122.54

 

Aggregate of Council Tax Requirement for each Parish and the Borough for each part of the Council's area:-

 

 

A

B

C

D

E

F

G

H

Arborfield & Newland

910.03

1,061.69

1,213.37

1,365.04

1,668.39

1,971.72

2,275.07

2,730.08

Barkham

883.13

1,030.32

1,177.51

1,324.70

1,619.08

1,913.45

2,207.83

2,649.40

Charvil

882.43

1,029.49

1,176.57

1,323.64

1,617.79

1,911.92

2,206.07

2,647.28

Earley

907.90

1,059.21

1,210.54

1,361.85

1,664.49

1,967.11

2,269.75

2,723.70

Finchamp-stead

878.11

1,024.46

1,170.82

1,317.17

1,609.88

1,902.58

2,195.28

2,634.34

Remenham

910.26

1,061.97

1,213.68

1,365.39

1,668.81

1,972.23

2,275.65

2,730.78

Ruscombe

877.29

1,023.50

1,169.72

1,315.93

1,608.36

1,900.78

2,193.22

2,631.86

St. Nicholas Hurst

879.53

1,026.11

1,172.71

1,319.29

1,612.47

1,905.64

2,198.82

2,638.58

Shinfield

907.74

1,059.03

1,210.32

1,361.61

1,664.19

1,966.77

2,269.35

2,723.22

Sonning

892.21

1,040.90

1,189.61

1,338.31

1,635.72

1,933.11

2,230.52

2,676.62

Swallowfield

876.34

1,022.39

1,168.46

1,314.51

1,606.63

1,898.73

2,190.85

2,629.02

Twyford

878.80

1,025.26

1,171.74

1,318.20

1,611.14

1,904.06

2,197.00

2,636.40

Wargrave

915.17

1,067.69

1,220.23

1,372.75

1,677.81

1,982.86

2,287.92

2,745.50

Winnersh

882.45

1,029.52

1,176.60

1,323.67

1,617.82

1,911.96

2,206.12

2,647.34

Wokingham Town

896.70

1,046.15

1,195.60

1,345.05

1,643.95

1,942.85

2,241.75

2,690.10

Wokingham Without

894.74

1,043.86

1,192.99

1,342.11

1,640.36

1,938.60

2,236.85

2,684.22

Woodley

933.97

1,089.63

1,245.30

1,400.96

1,712.29

2,023.61

2,334.93

2,801.92

 

Aggregate of Council Tax Requirements for each part of the Council's area:

 

A

B

C

D

E

F

G

H

Arborfield & Newland

1,062.18

1,239.20

1,416.24

1,593.27

1,947.33

2,301.38

2,655.45

3,186.54

Barkham

1,035.28

1,207.83

1,380.38

1,552.93

1,898.02

2,243.11

2,588.21

3,105.86

Charvil

1,034.58

1,207.00

1,379.44

1,551.87

1,896.73

2,241.58

2,586.45

3,103.74

Earley

1,060.05

1,236.72

1,413.41

1,590.08

1,943.43

2,296.77

2,650.13

3,180.16

Finchamp-stead

1,030.26

1,201.97

1,373.69

1,545.40

1,888.82

2,232.24

2,575.66

3,090.80

Remenham

1,062.41

1,239.48

1,416.55

1,593.62

1,947.75

2,301.89

2,656.03

3,187.24

Ruscombe

1,029.44

1,201.01

1,372.59

1,544.16

1,887.30

2,230.44

2,573.60

3,088.32

St. Nicholas Hurst

1,031.68

1,203.62

1,375.58

1,547.52

1,891.41

2,235.30

2,579.20

3,095.04

Shinfield

1,059.89

1,236.54

1,413.19

1,589.84

1,943.13

2,296.43

2,649.73

3,179.68

Sonning

1,044.36

1,218.41

1,392.48

1,566.54

1,914.66

2,262.77

2,610.90

3,133.08

Swallowfield

1,028.49

1,199.90

1,371.33

1,542.74

1,885.57

2,228.39

2,571.23

3,085.48

Twyford

1,030.95

1,202.77

1,374.61

1,546.43

1,890.08

2,233.72

2,577.38

3,092.86

Wargrave

1,067.32

1,245.20

1,423.10

1,600.98

1,956.75

2,312.52

2,668.30

3,201.96

Winnersh

1,034.60

1,207.03

1,379.47

1,551.90

1,896.76

2,241.62

2,586.50

3,103.80

Wokingham Town

1,048.85

1,223.66

1,398.47

1,573.28

1,922.89

2,272.51

2,622.13

3,146.56

Wokingham Without

1,046.89

1,221.37

1,395.86

1,570.34

1,919.30

2,268.26

2,617.23

3,140.68

Woodley

1,086.12

1,267.14

1,448.17

1,629.19

1,991.23

2,353.27

2,715.31

3,258.38

 

Supporting documents: