| Reference Number :- | 2117 |
| Date :- | 2011/11/16 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | Yes |
| Subject of Decision :- | Community Assets Rents Offsetting Scheme: Review |
| Decision :- | (a) That Option C be chosen as the way forward for the Council. (b) That budgetary provision be made to fund the phased reduction up to the end of 2014/15 i.e. 2012/13 £63,902; 2013/14 £43,307 and 2014/15 £21,760. |
| Reason for Decision :- | Having considered the four options and their potential financial effect on the Council. |
| Alternative Options Considered :- | (a) Continue the scheme as existing and increase the budget to suit. (b) Discontinue the scheme and address any failing groups as the need arises. (c) A phased reduction in the level of support given over three years. (d) Rebalance the scheme to continue to support groups while reducing the financial impact on the Council:- (i) Increase the amount of the flat-rate scheme, if increased to £500 the estimated 2016 budget would be £101,925. (ii) Change the grant to a percentage of the open market rent, if set at 50% the estimated 2016 budget would be £60,296. (iii) Change the grant to a flat-rate with a percentage of the open market rent above that, if set at £500 and 50%, the estimated 2016 budget would be £50,713. |
| Conflicts of Interest Delared (and Dispensations Granted by the Monitoring Officer) :- | Councillor Halliday declared a personal interest. |
| Contact Officer :- | Head of Resource Management - Karen Neath |
| Decision to Take Effect at end of :- | 2011/11/24 |
| Attachments :- | A4 Report (131K/bytes) |