Budget Review Task and Finish Group
An oral report will be provided by members of the Budget Review Task and Finish Group.
Minutes:
In Mr Ransley’s absence, Mr Ward (Head of Finance & Governance) gave an oral report on the considerations of the Budget Review Task and Finish Group.
The amount of Revenue Support Grant (RSG) we will receive is worse than predicted. Those authorities who run out of Revenue Support Grant (RSG) will still have to contribute by way of a negative RSG. Our New Homes Bonus (NHB) grant has been confirmed for 2016-17 which is more than anticipated. The overall position in the draft budget assumed no Council Tax increase and the outsourcing of the Council’s leisure function.
This authority does not rely on NHB to resource the base budget and therefore we are in a better position that some of our neighbours. It was surprising that the split of business rates 80% district and 20% county had not been consulted upon by Government.
RESOLVED
That the oral report be noted.