Issue - meetings

To consider report of the Borough Treasurer.

Consideration was given to the report of the Borough Treasurer contained on pages 807 to 814 of the Book of Reports that summarised the current General Revenue Budget position.

During the ensuing discussion a member raised a question in regard to the 75% business rate retention pilot.

RESOLVED:            That the budget position be noted.

(Relevant Portfolio Holder: Councillor A Yates)

Councillor Yates introduced the report of the Borough Treasurer which provided a summary of the current General Revenue Account budget position.

The Borough Treasurer advised on the current position in respect of the draft revenue estimates and the draft medium term capital programme.  He proposed revised recommendations to reflect the current position in order to submit firm revenue and capital proposals to Council on 27 February 2019.  The Portfolio Holder for Resources and Transformation indicated his support for the revised recommendations.

In reaching the decision below, Cabinet considered the revised recommendations of the Borough Treasurer, the comments of the Portfolio Holder for Resources and Transformation and the details as set out in the report before it and accepted the reasons contained therein.

RESOLVED  A.      That the financial position for 2019-20 and later years be noted, and consideration given to how a balanced budget can be achieved.

B.      That the Portfolio Holder for Resources and Transformation be given delegated authority to submit firm revenue and capital proposals to Council on 27 February 2019 to enable the budget to be set.

C.     That a virement of up to £30,000 from the Planning Application Fee Income budget to the Local Plan Consultancy budget as set out in section 8 be approved.

                        D.     That call-in is not appropriate for this item as it is to be submitted to the next meeting of the Executive Overview and Scrutiny Committee on 31 January 2019.