Issue - meetings
Medium Term Financial Plan - General Fund (GF), Housing Revenue Account (HRA) and Capital Programme
Meeting: 22/11/2022 - Community, People & Equalities Policy Development Group (Item 38)
To present to Member’s the updated Medium Term Financial Plan (MTFP), previously presented to Cabinet on 1st November 2022, which covers the period 2023/24 to 2027/28 and takes account of the Council’s key strategies (i.e. the Corporate Plan, Business Plans, Treasury Management Plan, Asset Management Plan, Work Force Plan and Capital Strategy) and demonstrates it has the financial resources to deliver the Corporate Plan. This models potential changes in funding levels, new initiatives, unavoidable costs and proposed service savings.
Additional documents:
- Appendix 1 - 2022_23 Budget by Service Unit, item 38
PDF 26 KB
- Appendix 2 - Budget Options , View reasons restricted (38/3)
- Leisure Services - 2023_24 Pricing Strategy PART IIv1 , View reasons restricted (38/4)
Minutes:
The Group had before it and NOTED, a *report from the Deputy Chief Executive providing the Medium Term Financial Plan.
The Corporate Manager for Finance stated that the report was a slimmed down version which had been presented to the Cabinet on 1st November 2022. The Council was looking at a budget gap of £2.1m for 2023/2024 and the Cabinet wanted the Community PDG to have discussions on the options available. He explained that the Governments recent allowed increase in Council Tax from 2% to 3% would only generate an additional £60k of income which would not close the budget gap.
The Leader explained that the Cabinet were looking to increase fees and charges in the first instance to close the budget gap rather than reductions in services.
RESOLVED that under Section 100A(4) of the Local Government Act 1972 the public be excluded from the next item of business on the grounds that it involves the likely disclosure of exempt information as defined in paragraph 3 respectively of Part 1 of Schedule 12A of the Act, namely information relating to the financial or business affairs of any particular person (including the authority holding that information)
(Proposed by the Chairman)
Members then reviewed the options included within the Part 2 appendices and made recommendations to the Cabinet on the options preferred.
(Proposed by the Chairman)
The meeting then returned to open session and:
The Community PDG RESOLVED that delegated authority be given to the Cabinet Member for Community Wellbeing to set the Leisure Pricing Strategy for the remainder of 2022 and 2023/2024.
(Proposed by the Chairman)
Note:
· *report previously circulated and attached to the minutes
· Cllr R J Dolley requested that his abstention from voting be recorded