Policy And Resources Committee - 13/02/2003

At a MEETING of the FINANCE COMMITTEE held at Dundee on 13th February, 2003.

Present:-

COUNCILLORS

Councillor REGAN, Convener, in the Chair.

The minute of meeting of this Committee of 10th February, 2003 was held as read.

Unless marked thus * all items stand delegated.

I REVENUE BUDGET AND COUNCIL TAX 2003/04

On a reference to Article I of the minute of meeting of the Policy and Resources Committee of 13th February, 2003 there was submitted

(i) A letter dated 6th February, 2003 by the Director of Support Services regarding the restrictions on voting in terms of Section 112 of the Local Government (Scotland) Act 1992.

(ii) Report No. 122-2003 by the Director of Finance.

The Committee gave consideration to the recommendations in Report No. 122-2003 as far as its interests were concerned and:-

(i) noted the procedures for setting the Revenue Budget and Council Tax, as previously agreed by the Policy & Resources and Finance Committee on 13th January, 2003 and as set out in Appendix A to this report;

(ii) noted the contents of the Provisional 2003/04 Revenue Budget Volume that was issued to all Committee members on 24th December, 2002;

(iii) approved the budget adjustments detailed in Appendix B to this report and reduced the Provisional 2003/04 Revenue Budget by 72,000 to 260.500m;

(iv) noted those factors which it required to consider when setting the final Revenue Budget and Council Tax for 2003/04; as detailed in paragraphs 6.1 to 14.2 of this report; and

(v) noted the comments regarding the setting of indicative Council Tax levels for 2004/05 and 2005/06, as set out in paragraph 15.1 of this report.

Thereafter the Committee:-

1                                            Noted the contents of Report 122-2003 by the Director of Finance, together with the estimates of Revenue Expenditure for the year from 1 April 2003 to 31 March 2004 as contained in the Provisional 2003/04 Revenue Budget Volume.

2                                            Approved the 2003/04 Revenue Budget, as detailed in the Budget Volume, subject to the adjustments outlined at 3 and 4 below.

3                                            Agreed that the budget adjustments totalling a net reduction of 72,000, as detailed in Appendix B to the Director of Finance's report, be approved and included in the 2003/04 Revenue Budget.

4                                            Agreed the Review of Charges as submitted to the Policy & Resources Committee, except for the proposed increase in charges for off-street car parking in Broughty Ferry, resulting in increased income of 245,000.

5                                            Approved the calculation of the Council Tax for 2003/04, as detailed in Appendix 1

6                                            Approved that the 2003/04 Band D Council Tax be determined at 1,089 and the Council Tax for each band be set as follows:-

2003/04 Council Tax Per Band

7. Approved indicative 2004/05 and 2005/06 Band D Council Tax levels of 1,143 and 1,200 respectively, representing annual percentage increases of 5% and 5% respectively.

GEORGE REGAN, Convener

APPENDIX I

REVENUE BUDGET AND COUNCIL TAX CALCULATION 2003/04