Issue - meetings
Medium Term Financial Strategy & Budget Proposals 2018/19
Meeting: 30/01/2018 - Heritage, Culture and Leisure Committee (Item 110)
110 Medium Term Financial Strategy & Budget Proposals 2018/19 
PDF 92 KB
Additional documents:
- Appendix A - Strategic Revenue Projection, item 110
PDF 99 KB
- Appendix B - Budget Proposals in existing MTFS (updated), item 110
PDF 86 KB
- Appendix C - New Budget Proposals – Neutral Scenario, item 110
PDF 87 KB
- Appendix D - Capital Budget Proposals in existing MTFS, item 110
PDF 176 KB
- Appendix E - New Capital Budget Proposals, item 110
PDF 172 KB
Minutes:
Miss Ellie Dunnet, the Head of Finance, presented the Medium Term Financial Strategy & Budget Proposals 2018/19 to the Committee.
It was noted that:
· The market operated by the Council at Lockmeadow had consistently under-performed on its income targets. It was considered that a reduction of £40,000 on an ongoing basis should be incorporated into the strategic revenue projections.
· Provision had been made in the budget for 2017/18 for a loss of budgeted income from the Mote Park Café of £96,000, following the poor performance of the Café in 2016/17. The operation of the Café had been contracted out and an additional income of £56,000 had been reinstated in the budget. This was in line with the additional amount expected to be received under the new contract.
The Committee noted that the Council would still be providing Christmas lights for the Town Centre in 2018.
RESOLVED:
1. That the revenue budget proposals for services within the remit of this Committee as set out in Appendix C be agreed for submission to Policy and Resources Committee.
2. That the capital budget proposals for services within the remit of this Committee as set out in Appendix E be agreed for submission to Policy and Resources Committee.
Voting: Unanimous