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Agenda item

Revenue Budget 2019-20

To consider the report of the Lead Member for Organisation – Finance, Performance, Health & Safety and Governance

Decision:

RESOLVED -

 

(i)         That the Board agrees its final recommendation on the budget and council tax for consideration by Council and that:

(a) the 2019/20 revenue budget totalling £236,853,291 be approved

(b) a sum of £61,601,358 be raised from council tax which equates to £1,153.13 at band D and of that sum:-

 

(i)         £82,061 be raised as special expenses on the community areas of Acton, Caia Park, Offa and Rhosddu (£1.53), £4,885 on the community of Glyntraian (£0.09), £14,235 on the community of Llangollen Rural (£0.27) and £18,073 on the community of Chirk (£0.34)

 

(ii)        £ 61,482,104 be raised as general expenses (£1,150.90).

 

(ii)        That the Medium Term Financial Strategy Statement outlined in Appendix 4 to report HF/01/19 be recommended to Council.

 

(iii)       The 2019/20 Capital Strategy, Treasury Management Strategy Statement and the Investment Strategy as outlined in Appendix 5 and Appendix 5a to report HF/01/19 be recommended to Council.

 

Reason for decisions

 

To enable the Council to determine its revenue budget for 2019/20 and set the council tax for that year. To update the Medium Term Financial Plan and to make recommendations to Council on its Capital, Treasury Management and Investment Strategies.

Minutes:

The Lead Member for Organisation – Finance, Performance, Health and Safety and Governance submitted a report (HF/01/19) to enable the Board to make a recommendation to Council on the 2019/20 Revenue Budget and Council Tax; to receive feedback on the consultation exercises; to recommend the Medium Term Financial Strategy Statement for the period 2019/20 to 2021/22 to Council; and to recommend the Capital Strategy, Treasury Management Strategy Statement and Investment Strategy 2019/20 to Council.

 

The Lead Member presented the report and a detailed discussion ensued.  The following points were raised:

 

·         Whilst recognising the difficult financial situation, it was accepted that the budget was fair and balanced without impacting on the most vulnerable.

·         Suggestion by some Members that a further Council Tax increase would result in savings being accounted for without the need for huge cuts.

·         Clarification sought regarding the budget increase for Education, and whether secondary schools would be prioritised.  In response, the Lead Member confirmed that it was allocated to both primary and secondary schools, but there were ongoing discussions taking place to establish whether additional monies could be secured.

 

RESOLVED -

 

(i)         That the Board agrees its final recommendation on the budget and council tax for consideration by Council and that:

(a) the 2019/20 revenue budget totalling £236,853,291 be approved

(b) a sum of £61,601,358 be raised from council tax which equates to £1,153.13 at band D and of that sum:-

 

(i)         £82,061 be raised as special expenses on the community areas of Acton, Caia Park, Offa and Rhosddu (£1.53), £4,885 on the community of Glyntraian (£0.09), £14,235 on the community of Llangollen Rural (£0.27) and £18,073 on the community of Chirk (£0.34)

 

(ii)        £ 61,482,104 be raised as general expenses (£1,150.90).

 

(ii)        That the Medium Term Financial Strategy Statement outlined in Appendix 4 to report HF/01/19 be recommended to Council.

 

(iii)       The 2019/20 Capital Strategy, Treasury Management Strategy Statement and the Investment Strategy as outlined in Appendix 5 and Appendix 5a to report HF/01/19 be recommended to Council.

 

Reason for decisions

 

To enable the Council to determine its revenue budget for 2019/20 and set the council tax for that year. To update the Medium Term Financial Plan and to make recommendations to Council on its Capital, Treasury Management and Investment Strategies.

Supporting documents: