Issue - meetings

2019/20 Draft Budget and Medium Term Financial Plan Update

Meeting: 10/01/2019 - District Executive (Item 97)

97 2019/20 Draft Budget and Medium Term Financial Plan Update pdf icon PDF 176 KB

Additional documents:

Decision:

 

RESOLVED:

That District Executive agreed:-

 

a.

to note the current estimates and next steps in respect of the draft Medium Term Financial Plan and Capital Programme.

 

 

b.

to approve in principle the changes to budget estimates in respect of pressures and savings included within the report (para 14).

 

Reason:

To update Members on the latest estimates for 2019/20 draft budget and Medium Term Financial Plan estimates for the period 2019/20 to 2023/24, together with an update on the Capital Programme.

 

Minutes:

The Section 151 Officer introduced the report and drew Members attention to various points in the report.  He said that although this was a holding report before the annual budget report in February, overall, it was a positive position.  SSDC, along with other Councils had successfully bid to be a pilot for 75% retention of business rates funding.  Although this was not entirely risk free, it was an opportunity to keep funding locally.

 

In response to questions from Members, the Chief Executive and the Section 151 Officer confirmed that:-

 

·         District Executive had agreed in March 2018 to apply an increase in car parking charges from July 2019 based on the CPI inflation rate for the previous 4 years.

·         A review of all parking, starting in Yeovil and widening out was under way, taking account of the well-being and economy of the district.

·         The reference to funding for the economic development strategy was to note that funding would need to be allocated in future years to aid its implementation.

 

At the conclusion of the debate, Members were content to approve the recommendations of the report.

 

RESOLVED:

That District Executive agreed:-

 

a.

to note the current estimates and next steps in respect of the draft Medium Term Financial Plan and Capital Programme.

 

 

b.

to approve in principle the changes to budget estimates in respect of pressures and savings included within the report (para 14).

 

Reason:

To update Members on the latest estimates for 2019/20 draft budget and Medium Term Financial Plan estimates for the period 2019/20 to 2023/24, together with an update on the Capital Programme.