| 23/06 | MEDIUM TERM FINANCIAL PLAN 2023/24 TO 2025/26 | MEDIUM TERM FINANCIAL PLAN 2023/24 TO 2025/26
It was proposed by the Portfolio Holder for Corporate and Finance and seconded by the Elected Mayor the recommendations from Cabinet relating to the proposed General Fund and Housing Revenue Account Revenue and Capital budgets for 2023/24 to 2025/26 be approved.
The submitted report contained proposals to deal with the budget deficits for the financial year 2023/24 which delivered balanced budgets for the financial year.
With regard to the General Fund, Council was advised that it was proposed to freeze the Council's element of Council Tax for the year, to assist residents with the cost of living crisis. In, addition, the Government settlement for the authority was more than was expected, which had reduced the reliance on the use of reserves to contribute to the balanced position.
In respect of the Housing Revenue Account, Council was advised that the proposed 7% increase in housing rents, was in accordance with the Government's Guideline Rents.
Several members spoke in favour of the proposal not to raise the Council's element of Council Tax, but objected to the proposed rise in housing rents. In response, the Portfolio Holder for Corporate and Finance, thanked members for their supportive comments in relation to Council Tax and advised members that the 7% proposed increase in rents was in line with Government recommendations and would only affect 25% of Council tenants, as the majority of tenants were in receipt of some type of benefit payment.
On recommendation (v) being put to the vote, the following votes were recorded -
For - Elected Mayor, Councillors Anderson, Answer, Barton, Bodle, Bradshaw, Burgin, Clay, Coxhead, Elliman, Fretwell, Garner, Hanstock, Henshaw, Norman, Richardson, Saunders, Sissons, Smart, Smith, Stendall, Sutcliffe, Swinscoe, Tristram, Wallace, Walker, Wetton, Whitby and Wright.
Against - none
Abstentions - none
The Chair announced that the motion had been approved unanimously.
On recommendations (i), (ii) and (xi) being put to the vote, the following votes were recorded -
For - Elected Mayor, Councillors Anderson, Answer, Barton, Bodle, Bradshaw, Burgin, Clay, Coxhead, Elliman, Fretwell, Garner, Hanstock, Henshaw, Norman, Richardson, Saunders, Sissons, Smart, Smith, Stendall, Sutcliffe, Swinscoe, Tristram, Wallace, Walker, Wetton, Whitby and Wright.
Against - none
Abstentions - none
The Chair announced that the motion had been approved unanimously.
On recommendations (iii), (iv), (vii) and (viii) being put to the vote, the following votes were recorded -
For - Elected Mayor, Councillors Answer, Barton, Bodle, Bradshaw, Burgin, Clay, Coxhead, Fretwell, Garner, Hanstock, Henshaw, Norman, Richardson, Saunders, Sissons, Smart, Smith, Stendall, Sutcliffe, Swinscoe, Tristram, Wallace, Walker, Wetton and Whitby
Against - Councillors Anderson, Elliman and Wright
Abstentions - none
The Chair announced that the motion had been carried by 3 votes in favour, with three against and no abstentions.
On recommendations (ix) and (x) being put to the vote, the following votes were recorded -
For - Elected Mayor, Councillors Anderson, Answer, Barton, Bodle, Bradshaw, Burgin, Clay, Coxhead, Elliman, Fretwell, Garner, Hanstock, Henshaw, Norman, Richardson, Saunders, Sissons, Smart, Smith, Stendall, Sutcliffe, Swinscoe, Tristram, Wallace, Walker, Wetton, Whitby and Wright.
Against - none
Abstentions - none
The Chair announced that the motion had been approved unanimously.
Extract Minute from Cabinet
Report of Portfolio Holder for Corporate and Finance
Proposed Fees and Charges
Appendix 10 | RESOLVED -
(i) That the General Fund revenue budget for 2023/24 financial year be approved as set out in Appendix 1.
(ii) That the General Fund revenue budget for 2024/25 to 2025/26 financial year be approved in principle, subject to an annual review, as set out in Appendix 1.
(iii) That the Housing Revenue Account (HRA) revenue budget for 2023/24 financial year be approved as set out in Appendix 3.
(iv) That the Housing Revenue Account (HRA) revenue budget for the 2024/25 to 2025/26 financial years be approved in principle, subject to an annual review, as set out in Appendix 3.
(v) That the Mansfield District Council 2023/24 Band D Council Tax be approved at £194.72, which is no increase on 2022/23 Council Tax.
(vi) That the fees and charges for General Fund services be approved for the 2023/24 financial year, as defined in section 3.4.9 and detailed in -
Appendix 9 Fees & Charges
Appendix 10 Planning Application Fees
(vii) That the fees and charges for Housing Revenue Account services be approved for the 2023/24 financial year, as set out in Appendix 9.
(viii) That Council Dwelling rents be increased by 7% for the 2023/24 financial year, in line with Government Guideline Rents.
(ix) That the General Fund Consolidated Capital Programme as summarised in Table 3 and detailed in Appendix 4 be approved.
(x) That the Housing Revenue Account Consolidated Capital Programme as summarised in Table 4 and detailed in Appendix 5 be approved. |