Your Councillors

Agenda item

Medium Term Financial Strategy 2016-17 Onwards - Final Update

Decision:

Issue for decision

 

The Committee was asked to consider the resources available to provide the services that are its responsibility and comment to Policy and Resources Committee on any matters for their consideration before a recommendation is made to Council in March 2016.

 

The Committee was also asked to approve the addition of £20,000 income from Street Naming and Numbering to Appendix B – Additional Savings Proposals for 2016/17.

 

Decision made

 

1.  That the Committee agrees the additional savings and efficiencies set out in Appendix B of the report with the addition of a further income of £20,000 from Street Naming and Numbering.

 

2.  That the Committee agree the budget proposed for 2016/17 as set out in Appendix C of the report and confirm the decision to Policy and Resources Committee.

 

3.  That the Committee agree the capital programme 2016/17 to 2020/21, for this Committee, as set out in Appendix F of the report subject to the addition of any schemes agreed as part of the Committee’s consideration of the Infrastructure Delivery Plan and submit the decision to Policy and Resources Committee for inclusion in the full programme.

 

Minutes:

The Committee was asked to consider the resources available to provide the services that were its responsibility and comment to Policy and Resources Committee on any matters for their consideration before a recommendation was made to Council in March 2016.

 

The Committee was also asked to approve the addition of £20,000 income from Street Naming and Numbering to Appendix B – Additional Savings Proposals for 2016/17.

 

The Committee heard that the provisional local government finance settlement was announced by Greg Clark, Secretary of State for Local Government, on 17 December 2015.  The settlement was significantly worse than expected for this Council.  However, the settlement provided information for four years which would enable better planning for the delivery of future efficiencies.  The Revenue Support Grant would not be paid from 2017-2018 and 2019-2020 the Council will be paying £1.6m of Business Rates to Central Government on top of the tariff already paid.  This was significantly more than was assumed in the report to Policy and resources Committee on 16 December 2015 as, prior to the settlement announcement, it was expected Business Rates would remain neutral until 2020.

 

The Committee heard that the situation left the Council in need of £628k to balance the budget next year.  The budget for this year would need to be balanced by the Full Council meeting in March 2016.

 

Discussions with Officers had taken place and Appendix B of the report showed this Committee’s contribution towards savings.  The Committee was informed that, as discussed in the previous item, Planning fees and charges could not be increased.  However, because of the demand for the services the income was £40k in excess of the budget.

 

The Committee also heard that the Street Naming and Numbering service budget could be increased by £20k without increasing charges due to the volume of new development in the Borough.  This meant a further £20k could be added to the savings for this Committee making the total contribution £63k.

 

The Committee requested that the Head of Planning and Development provided a report to a future meeting of the Committee providing some insight into the resourcing needs of the department going forward to ensure the necessary level of service was provided.

 

RESOLVED:

 

1.  That the Committee agrees the additional savings and efficiencies set out in Appendix B of the report with the addition of a further income of £20,000 from Street Naming and Numbering.

 

Voting:  For – 7  Against – 0  Abstentions - 0

 

2.  That the Committee agree the budget proposed for 2016/17 as set out in Appendix C of the report and confirm the decision to Policy and Resources Committee.

 

Voting:  For – 7  Against – 0  Abstentions - 0

 

3.  That the Committee agree the capital programme 2016/17 to 2020/21, for this Committee, as set out in Appendix F of the report subject to the addition of any schemes agreed as part of the Committee’s consideration of the Infrastructure Delivery Plan and submit the decision to Policy and Resources Committee for inclusion in the full programme.

 

Voting:  For – 7  Against – 0  Abstentions – 0

 

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