Venue: Committee Room - Town Hall, Station Road, Clacton-on-Sea, CO15 1SE. View directions
Contact: Keith Durran Email: email@example.com or Telephone 01255 686585.
Apologies for Absence and Substitutions
The Committee is asked to note any apologies for absence and substitutions received from Members.
Apologies for absence were received on behalf of Councillor Amos (no substitution) and Councillor Allen (Councillor Placey substituting).
To confirm and sign as a correct record, the minutes of the last meeting of the Committee, held on Monday 13 December 2021.
It was RESOLVED that the Minutes of the meeting of the Committee held on Monday 13 December 2021 be approved as a correct record.
Declarations of Interest
Councillors are invited to declare any Disclosable Pecuniary Interests or Personal Interest, and the nature of it, in relation to any item on the agenda.
There were no declarations of interest by Councillors in relation to any on the agenda for this meeting. Several Members of the Committee were associated with organisations that had received financial support through the Council in respect of the covid-19 pandemic and supporting local communities. On the face of it, there was no interest that was disclosable by individual Members arising from such associations.
Questions on Notice pursuant to Council Procedure Rule 38
Subject to providing two working days' notice, a Member of the Committee may ask the Chairman of the Committee a question on any matter in relation to which the Council has powers or duties which affect the District of Tendring and which falls within the terms of reference of the Committee.
On this occasion no Councillor had submitted notice of a question.
To enquire into the proposed budget for the Council for 2022/23 within the framework of the Council’s Medium Term Financial Strategy, its Treasury Strategy and the most recent quarterly update report on the Council’s Budget for 2021/22. The Committee will be assisted by the Leader and individual Cabinet Members in its enquiry and will examine the Cabinet’s initial highlight priority actions for 2022/23 and the synergy with the proposed Budget for 2022/23. The enquiry will address both the General Fund and Housing Revenue Account.
The Committee had before it a report that set out a number of key financial reports for consideration, including the budget proposals for 2022/23 in respect of both the General Fund (GF) and Housing Revenue Account (HRA).
The Members heard how a number of key financial reports were considered by Cabinet earlier in the year, with the comments of the Committee now requested. The various reports form part of the Committee’s work programme and the timely opportunity had been taken to bring those together within this report as part of the Committee’s wider budget consultation activities for 2022/23.
The following set out each report in turn:
1) Treasury Outturn 2022
On 17 September 2021, Cabinet considered the Treasury Outturn 2020/21.
At the above meeting, Cabinet resolved that the Treasury Management performance position for 2020/21 be noted and that the Prudential and Treasury Indicators for 2020/21 be approved.
2) Financial Performance Report at the end of Quarter 2 (2021/22)
On 12 November 2021 Cabinet considered the Financial Performance Report – In-Year Performance against the Budget at the end of the Second Quarter 2021/22 and Long Term Financial Forecast Update.
At the above meeting, Cabinet resolved:
“That, in respect of the financial performance against the budget at the end of September 2021:-
(a) the current position be noted;
(b) the proposed in-year adjustments to the budget, as set out in Appendix H to item A.8 of the Report of the Portfolio Holder for Corporate Finance & Governance, be approved;
(c) in respect of the Council’s Treasury Management Practices, the aggregate amount of money that can be placed overnight with the Council’s bankers be increased temporarily from £1.000m to £1.500m for each day the offices are closed over the Christmas 2021 break;
(d) the Council continues to be a member of the Essex Business Rates Pool in 2022/23 if it remains financially advantageous to do so; and
(e) the closing date for Members to submit claims under the Members’ COVID-19 small grant scheme be set as 31 March 2022.
2. That, in respect of the Updated Long Term Forecast:-
the updated forecast be approved and that the Resources and Service Overview and Scrutiny Committee be consulted on the latest position”.
3) Updated Financial Forecast and Budget Proposals 2022/23 (GENERAL FUND)
On 17 December 2021, Cabinet considered the Updated Financial Forecast and Initial Budget Proposals 2022/23.
At the above meeting it was resolved that Cabinet:
(a) “approves the updated Financial Forecast and proposed position for 2022/23 as set out in the Corporate Finance & Governance Portfolio Holder’s report and the appendices thereto; and
(b) requests the Resources and Services Overview and Scrutiny Committee’s comments on this latest financial forecast and proposed position for 2022/23”.
4) Housing Revenue Estimates 2022/23
On 17 December 2021, Cabinet considered the Housing Revenue Account Estimates 2022/23.
At the above meeting it was resolved that Cabinet:
(a) “approves the updated Housing Revenue Account (HRA) 30 year Business Plan and proposed position for 2022/23, as set out in the ... view the full minutes text for item 50.