Agenda and decisions


Budget Planning Committee - Tuesday 9 March 2021 6.30 pm

Venue: Virtual meeting

Contact: Emma Faulkner, Democratic and Elections  Email: democracy@cherwell-dc.gov.uk, 01295 221953

Media

Items
No. Item

2.

Declarations of Interest

Members are asked to declare any interest and the nature of that interest which they may have in any of the items under consideration at this meeting.

Additional documents:

3.

Minutes pdf icon PDF 223 KB

To confirm as a correct record the minutes of the meeting held on 19 January 2021.

Additional documents:

4.

Chairman's Announcements

To receive communications from the Chairman.

Additional documents:

5.

Urgent Business

The Chairman to advise whether they have agreed to any item of urgent business being admitted to the agenda.

 

Additional documents:

6.

Monthly Finance Monitoring Report - Quarter 3 2020/21 pdf icon PDF 359 KB

Report of Director of Finance

 

Purpose of report

 

This report summarises Cherwell District Council’s (CDC’s) forecast revenue and capital outturn position for 2020/21 as at December 2020.

 

Recommendations

            

The meeting is recommended:

 

1.1      to note the contents of the report.

 

Additional documents:

Decision:

Resolved

 

(1)       That the report be noted.

7.

New Homes Bonus Consultation 2021 pdf icon PDF 366 KB

Report of Director of Finance

 

Purpose of report

 

To provide Budget Planning Committee with an overview of the Government’s consultation on the future of New Homes Bonus (NHB) and the proposed direction that the Council’s response will take.

 

Recommendations

            

The meeting is recommended to:

 

1.1      Note the Government’s consultation

 

1.2      Agree the outline principles to be considered in formulating the Council’s response to the Consultation at paragraph 3.5.

 

Additional documents:

Decision:

Resolved

 

(1)       That the Government’s consultation on the New Homes Bonus be noted.

 

(2)       That, subject to the inclusion of points regarding:

 

i.      the long-term funding strategy for Local Government; and

ii.     a request for outcomes to be prioritised over process;

 

the following principles be endorsed to form the basis of the Council’s response to the consultation;

 

·       New Homes Bonus is made as stable and certain as possible potentially by paying grant based on an average of the previous three years growth

·       New Homes Bonus is paid in a way so that it offers a material incentive and can have a material impact on the services councils can provide – and so maintain the 80:20 split between Districts and Counties

·       In order to make the grant provide a realistic incentive to all, support the hybrid option of low growth areas receiving grant based exceeding the lower of the two thresholds of exceeding historic growth and exceeding the current absolute threshold of 0.4% growth before grant is awarded.

·       Reward councils with higher payments where a local plan is in place and housing growth is approved in line with the strategic plan for the area

·       Continuing to reward councils that are able to bring long-term empty properties back into use

·    Continuing to pay a premium for affordable homes that have been developed

8.

Review of Committee Work Plan

Officers will give a verbal update regarding the Committee Work Plan for 2021/2022.

 

The next meeting of the Committee is on Tuesday 8 June 2021.

Additional documents:

Decision:

Resolved

 

(1)       That the verbal update be noted.