Issue - meetings

Committee considered a report which provided an update on the Council’s financial position following the second quarter’s budget monitoring exercise for the General Fund, the Housing Revenue Account (HRA), Capital Programme and Treasury Management activity

In response to Members’ questions, the Assistant Director - Finance & Resources advised the meeting of the following;

·       the Council would not know how the Government’s reform proposals for national non domestic rates (NNDR), would affect the Council until details were released in late December 2021,

·       the Council would receive monies from the Government in relation to their proposals to halve the cost of NNDR for the hospitality industry,

·       the impact of HS2 had not been taken into the Council’s accounts due to its uncertainty.

Moved by Councillor Tom Munro and seconded by Councillor Graham Parkin

RESOLVED that 1) the monitoring position of the General Fund at the end of the second quarter as detailed in Appendix 1 to the report (a net favourable variance of £0.275m against the profiled budget), and the key issues highlighted in the report be noted,

2) the position on the Housing Revenue Account (HRA), the Capital Programme and Treasury Management, at the end of the second quarter as detailed in Appendices 3, 4 and 5 of the report,be noted.