Issue - meetings

RESOLVED that:-

(a)          The revenue budget variations as shown at appendix 1 of the circulated report be approved;

(b)          The updated capital programme as shown at appendix 2 of the circulated report be approved; and

(c)          The updated lending list as shown at appendix 3 of the circulated report be noted.

The Portfolio Holder for Corporate Resources presented the report to identify the principal areas where there were likely to be departures from the approved 2019/20 budget and summarised the likely overall variation based on the information available to the end of August 2019. He brought Members attention to the uncertainties faced by the Council with only having a one year settlement from central government and the unknown changes in business rates retention.  He highlighted the savings that the Management Restructure had resulted in and that there had been an increase in the district new business over the last year from 5,000 to 5,300 bringing in additional business rate income.

A non-Executive Member raised a query with regards to the earmarking of the right to buy receipts for new social and affordable housing.

The Portfolio Holder for Corporate Services commented that the administration would be looking to earmark right to buy receipts specifically for social and affordable housing.

The Leader reiterated the Executive’s commitment to investment in social and affordable housing. 

The Portfolio Holder for Sport, Recreation & Culture proposed the recommendation, this was seconded by the Portfolio Holder for Waste & Environmental Health.

RESOLVED that:-

(a)          The revenue budget variations as shown at appendix 1 of the circulated report be approved;

(b)          The updated capital programme as shown at appendix 2 of the circulated report be approved; and

(c)          The updated lending list as shown at appendix 3 of the circulated report be noted.