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Issue - meetings

Medium Term Financial Strategy and Budget Proposals

Meeting: 28/01/2020 - Economic Regeneration and Leisure Committee (Item 99)

99 Medium Term Financial Strategy and Budget Proposals pdf icon PDF 88 KB

Additional documents:

Minutes:

The Director of Finance and Business Improvement introduced the report, which confirmed that a standstill budget had been proposed, with inflationary increases only.

 

It was confirmed that a Council Tax increase of 2% had been proposed, to be approved by Council in February 2020.

 

Delays in savings were shown in the report and it was proposed that a one-off payment from the Kent Business Rates Pool reserve would be used to offset this delay.

 

The Committee noted that the Capital Budget Proposals within the report allowed for long term investment whilst achieving other objectives.

 

The Committee expressed interest in opening the Town Hall for functions and events in order to increase income for the Council.

 

RESOLVED: That

 

1.  The Revenue Budget proposals for services within the remit of this Committee, as set out in Appendix A, be agreed for submission to Policy and Resources Committee;

 

2.  The Capital Budget proposals for services within the remit of this Committee, as set out in Appendix B, be agreed for submission to Policy and Resources Committee; and

 

3.  This Committee recommend to the Democracy & General Purposes Committee that Officers look at options for promoting the Town Hall at weekends to increase income for the Council.