435 2021-2022 Budget Update PDF 91 KB
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Decision:
Having considered an officer report, and a presentation by the Cabinet
Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor
and Cabinet agreed that:
(1) the changes to the 2021/22 to 2023/24 Capital programme be noted and
Council be recommended to approve the 2021/22 to 2023/24 Capital
Programme of £556.3m, as set out in section 5 and Appendix A;
(2) Council be recommended to approve a Band D Council Tax for 2021/22 of
£1,379.96 for the Council’s element, an increase of 4.99% (including a social
care precept of 3%), based on a General Fund Budget Requirement of
£243.100m for 2021/22;
(3) Council be asked to note the Greater London Authority (GLA) precept
being increased by £31.59 to £363.66 (Band D equivalent), a 9.5% increase
from its 2020/21 level;
(4) Council be asked to approve an overall total Band D Council Tax for
2021/22 of £1,743.62, a 5.91% increase, to include the GLA precept;
(5) Council be recommended to approve on 3 March 2021, the statutory
calculation of the Budget Requirement for Lewisham for 2021/22, as at
Appendix B;
(6) Council be recommended to approve on 3 March 2021, the motion on the
budget, as at Appendix C, including any modifications made to the proposals
published in the 2021/22 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
Executive Director for Corporate Resources to include any changes to these
in the report for Council;
(8) the final settlement figure for 2021/22 is being debated in parliament on 10
February and authority be delegated to the Executive Director for Corporate
Resources to include any change to the provisional settlement of
£123,304,020 in the report for Council with any difference covered from
provisions and reserves as necessary;
(9) there was no response from Business Rate payers to the consultation on
the draft Budget which took place from 11 January 2021 to 1 February 2021.
With further information as provided in section 5;
(10) the revised 2021/22 to 2023/24 prudential borrowing numbers be noted
as laid out in tables six to eight;
(11) the Section 25 Statement from the Chief Finance Officer be endorsed as
attached at Appendix E;
(12) the work being undertaken with respect of cut proposal C-22 be noted
with a further report to return to Mayor and Cabinet;
(13) the Council’s application to bid for S31 grant funding of up to £3.2m from
the Government’s Public Sector Decarbonisation Scheme be approved; and
(14) Authority be delegated to the Executive Director for Housing,
Regeneration and Public Realm the procurement and delivery of Public
Sector Decarbonisation Scheme works in consultation with the Executive
Director for Corporate Resources for the inclusion of this within the capital
programme for 2021/22.
Minutes:
The report was presented by Councillor De Ryk who confirmed that there
would be a maximum Council Tax increase of 4.99%. She added that since
the Budget had last been considered, the Council had received the welcome
news that it had made a successful application to bid for S31 grant funding of
up to £3.2m from the Government’s Public Sector Decarbonisation Scheme.
Having considered an officer report, and a presentation by the Cabinet
Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor
and Cabinet, the proposals were subject to a recorded vote under the
provisions of the Local Authorities (Standing Orders) (England) (Amendment)
Regulations 2014, with the following result:
In favour of the recommendations – 9
Mayor Egan, Councillors Barnham, Bell, Best, Bonavia, Dacres, McGeevor,
De Ryk, & Slater.
Against the recommendations – nil
Abstaining on the recommendations – nil
RESOLVED that:
(1) the changes to the 2021/22 to 2023/24 Capital programme be noted and
Council be recommended to approve the 2021/22 to 2023/24 Capital
Programme of £556.3m, as set out in section 5 and Appendix A;
(2) Council be recommended to approve a Band D Council Tax for 2021/22 of
£1,379.96 for the Council’s element, an increase of 4.99% (including a social
care precept of 3%), based on a General Fund Budget Requirement of
£243.100m for 2021/22;
(3) Council be asked to note the Greater London Authority (GLA) precept
being increased by £31.59 to £363.66 (Band D equivalent), a 9.5% increase
from its 2020/21 level;
(4) Council be asked to approve an overall total Band D Council Tax for
2021/22 of £1,743.62, a 5.91% increase, to include the GLA precept;
(5) Council be recommended to approve on 3 March 2021, the statutory
calculation of the Budget Requirement for Lewisham for 2021/22, as at
Appendix B;
(6) Council be recommended to approve on 3 March 2021, the motion on the
budget, as at Appendix C, including any modifications made to the proposals
published in the 2021/22 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
Executive Director for Corporate Resources to include any changes to these
in the report for Council;
(8) the final settlement figure for 2021/22 is being debated in parliament on 10
February and authority be delegated to the Executive Director for Corporate
Resources to include any change to the provisional settlement of
£123,304,020 in the report for Council with any difference covered from
provisions and reserves as necessary;
(9) there was no response from Business Rate payers to the consultation on
the draft Budget which took place from 11 January 2021 to 1 February 2021.
With further information as provided in section 5;
(10) the revised 2021/22 to 2023/24 prudential borrowing numbers be noted
as laid out in tables six to eight;
(11) the Section 25 Statement from the Chief Finance Officer be endorsed as
attached at Appendix E;
(12) the work being undertaken ... view the full minutes text for item 435