Decision details

Having considered a confidential report, and a presentation by the Cabinet

Member for Finance and Resources, Councillor De Ryk, the Mayor and

Cabinet resolved that:

(1) the changes to the 2020/21 to 2022/23 Capital programme be noted and

Council be recommended to approve the 2020/21 to 2022/23 Capital

Programme of £559.5m, as set out in section 5 and attached at Appendix A;

(2) Council be recommended to approve a Band D Council Tax for 2020/21 of

£1,314.37 for the Council’s element being an increase of 3.99% (including a

social care precept of 2%), based on a General Fund Budget Requirement of £248.714m for 2020/21;

(3) Council be asked to note the Greater London Authority (GLA) precept

being increased by £11.56 to £332.07 (Band D equivalent), a 3.6% increase

from its 2019/20 level;

(4) Council be asked to approve an overall total Band D Council Tax for

2020/21 of £1,646.44, a 3.91% increase, to include the GLA precept;

(5) Council be recommended to approve on 26 February 2020, the statutory

calculation of the Budget Requirement for Lewisham for 2020/21, attached at

Appendix B;

(6) Council be recommended to approve on 26 February 2020, the motion on

the budget, attached at Appendix C, including any modifications made to the

proposals published in the 2020/21 Budget Report;

(7) the provisional and estimated precept and levies from the GLA and other

bodies as detailed in Appendix D be noted and authority be delegated to the

Acting Chief Finance Officer to include any changes to these in the report for

Council;

(8) the final settlement figure for 2020/21 announced on 06 February and

confirmed as £123,149,204 be noted;

(9) there was one response from Business Rate payers to the consultation on

the draft Budget which took place from 15 January 2020 to 4 February 2020

with further information provided in section 5;

(10) the revised 2020/21 to 2022/23 prudential borrowing numbers as laid out

in tables six to nine be noted ; and

(11) the Section 25 Statement from the Chief Finance Officer attached at

Appendix E be received.