60 Draft Budget (02.02) PDF 125 KB
To review the revised draft budget changes identified and discuss any further changes required in order for the Council to move towards a balanced budget for 2020/2021.
Additional documents:
Minutes:
The Group had before it the *draft budget report from the Deputy Chief Executive (S151).
The Principal Accountant explained that the budget gap was currently calculated at £234k and that it had risen due to the changes to the car parking charges proposals made by the Cabinet which would see a £57k reduction in projected income.
He gave further detail on the following:
· Budget proposals for 2020/2021 and the Capital Programme
· Advance payment of the next 3 years pension deficit
· The revised Medium Term Plan
· The proposed revision of the minimum General Reserves (General Fund) limit to £2m
The Group gave consideration to the following:
· Clarification required of the flower beds to be removed
· The reduction of income due to the changes to the car parking charges in Tiverton and how the income was to be replaced
· Clarification of the how the reduction in the public convenience budget was to be achieved
· Clarification of the proposals for bin empting on the Canal
The Group discussed the removal of the weed team and it was explained that the Homes PDG had made a recommendation to the Cabinet that the weed team be retained. The Group AGREED to endorse the recommendation of the Homes PDG.
(Proposed by Cllr Mrs C P Daw and seconded by Cllr L Cruwys)
Note: *draft budget report previously circulated and attached to the minutes.