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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 icon PDF 84 KB

Additional documents:

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