Issue - meetings

Stephen Fitzgerald, Interim Head of Corporate Resources introduced the report which set out the progress on the Revenue Budget, Capital Programme and Revenue Projects and Treasury Management for 2022/23.  He noted that there was substantial change to the favourable position reported at the last meeting due to inflation, rise in energy prices and cost of living pressures and a small pressure on the staffing budget. He highlighted that in some areas revenue had increased because of local economic recovery, treasury management activity was £900,000 above target. The criteria for counter party lending and been tightened by the audit committee.  An anticipated total over-spend of £762,000 was reported and most local authorities were in similar positions.  

The Leader thanked the Interim Head of Corporate Resources for the report, noted the inflationary challenges across the economy for the Council.  The  positive impact of the treasury management activity would assist with the increased costs and noted that projects are progressing that will benefit the residents of the District.

The Cabinet Member for Planning expressed concern with the use of the Consumer Price Index (CPI)as it is not relevant to council activities.  The Interim Head of Corporate Resources advised the CPI is used as a general indicator by the Government when contracts are reviewed but local judgement is applied.

The Cabinet Member for Leisure and Parking welcomed the comprehensive report, noted the increase in revenue from parking charges.  In response to queries the Interim Head of Corporate Resources advised the Local Authority Property Fund is used by many local authorities for deposits, which has recently  underperformed but is good for medium to long term deposits. If the fund continues to underperform, it will be reviewed by the treasury management advisors, LINK. A response in writing will be provided to the Member’s query on write offs and credit notes on The Orchards retail rents. 

The Cabinet Member for Community noted the progress on the Burgess Hill Place and Connectivity programme which will help rurally based business and attract more businesses to the district, additional funds had been allocated for housing adaptations and although the Council is resilient, care must be taken in the current economic climate.

The Deputy Leader noted the cost-of-living pressures, the Council should not be complacent and ensure it delivers best value for money.  He highlighted ongoing projects in landscape and leisure, improvements to the parks and the Centre for Outdoor Sport which will help many families.

The Cabinet Member for Economic Growth and Net Zero concurred with the other Members’ comments , he noted the Council had a good financial base but expressed concern that the times ahead may be tough.

The Leader noted that no Member wished to speak further and moved to vote on the recommendations which were agreed unanimously.

RESOLVED

Cabinet recommended to Council:

(i)            that £150,000 grant income from WSCC in respect of a payment for Ukraine Support be transferred to Specific Reserve as detailed in paragraph27;

(ii)           that £20,000 grant income relating to  ...  view the full minutes text for item 5