Agenda item

To consider the attached report and appendices

 

 

 

The Executive Member for Corporate Resources Cllr Keeling, presented the budget proposals as set out in the agenda report as recommended by Overview and Scrutiny Committees 1 and 2 and the Executive. The Chief Finance Officer and staff, and all who had contributed to identifying savings, including the Members of the Mid Term Financial plan task and finish group, were thanked.

 

The budget proposals included 2 hours parking for £1.00 in the multistorey car park, Newton Abbot for the duration of the Queen Street works.

 

It was proposed by Cllr Keeling and seconded by the Leader Cllr Wrigley that the budget be approved as set out in the agenda report.

 

An amendment was proposed by Cllr Bullivant and seconded by Cllr Purser that the budget be approved as set out in the agenda report with an amendment that 26 spaces in the multistorey car park, Newton Abbot be free of charge for I hour to replace on street parking spaces to be lost in Queen Street.

 

A vote was taken and the amendment was LOST.

 

An amendment was proposed by Cllr P Parker and seconded by Cllr Hall that the budget be approved as set out in the agenda report with an amendment

to introduce 2 hours parking on the top two floors of the multi storey car park, Newton abbot for £1 to take effect when the Queen Street works start on a permanent basis subject to normal annual budget review of fees and charges.

 

 A vote was taken on the amendment and CARRIED, followed by a roll-call on the substantive amendment proposal as follows:

 

Recorded vote

For Cllrs Bullivant, Buscombe, Dawson, Farrand-Rogers, Foden, Goodman-Bradbury, Hall, Hayes, Henderson, Jackman, James, Jeffries, Keeling, Lake, Morgan, Nutley, Nuttall, Palethorpe, C Parker, Parrott, Peart, Purser, Rogers, Rollason, Sanders, Smith, Steemson, Swain, G Taylor, Webster, Williams and Wrigley

Total 32

 

Against Cllrs Bradford, Daws and J Taylor,

Total 3

 

Abstention Cllrs Atkins, Clarance, Gearon, MacGregor, P Parker, Radford and Ryan,

Total 7

 

The amendment was CARRIED

 

RESOLVED

The budget be approved as set out in the agenda report as follows with an amendment to introduce 2 hours parking on the top two floors of multi storey car park, Newton abbot for £1 to take effect when the Queen Street works start on a permanent basis subject to normal annual budget review of fees and charges.

 

a        That the Teignbridge band D council tax for 2024/25 is increased by 2.99% or £5.70 to £196.41 per annum

 

b        Maintaining 100% council tax support

 

c          That general reserves are increased to 12.7% of the net revenue budget for 2024/25 or £2.4 million

 

d          That £200,000 of the general reserve balance in any one year be available to the Executive to meet unexpected expenditure in addition to the agreed revenue budget

 

e          All other decisions with regard to budgetary change will be approved by reference to virement rules in the financial instructions

 

f           That the summary revenue budget for 2024/25 is £18.9 million as shown at appendix 4. In particular the revenue budget includes:

 

• Assumptions of a 4.0% pay rise for 2024/25

 

• Revenue contributions to fund capital are increased to £500,000 to support the capital budget

 

• Voluntary grants are maintained at current levels

 

• A blue badge parking permit is introduced including a budget for a Technical Support Officer to administer the scheme

 

• The councilors’ community fund grant is maintained at £1,000 each

 

• A payment of £1,000,000 to reduce the pension deficit

 

• Provision for temporary resources to cover scrutiny support and Modern 25

 

g          That fees and charges are approved as shown summarised at appendix 6.

 

h          That the capital programme as shown at appendix 7 is approved. In particular this includes:

 

• Increasing jobs and homes through continuing support for housing whilst backing business and encouraging community-led planning.  

Work continues on the Teignbridge 100 affordable housing project with 7 units in Newton Abbot already built and delivered in addition to 29 units purchased in Dawlish, Teignmouth, Newton Abbot and Chudleigh for social and affordable rent and temporary accommodation. A provision of £6.8 million has been made for the construction of a Passivhaus extremely energy-efficient design social housing scheme in Sherborne House car park.

 

Continuing investment for climate change projects following successful funding bids for low carbon heating and energy system improvements.  Schemes have been completed at leisure sites and the Council offices with work underway to deliver a second phase at Broadmeadow Sports Centre. Further provisions are made under the Carbon Action Plan for investment in carbon reduction measures covering the Authority’s Scope 1 & 2 carbon footprint, toinclude onsite renewable energy generation, thermal fabric improvements and energy efficiency improvements. 

 

• Infrastructure delivery plan investment contributing to improving education, transport links, sports and open spaces.

 

Regeneration investment aimed at improving town centres and stimulating growth in the local economy, including Newton Abbot market improvements, funded from Future High Street grant and borrowing. There is also an indicative £2 million provision for employment site investment to be funded through prudential borrowing.  A business case will be brought to members for consideration once it is finalised.

 

i         That the Financial Plan 2024 to 2029 is approved as set out in appendix 8

 

j           That the prudential indicators are noted and the prudential limits approved all as set out in appendix 11

 

k          That the updated treasury management strategy statement and authorised lending list as set out in appendix 12 is approved together with the capital strategy in appendix 12a

 

l           That each scheme will be considered on its merits as explained at the end of appendix 12 to decide the calculation of minimum revenue provision for capital expenditure in 2024/25

 

m         That the council tax resolutions as recommended in appendix 15 are approved