Issue - decisions

(a)        That the Revenue Budget for 2012/13 be approved in the sum of £14,260,980 as set out in Appendix B.

(b)                    That £179,000 of the Budget Support Fund be utilised to fund the 2012/13 budget.

(c)                    That the Council Tax at Band ‘D’ be £176.93, unchanged from 2011/12.

(d)                    That the Capital Programme to 2012/13 be approved as set out in Appendix E, together with the Prudential Indicator relating to the Incremental Impact of Capital Investment Decisions on the Council Tax.

(e)                    That the revised minimum balances requirement be £1,500,000 and the excess of £350,000 above the current levels be transferred to the Contingency Reserve (£80,000), the Insurance Fund (£120,000) and the Provision for Bad Debts (sundry debtors) (£150,000).

(f)                     That it be noted that at its meeting on the 18 January 2012 the Cabinet calculated the following amounts for the year 2012/13:

(i)         39,136 being the amount calculated by the Council, in accordance with regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992, as its council tax base for the whole Council area for the year (Item T in the formula in Section 31B of the Local Government Finance Act 1992, as amended (the “Act”))

(ii)        For dwellings in those parts of the Council’s area to which a Parish precept relates as in the table below:

(g)        That the Council Tax requirement for the Council’s own purposes for 2012/13 (excluding Parish precepts) is £6,924,370.

(h)        That the following amounts be calculated for the year 2012/13 in accordance with Sections 31 to 36 of the Act:

(i)         £72,857,996 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (2) of the Act taking into account all precepts issued to it by Parish Councils.

(ii)        £65,602,240 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (3) of the Act.

(iii)       £7,255,756 being the amount by which the aggregate at (h)(i) above exceeds the aggregate at (h)(ii) above, calculated by the Council, in accordance with Section 31A (4) of the Act, as its Council Tax requirement for the year. (Item R in the formula in Section 31B of the Act).

(iv)       £185.40 being the amount at h (iii) above (Item R), all divided by Item T (f (i) above),  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).

(v)        £331,386 being the aggregate amount of all special items (Parish precepts) referred to in Section 34 (1) of the Act.

(vi)       £176.93 being the amount at (h) (iv) above less the result given by dividing the amount at (h) (v) above by item T (f (i) 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 item (Parish precept) relates.

(vii)       Part of the Council’s Area

Being the amounts given by adding to the amount at (h) (vi) above, the amounts of the special item or items relating to dwellings in those parts of the Council’s area mentioned above, divided in each case by the amount at (f) (ii) above calculated by the Council in accordance with Section 34(3) of the Act, as the basic amount of its Council Tax for the year for dwellings in those parts of its area to which one or more special items relate.

Being the amounts given by multiplying the amounts at (h)(vi) and (h)(vii) above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in valuation Band D, calculated by the Council, in accordance with Section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

                        (i)         That it be noted that for the year 2012/13 the major precepting authorities have stated the following amounts in precepts issued to the Council, in accordance with Section 40 of the Local Government Finance Act 1992 for each of the categories of dwelling shown below:-

                        (j)         That having calculated the aggregate in each case of the amounts at (h) (viii) and (i) above, the Council, in accordance with Section 30(2) of the Act, hereby sets the following amounts as the amounts of Council Tax for the year 2012/13 for each of the categories of dwelling shown below: