Agenda item

To receive and consider the report of the Town Clerk/RFO and the Draft Revised Revenue Budget for 2020-21 and Draft Budget for 2021-22

The Committee received and considered the report of the Town Clerk/RFO, which was circulated prior to the meeting. She explained that she had not yet received the tax base information from the District Council that was needed to finalise the budget and therefore the Council would not be able to be set its budget and declare the precept at the meeting scheduled for 14 December.  Equally there was some further information from the organisation review that was required. However, it had been recommended by the Council’s consultants, LGRC that the Council should undertake a Strategic Plan and she and the Leader were therefore recommending that that date be reserved for a meeting to start this process.

Members discussed the general grants budget as due to Covid-19 not much had been spent.  Members agreed to roll the underspend over to the next financial year.

RECOMMENDED:             that the report be noted and:

1.            that the meeting on 14 December is a strategy meeting for a Strategic Plan;

2.            that the budget for the Grants – General (4100/407) for 2020/21 be rolled over into the next fiscal year;

3.            that the revised base revenue budget for 2020/21 and the estimated base revenue budgets for 2021/22, as detailed in the draft estimates be approved in principle–subject to any further adjustments necessary – particularly when unknown factors have been confirmed.