Agenda item

Minutes:

Members considered a report on the overall Draft Revenue Budget for 2019/20, which included the Budget specifically for Corporate Policy and Resources Committee, along with the Budget recommended by Prosperous Communities Committee.  Also included were estimates for these budgets up to 2023/24.

 

The Budget included capital charges, and those pressures and changes that had previously been reported internally to Leader’s Panel between November and January, as well as those that had been approved during the course of the year.  The revenue implications of capital schemes and projects had also been built into the base budget figures.

 

For the Corporate Policy and Resources Committee, there had been a decrease of £48,000 from the 2018/19 base budget; this did exclude the use of earmarked reserves.  There were significant movements within this figure, including the return on commercial property investment, which had increased income by £511,000 in 2019/20.

 

For Prosperous Communities Committee, there had been a decrease of £93,000 from the 2018/19 base budget, with net additional income of £205,000.  The leisure management contract had resulted in a £206,000 reduction in year.

 

Planning fee income had reduced by £185,000; it was difficult to estimate the number of planning applications that would be considered by the Council, but work was underway with Planning Officers to develop a forecasting tool.

 

                        RESOLVED to:

 

(1)  Accept the Corporate Policy and Resources Committee Budget 2019/20 and recommend it to Council for inclusion in the overall Council budget 2019/20;

 

(2)  Accept the Prosperous Communities Committee Budget 2019/20 and recommend it to Council for inclusion in the overall Council budget 2019/20;

 

(3)  Recommend to Council the 2021 – 2023/24 estimates for both Corporate Policy and Resources and Prosperous Communities Committees for inclusion in the Medium Term Financial Plan 2019/20 – 2023/24.

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