Issue - meetings
Medium Term Financial Strategy & Budget Proposals
Meeting: 29/01/2019 - Heritage, Culture and Leisure Committee (Item 132)
132 Medium Term Financial Strategy & Budget Proposals PDF 84 KB
Additional documents:
- MTFSAppendixA, item 132 PDF 198 KB
- MTFSAppendixB, item 132 PDF 45 KB
- Enc. 3 for Medium Term Financial Strategy & Budget Proposals, item 132 PDF 312 KB View as HTML (132/4) 38 KB
Minutes:
Mr Green presented a report on the Medium Term Financial Strategy which set out budget proposals for services within the remit of the Committee.
The Committee noted that the revenue budget was close to being balanced for 2019/20 and good progress had been made in reducing the budget gap for 2020/21.
In response to questions from Members, Mr Green advised that:-
·
The revenue budget identified that a significant
amount of money had been spent on all the parks, not just Mote
Park. However, the capital works in
Mote Park were expected to generate a financial return.
·
The savings identified for festivals and events were
in relation to direct expenditure and would not impact on staffing
resources as Officers would continue to facilitate events in the
borough.
The Committee felt that the budget and strategic plan did not necessarily align at present and it needed to ensure that the resources were sufficient to enable the strategic plan to be delivered.
RESOLVED: That
1.
The revenue budget proposals for services within the
remit of this Committee, as set out in Appendix A to the report,
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 to the report,
be agreed for submission to Policy and
Resources Committee.
3. The Committee ensures that the resources are better aligned to coincide with the aspirations of the Strategic Plan.
Voting: Unanimous