Issue - meetings

The Deputy Leader and Cabinet Member for Finance and Housing submitted a report informing Members of the Council’s financial position for the period April 2015 to June 2015 and provided a projection of the estimated outturn at the end of 2015/2016.

Questions and comments were invited from Members of the Committee and the following issues were raised:

·         The Chair, Councillor Gartside, noted the plan to appoint a Marketing Officer in respect of Civic Venues and acknowledged that the projected £130k overspend was an improving figure.

·         Councillor Daly suggested that the Council could achieve increased capital receipts for the sale of land, if that land was sold with planning permission. It was suggested that the Council should have a development arm to maximise potential revenue. The Deputy Leader explained that he had requested Officers to examine potential brown field sites which may offer the opportunity to invest and build with a view to increasing the level of housing stock in the borough.

·         Councillor Daly referred to new high quality leisure facilities that had been built in Kirklees Council which had the effect of increasing participation and regenerating local sites.

It was agreed:

That the report be noted.

The Deputy Leader and Cabinet Member for Finance and Housing submitted a report informing Members of the Council’s financial position for the period April 2015 to June 2015 and provided a projection of the estimated outturn at the end of 2015/2016.

The report also provided Prudential Indicators in accordance with CIPFA’s Prudential Code.

Delegated decisions:

1.   That the financial position of the Council as at 30 June 2015 be noted.

2.   That approval be given to the s151 Officer’s assessment of the minimum level of balances.

Reason for the decision:

The report has been prepared in accordance with the Council’s Financial Regulations relating to budget monitoring.

Other option considered and rejected:

To reject the recommendations.