The
Budget Planning Committee is a committee of Council and will make
recommendations to the Executive as appropriate within its terms of
reference.
The
Committee will:
·
Provide strategic overview of all matters that could
significantly impact upon the finances of the authority
·
Oversee the implementation of the forthcoming and
ongoing financial reform that will significantly affect the
Council
·
Provide advice on the impact of business and housing
growth in the district and estimate the financial impact of such
growth
·
Be responsible for supporting the budget setting
strategy and process for:
o
the general fund
o
capital programme
o
assets
o
treasury management
o
reserves
o
investments
o
recommending the Committee’s preferred option,
for formal consideration by Executive, in light
of the Council’s stated priorities.
·
Have a planning horizon
which will be medium term (five years) including the medium term financial strategy
·
Will also focus on major projects facing the Council
that will have a significant impact on the resources of the Council
as well as the budget setting round for the forthcoming financial
year.
·
Be responsible for considering how the council
responds to: changes in the way the
council is funded, value for money and other legislative
initiatives and reforms.
·
Innovate and challenge the way the Council manages
its budget and financial affairs.