Manchester City Council Report for Resolution

Transcription

1 Manchester City Council Report for Resolution Report To: Manchester City Council Subject: COUNCIL TAX RESOLUTION FOR 2009/10 Report of: City Treasurer and Chief Executive Summary To advise the Council of the recommended formal Council Tax resolution and Collection Fund Budget for 2009/10. Recommendations The Council is recommended to : 1. Adopt the resolution attached as Appendix 1 to this report. 2. Note the position on reserves identified in appendix 2 to this report 3. In accordance with recommendation 10 of Annex 2 of the budget report to Executive 11 February 2009, to agree the revised capital budget, summary details of which are shown in Appendix 5 and agree the consequent amendments to the funding of the capital budget and to approve the revised overall funding analysis 2008/09 as shown in the table later in this report 4. Approve the Council s Treasury Management Strategy Statement, Borrowing Limits, Annual Investment Strategy 2009/10 and Minimum Revenue Provision Strategy as set out in the report to Executive on 11 February 5. Approve the Prudential Indicators as listed in Appendix 3 to this report which have been amended from those reported to the Executive in February for the impact of recommendation 3 above. 6. Approve the Collection Fund Budget for 2008/9 as set out in Appendix 4 to this report

2 Wards Affected: All Community Strategy Spine Performance of the economy of the region and sub region Reaching full potential in education and employment Individual and collective self esteem mutual respect Neighbourhoods of Choice Summary of the contribution to the strategy This report presents to council the proposed Revenue Budget and consequent Council Tax increase for the City. Whilst this has no direct implications for the community strategy spines a balanced budget is a prerequisite to the provision of the council services that support the spines and includes some transfer of resources to support key council objectives. Full details are in the body of the report, along with any implications for: Equal Opportunities Policy Risk Management Legal Considerations Financial Consequences Revenue The approval sought above is a prerequisite to having a revenue budget for 2009/10. The revenue budget incorporates provision for financing of borrowing undertaken to fund capital expenditure. Financial Consequences Capital The report proposes some changes to the proposed capital programme as reported to Executive. Details of these and any financial implications are contained within the body of the report and attached schedules. Contact Officers: Name: Richard Paver Name: Sir Howard Bernstein Position: City Treasurer Position: Chief Executive Telephone: Telephone: r.paver@manchester.gov.uk h.bernstein@manchester.gov.uk Name: Carol Culley Name: Steve Carey Position: Head of Financial Management Position: Head of Finance Group Telephone: Telephone: c.culley@manchester.gov.uk s.carey@manchester.gov.uk

3 Name: Rodney Lund Name: Dave Channon Position: Asst. City Solicitor Position: Capital accountant Telephone: Telephone: Background documents (available for public inspection): The following documents disclose important facts on which the report is based and have been relied upon in preparing the report. Copies of the background documents are available up to 4 years after the date of the meeting. If you would like a copy please contact one of the contact officers above. RSG provisional and final settlement papers, Budget Consultation Documents, Budget Consultation Responses, Final Levy and Precept notifications.

4 1.0 Introduction 1.1 At its meeting on February , the Executive noted the estimated calls against available resources and approved the three year MTFP. This identified a small shortfall of resources of 385,000 for the coming year after utilising 2.095m from the parking reserve and was based on a 3% increase in Manchester s Council Tax (before increases in the Police and Fire precepts) for 2009/ The report approved delegated authority to the City Treasurer and Chief Executive, in consultation with the Executive Member for Finance and Human Resources and the Leader of the Council to draft the recommended budget resolution for budget setting council in accordance with the legal requirements outlined in the report from the City Solicitor and taking into account the decisions of Executive and any final changes to account for final announcements on levies and other small technical adjustments. 2.0 Background 2.1 The proposed budget for 2009/10 has been compiled as part of the three year medium term financial plan as reported to the Executive on 11 February which in turn is underpinned by three year business plans from each Head of Service. The report to Executive noted a figure of total resources available of m in 2009/10 based on a 3% increase in the City s Council Tax and the utilisation of 2.095m from the parking reserve, use of 450,000 from Manchester working and 5.37m of dividends receivable from the Airport and the NCP joint venture. The total included m government support through the Revenue Support Grant (including Manchester s share of the NNDR pool) and m of Area Based Grant. 2.2 Total proposed spend against these resources was m which left a required contribution from the General Fund Reserve of 385,000. This spend included levies of m, Capital Financing Costs of m and a contingency sum of 9.914m. It also included m of partnership funding, that is the element of the Area Based Grant received that is not built into mainstream budgets but is spent in conjunction with the Manchester Partnership and m to meet the requirements of services as identified in business plans. 2.3 The report noted that some of the figures included in the report were at that time not final and gave delegated authority to the City Treasurer and Chief Executive in consultation with the Executive Member for Finance and Human Resources and the Leader to draft the recommended resolution for budget setting Council in accordance with legal requirements. 3.0 Update to Financial Position as Reported to Executive 3.1 Since reporting to Executive the following changes to the financial position as reported have been identified: We have now received final notification of levies payable to the GM Integrated Transport Authority (GMITA) and The Greater Manchester Waste Disposal

5 Authority (GMWDA). The levy from the GMITA has increased from that reported to the Executive by just 3,000, the levy from the GMWDA has increased by 71,000. The Probation Service levy has reduced by 4,000 We have also been notified of a revision to our Area Based Grant which has reduced by 43,000 from the figure reported to Executive Further investigation has identified that a growth item for 116,000 on Children s services had inadvertently been added into their cash limit twice in error. Their cash limit has now been adjusted and the budget released transferred to the unallocated contingency 3.2 The net impact of the above adjustments has been to increase the proposed call on the General fund from 385,000 as reported to Executive to 459,000 this results in a total budget requirement of 474,925, Since the report to Executive, the Council has been notified that it will receive 3.5m of additional LABGI money from the 100m that had been held back by Central Government pending resolution of outstanding judicial reviews. It is proposed that this be transferred into the LABGI reserve. 3.4 Greater Manchester Fire Authority has announced that its precept will increase to (an increase of 3.4% on last year) and the Police authority has confirmed that its band D precept will increase to (an increase of 7.5% on last year). 3.5 The net outcome of the above is that if Council approve the recommended budget requirement and the recommended increase of 3% in the City s tax level the headline Band D charge for Manchester Council Tax payers will increase from 1, in 2008/9 to 1, (an increase of 3.46%). 3.6 A Council Tax determination taking into account the above and including other technical amendments not affecting the net budget requirement or council tax level is attached as Appendix 1. Also attached as Appendix 2 is a statement of reserves that takes into account the proposed additional transfer to the LABGI reserve, and adjusted opening balance on the Capital Fund and the revised call on the General Fund Reserve as outlined in paragraph 3.2 above. 4.0 Update to Capital Programme as reported to Executive 4.1 There have been a number of alterations to the capital programme since the budget was reported to Executive on 11 February The forecast outturn 2008/09 as reported to the Executive was 327,621,000 but this figure has now reduced to 306,672,000, a reduction of 20,949,000. The reduction is attributable mainly to the movement of 17,017,000 from 2008/09 to future years (14,442,000 to 2009/10 and 2,575,000 to 2010/11) plus the decision not to proceed with the acquisition of Alpha House 4,100,000. A more comprehensive explanation of the latest monitoring figures 2008/09 will be presented within the capital monitoring report to Executive 11 March 2009.

6 The capital budget 2009/10 to 2011/12 has also been increased to reflect additions that are fully funded from external resources the increases are: o BSF 597,000 comprising 500,000 from Newall Green school (spend to save) plus 97,000 grant to St Matthews o BSF Academies 305,000 to bring the capital budget in line with the full funding resource made available by government o Heaton Park additional gates in boundary walls 65,000 funded by contributions In addition the capital budget has increased by 165,085,000 funded from prudential borrowing (19,138,000 in 2009/10, 21,425,000 in 2010/11, 41,316,000 in 2011/12 and 83,206,000 in future years) in respect of the Town Hall Complex. There are reductions to the figures reported to the Executive for 2009/10 to 2011/12 as follows: o Ashton Canal Corridor 325,000 in 2009/10 due to NWDA removing funding offer until matching funding is identified o Settlement of old CPO s 30,000 in each of 2009/10 and 2010/11 to remove duplications reported to the Executive in error last month. The revised summary capital budget detail is shown in Appendix 5. The funding analysis for 2009/10 as reported to the Executive within paragraph 20 of Annex 2 of the budget report last month requires alteration to reflect the above adjustments. The revised funding analysis is therefore: Funding 2009/ Supported Borrowing 39,687 Unsupported Borrowing Grants 254,456 Contributions 3,693 Capital Fund 9,327 Revenue 16,927 Capital Receipts 32,500 Total 398,338 (These figures and those in Appendix 5 include the capital budget proposal for the Town Hall Complex as agreed by the Executive 11 February 2009 but which is still subject to the agreement of the City Council on 25 March 2009.) 4.2 Finally there is a need to investigate development proposals concerning the West Indian Sports and Social Club. Feasibility work totaling 250,000 may be required and the City Council is requested to agree that this work can be

7 commissioned immediately, funded from resources held within the Capital Fund. 5.0 Prudential indicators 5.1 The proposed Prudential Indicators for the next three years are shown in Appendix 3. These account for the proposed changes to the capital programme as detailed above. 6.0 Collection Fund Budget 6.1 Attached for approval as appendix 4 is the proposed collection fund budget for 2009/10.

8 COUNCIL TAX RESOLUTION APPENDIX 1 SETTING THE AMOUNT OF COUNCIL TAX FOR THE COUNCIL S AREA 1 That the estimates prepared by the Executive at its meeting on 11 February 2009 be approved. 2. That it be noted that the City Treasurer acting under delegated powers determined the amount of 121,127 as the Council Tax base for Manchester for the year 2009/10 in accordance with Section 33(5) of the Local Government Finance Act 1992 and regulations 3 and 5 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992, as amended. 3. That the following amounts be now calculated by the Council for the year 2008/2009 in accordance with Sections 32 to 36 of the Local Government and Finance Act 1992:- (a) 1,657,607,223 being the aggregate of the amounts which the Council estimates for the items set out in Section 32(2)(a) to (e) of the Act (b) (1,182,681,718) being the aggregate of the amounts which the Council estimates for the items set out in Section 32(3)(a) to (c) of the Act (c) (d) (e) 474,925,505 being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with Section 32(4) of the Act, as its budget requirement for the year 338,050,724 being the aggregate of the sums which the Council estimates will be payable for the year into its general fund in respect of redistributed non-domestic rates, revenue support grant or additional grant, increased by the amount of the sums which the Council estimates will be transferred in the year from its collection fund to its general fund in accordance with the formula set out in Section 33(3) of the Local Government Finance Act 1992, as amended 1, being the amount at 3(c) above less the amount at 3(d) above, all divided by the amount at 2 above, calculated by the Council, in accordance with Section 33(1) of the Act, as the basic amount of its Council Tax for the year

9 (f) Valuation Bands A B C D E F G H , , , , , , being the amounts given by multiplying the amount at 3(e) 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. 4. That it be noted that the following amount to be transferred by the Council for the year 2009/2010 from its collection fund to its general fund in accordance with Section 97(1) of the Local Government Finance Act 1988 :- 136,874,781 being the amount given by multiplying the amount at 3(e) by the amount at 2 above. 5. That it be noted that for the year 2009/2010, the Greater Manchester Police Authority and the Greater Manchester Fire and Civil Defence Authority, 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 the dwellings shown below:- Precepting Authority Valuation Bands Greater Manchester Fire and Civil Defence Authority A B C D E F G H Greater Manchester Police Authority A B C D E F G H

10 6. That, having calculated the aggregate in each case of the amounts at 3(f) and 5 above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts of Council Tax for the year 2009/2010 for each of the categories of dwellings shown below:- Valuation Bands A B C D E F G H , , , , , , ,631.28

11 CALCULATING THE BUDGET REQUIREMENT Section 32 Calculations 1. Section 32 of the Local Government Finance Act 1992 requires the Council to make three calculations :- (i) an estimate of the Council s required gross revenue expenditure Section 32(2); (ii) (iii) an estimate of its anticipated income (excluding that from Council Tax, Non-domestic Rates and Revenue Support Grant) and of reserves to be used to aid the revenue account Section 32(3); a calculation of the difference between (i) and (ii) above, (i.e. the Budget Requirement) Section 32(4). 2. In its Section 32(2) calculation the Council is required to allow for the following Section 32(2)(a) - the estimated revenue account expenditure it will incur during the year in performing its functions; Section 32(2)(b) - an appropriate allowance for contingencies for the year, e.g. for unforeseen occurrences such as disasters, storm damage, higher than expected inflation etc.; Section 32(2)(c) - any raising of financial reserves for future expenditure examples of this include payments into a redemption fund, internal insurance etc.; Section 32(2)(d) - any revenue account deficit for a previous financial year which has not yet been provided for; Section 32(2)(e) - any amounts estimated to be transferred from the General Fund to the Collection Fund by direction of the Secretary of State under Section 98(5) of the Local Government Finance Act 1988 including an estimate of the shortfall in the collection of Nondomestic Rates in excess of the allowance.

12 3. In its Section 32(3) calculation the Council must calculate the aggregate of sums to be put against gross expenditure, namely:- Section 32(3)(a) - estimated income from fees, charges and specific grants, plus other sums payable into the general fund (but excluding Council Tax, Non-domestic Rates and Revenue Support Grant). This includes Dedicated Schools Grant of 288,454,313 and Area Based Grant of 96,074,508; Section 32(3)(b) - sums to be transferred from the Collection Fund to the General Fund pursuant to a direction of the Secretary of State under Section 98(4) of the Local Government Finance Act 1988 including allowance for costs of collection of business rates; Section 32(3)(c) - the amount of financial reserves/balances which the authority intends to use towards meeting its revenue expenditure. On the basis of current estimates, the calculations would be as follows :- Other HRA Committees Total Expenditure Section 32 (2) (a) 88,964,000 1,516,081,251 1,605,045,251 Section 32 (2) (b) 0 10,237,000 10,237,000 Section 32 (2) (c) 21,638,000 20,374,173 42,012,173 Section 32 (2) (d) Section 32 (2) (e) 0 312, , ,602,000 1,547,005,223 1,657,607,223 Income Section 32 (3) (a) (89,393,000) (1,051,477,925) (1,140,870,925) Section 32 (3) (b) 0 (1,104,743) (1,104,743) Section 32 (3) (c) (21,209,000) (19,497,050) (40,706,050) (110,602,000) (1,072,079,718) (1,182,681,718) Calculation of Budget Requirement under Section 32(4) being the amount by which the aggregate under Section 32(2) exceeds the aggregate under Section 32(3) is 474,925,505

13 CALCULATING THE BASIC AMOUNT OF COUNCIL TAX 1 Section 33 of the Local Government Finance Act 1992 requires the Council to calculate the basic amount of its Council Tax this is in effect the City Council element of the Band D tax. 2 This is calculated by applying the following formula where R P T R P T is the budget requirement is the amount of Revenue Support Grant and redistributed Nondomestic Rates, adjusted by the estimated Collection Fund deficit or surplus (adjusted to take account of estimated post-march 1993 Poll Tax transactions). is the approved Council Tax base 3 Calculation of P Revenue Support Grant 63,019,199 Non-domestic Rates 273,031, ,050,724 Add Collection Fund Surplus 2,000, ,050,724 4 Calculating the Basic Amount of Council Tax Budget Requirement 474,925,505 Less Calculation of P (338,050,724) 136,874,781 Divided by : Council Tax Base 121,127 Band D Council Tax 1,130.01

14 Key to responsibilities: 1 appropriate Strategic Director, 2 schools, 3 Executive (and Council where appropriate), 4 City Treasurer APPENDIX 2 Opening Balance 01/04/09 Withdrawals Additions Closing Balance 31/03/10 Who Responsible for use Purpose (see key above) EARMARKED RESERVES HOSPITALITY AND TRADING SERVICES New Smithfield Market Initiative Fund 766,233 8, ,233 1 NSM Car Boot 190, , ,831 1 Investment from Surpluses 227,023 10, ,023 1/3 CHILDREN S SERVICES LMS Reserve 11,971,208 1,200,000 10,771,208 2 Legal requirement. Set up as a condition of grant aid to build market. To be used for minor renewals, repairs and to meet deficiencies on the revenue account. Any spend has to be agreed by Market Traders and Members To fund initiatives that will benefit the development of New Smithfield wholesale market (can be drawn down by traders in settlement of service charge) Repayable finance to schools for service improvement. Balance of additional surpluses over the Business Plan target from previous years agreed by members for investment within the catering service Schools reserves. These figures are based on returns from schools. Recent budget outturns have indicated schools actually utilise substantially less reserves than they anticipate.

15 Key to responsibilities: 1 appropriate Strategic Director, 2 schools, 3 Executive (and Council where appropriate), 4 City Treasurer Opening Balance 01/04/09 Withdrawals Additions Closing Balance 31/03/10 Temple Schools PFI 602,227 2, ,227 4 Who Responsible for use Purpose (see key above) Established to fund the requirements re. PFI contract for the Temple school via our external contractors. Wright Robinson PFI 549, , ,013 4 Established to fund the requirements re. PFI contract for the Wright Robinson school via our external contractors. Closed school balances 1,024, , ,652 4 Closed schools balances CORPORATE SERVICES St Johns Gardens Contingency 372,444 7,500 10, ,844 1 Contributions from St Johns Gardens tenants for maintenance works ENVIRONMENTAL SERVICES Cemeteries Replacement 40,000 40,000 80,000 3 To provide additional grave spaces. Great Northern Square Maintenance Fund 275,319 36, ,319 1 Street Lighting PFI 7,479, , ,275 7,125,311 4 Bus Lane Enforcement Reserve 583, , ,101 3 Set up in accordance with the agreement with the developers of the site. It will be used for upgrading of the square. Established to fund the requirements over 25 years re. the PFI contract for Street Lighting service via our external contractors Reserve set aside from income arising from bus lane enforcement powers, which is set aside to support expenditure on transport and environmental improvements

16 Key to responsibilities: 1 appropriate Strategic Director, 2 schools, 3 Executive (and Council where appropriate), 4 City Treasurer MANCHESTER PARKING Opening Balance 01/04/09 Withdrawals Additions Closing Balance 31/03/10 Who Responsible for use (see key above) On Street Parking 1,798,726 2,095,000 1,780,000 1,483,726 3 Reserve set aside from On-Street Parking surplus's year on year, which is set aside to support expenditure on transport and environmental improvements REVENUE GRANTS European Social Co-op 22,517 22,517 4 Committed to ESF Projects MANCHESTER CITY GALLERY Art Fund 232, , , ,694 1 Purchase of Works of Art CHILDREN S SERVICES AND ADULT SOCIAL CARE Community Care Reserve 1,475,000 1,475,000 4 A fund created to deal with volatility of forecasting expenditure on Care Home Placements Cleopatra Reserve 1,500,000 1,500,000 4 Reserve to meet potential compensation claims GENERAL FUND Development Fund 3,771, ,064 3,902,702 3 To invest in schemes that will pay back investments from savings LABGI reserve 6,883,799 1,623,163 5,260,636 4 Projects being met from LABGI monies

17 Unused Dividends Reserve 3,870,000 14,130,000 14,300,000 4,040,000 3 Balance of dividends received not yet used Key to responsibilities: 1 appropriate Strategic Director, 2 schools, 3 Executive (and Council where appropriate), 4 City Treasurer Opening Balance 01/04/09 Withdrawals Additions Closing Balance 31/03/10 Who Responsible for use Purpose (see key above) Capital Fund Revenue Reserve 30,911,711 20,750,893 17,076,000 27,236,818 3 Council s contribution to major capital schemes Service Improvement Fund 7,574,940 6,006,000 2,645,785 4,214,725 4 To fund improvements in Council Services Pension Risk Fund 172, ,751 4 To meet future increases and any pensions liabilities at the end of the Joint Venture General Fund Reserve 23,450, ,000 22,987,894 3 General Reserve Housing Loans 5,977,253 5,977,253 4 To meet future interest costs Insurance Fund 18,299, , ,047 18,628,802 4 To meet future uninsured losses and self insured costs Collection Fund 2,292,000 2,292, Surplus on collection fund City Centre Initiatives Fund 53,619 53, Committed schemes to improve City Centre Total all General Fund Reserves 132,369,556 50,268,943 37,584, ,685,281

18 Key to responsibilities: 1 appropriate Strategic Director, 2 schools, 3 Executive (and Council where appropriate), 4 City Treasurer Opening Balance 01/04/09 Withdrawals Additions Closing Balance 31/03/10 Who Responsible for use Purpose (see key above) HOUSING REVENUE HRA General Reserve 3,950,000 1,188,000 2,762,000 4 General Reserve PFI Reserves 34,454,327 20,020,509 21,637,614 36,071,432 4 Smoothing reserve to meet future PFI liabilities Residual Liabilities Fund 1,530,000 1,530,000 4 Total all Housing Reserves 39,934,327 21,208,509 21,637,614 40,363,432 HOUSING CAPITAL Major Repairs Allowance 6,250,008 15,347,000 9,436, ,159 4 To meet possible future claims for environmental contamination Provides resources needed to maintain value of housing stock

19 Note: figures agreed last year shown in brackets APPENDIX 3 No. PRUDENTIAL INDICATOR 2009/ / /12 1 Ratio of Financing Costs to Net Revenue Stream Non HRA 9% (11%) 9% (11%) 9% HRA 21% (13%) 20% (12%) 21% 2 Incremental impact of Capital Investments on :- Council Tax (Band D, per annum) 6.00p 28.51p 64.34p Housing Rent per week 0.00p 0.00p 0.39p (See note A below) 3 Capital Expenditure m m m Non - HRA 364 (301) 305 (274) 149 HRA 37 (38) 28 (28) 15 TOTAL 401 (339) 333 (302) 164 (see note B below) 4 Capital Financing Requirements (as at 31 m m m March) Non - HRA 600 (600) 650 (650) 700 HRA 400 (400) 450 (450) 450 TOTAL 1,000 (1,000) 1,100 (1,100) 1,150 5 Authorised Limits for External Debt - m m m Borrowing 1,167 (1,304) 1,167 (1,304) 1,167 Other Long Term Liabilities TOTAL 1,167 (1,304) 1,167 (1,304) 1,167 (See note C below) 6 Operational Boundaries for External Debt - m m m Borrowing 1,028 (996) 1,060 (1,053) 1,108 Other Long Term Liabilities TOTAL 1,028 (996) 1,060 (1,053) 1,108 (see note C below) 7 Authority has adopted CIPFA's Code of Practice for Treasury Management in the Public Services 8 Upper Limits on Fixed Interest Rate Exposures Net Borrowing at Fixed Rates as a percentage of Total Net Borrowing 9 Upper Limits on Variable Interest Rate Exposures Net Borrowing at Variable Rates as a percentage of Total Net Borrowing Yes (Yes) 73% (87%) 79% (93%) 80% 71% (92%) 89% (94%) 93%

20 10 Maturity Structure of borrowing (2009/10 only) Lower Upper Limit Limit under 12 months 0% (0%) 50% (50%) 12 months and within 24 months 0% (10%) 60% (60%) 24 months and within 5 years 20% (10%) 70% (60%) 5 years and within 10 years 0% (0%) 60% (60%) 10 years and above 10% (10%) 60% (60%) 12 Upper Limits for Principal Sums Invested for over 364 days 0 (0) 0 (0) 0 Note A - The indicators shown for the incremental impact of capital investments on Council Tax and Housing Rents are the gross impact before taking into account revenue support received through the Revenue Support Grant settlement and HRA subsidy. To the extent that the capital programme is funded, the % net impact on council tax and housing rents is reduced by additional grant received. Note B Capital expenditure figures include proposed expenditure on Town Hall and additional proposals for reserved resources. Note C Adjustments re. PFI and similar arrangements coming back onto the City Council s Balance Sheet in 2009/10 and for operating leases being reclassified as finance leases in 2010/11 cannot, at this stage, be quantified. When the financial implications are fully known, adjustments will be made in accordance with International Financial reporting Standards (IFRS), which may require amendment of the Operational Boundary and the Authorised Limit during the year.

21 Executive 4 March 2009 COLLECTION FUND BUDGET APPENDIX Actual Original Probable Estimate Estimate Expenditure '000 '000 '000 '000 (Surplus) / Deficit B/fwd (2,888) (2,309) (3,668) (2,292) Precepts : - - Greater Manchester Fire Authority 5,538 5,904 5,904 6,222 - Greater Manchester Police Authority 13,405 14,844 14,844 16,263 - City of Manchester 123, , , ,875 Total Precepts 142, , , ,360 Total Expenditure 139, , , ,068 Income Council Tax 153, , , ,566 Write Offs (5,306) (4,120) (4,500) (4,725) Provision for non-payment (1,381) (4,933) (2,475) (3,481) Council tax receivable 146, , , ,360 Contribution of Collection Fund (surplus) / deficit :- - Greater Manchester Fire Authority (130) (90) (90) (90) - Greater Manchester Police Authority (309) (217) (217) (225) - City of Manchester (2,911) (2,002) (2,002) (1,977) Total Contribution to Collection Fund (surplus) / deficit (3,350) (2,309) (2,309) (2,292) Total Income 143, , , ,068 (Surplus) / Deficit C/fwd (3,668) 0 (2,292) 0

22 Executive 4 March 2009 Proposed Capital Budget 2009/10 to 2011/12 APPENDIX 5 Memo Only Forecast 2009/ / /12 Future Total Programme Spend Years Spend 2008/ Housing 119,058 96,030 78,733 34, ,648 Transport 24,646 21,731 19,223 5, ,159 Education 105, , ,712 70, ,620 ASC 7,716 7,083 1, ,323 CSC 1,758 5,892 2, ,663 EPCS: Chief Executives' 23,529 38,959 24,814 41,316 83, ,295 Corporate Services 18,512 30,307 12,717 10, ,779 Environment & Operations 2,586 3, ,285 Libraries & Theatres 630 4, ,659 Manchester Galleries Manchester Leisure 1, Trading Services 1, TOTALS 306, , , ,336 83, ,006