Issue - meetings

Report of Interim Director and Executive Director, Finance and Governance

***Please note that this report will be to follow, as at the time of agenda publication it is being finalised***

Resolved

(1)       That the documentation be noted

The Interim Director, Richard Ellis, presented the report of the Chief Executive which sought consideration of the draft Business Planning and Performance Management documentation that would support the budget for 2018/19.

The Interim Director explained that the existing Business Plan was coming into the final year of its five year period. A ‘light touch’ refresh had been carried out, and as many of the South Northamptonshire (SNC) and Cherwell (CDC) themes and priorities were very similar, a joint plan had been put together. It was anticipated that over the summer, the process would start on a new plan for the next five year period, and a more detailed review would take place.

The Interim Director explained that the business plan for 2018-19 had been designed to fit on one page, rather than the 20 page document produced previously. The intention behind the one page document was to engage more people in the aims and priorities of the Councils.

In response to questions from the Committee, the Interim Director explained that some of the Key Performance Indicators (KPIs) had been carried over from previous years. A wholescale review of all indicators would take place as part of the review process for the next five years of the plan.

The Executive Director – Finance and Governance gave an overview of the draft budget for 2018-19 and the current position with the Medium Term Revenue Plan.

The Executive Director – Finance and Governance explained that details of the provisional settlement had been received from Government shortly before Christmas. The term of New Homes Bonus had been reduced from 6 years to 4 years as expected.

In response to questions from the Committee, the Executive Director – Finance and Governance explained that a 1% increase in Council Tax would equate to approximately £60-£65,000.

Resolved

(1)       That the documentation be noted