Agenda and draft minutes
Venue: via Remote Video Link
Contact: Email: committeeservices@horsham.gov.uk Direct Line: 01403 215465
No. | Item |
---|---|
Notes of previous meeting PDF 351 KB To receive the notes of the meeting held on 13 September 2021 Minutes: The notes of the meeting held on 13 September 2021 were received
|
|
Update on the Council's financial position and Medium Term Financial Strategy To receive an update from the Head of Finance & Performance Minutes: The Head of Finance & Performance updated the meeting on developments since the draft Cabinet report discussed at the previous meeting. It was noted that there were few substantial changes at this point and that further indications would be available only after the December Settlement is announced. Overall the expectation is for little significant change though there are some expecting risk pressures arising from inflation
Key areas discussed by the PDAG included: · The Council Tax Base is showing an above average growth of around 900 Band D equivalents. There is a risk that the current water neutrality issue may dampen planning applications in future years in the Medium-Term Financial Plan. Government expect councils to apply a 2% increase in the Council-tax rate levied in 2022/23. · Business rates have not fully recovered from the impact of Covid. The Council is expecting to re-join the Business Rates Pool in 2022-23, which shares growth across the member authorities, having elected not to do so in the current year due to the risks associated with Covid-19. It was noted that a number of businesses remain in default on Business rents and there was some discussion of the measures available to the Council for recovery of arrears
|
|
Forward Plan Extract for the Finance and Assets Portfolio PDF 140 KB To note the Forward Plan extract for the Finance and Assets Portfolio Minutes: The Forward Plan extract was noted
|
|
Other business Minutes: · Noted that Asset discussions had not been featured prominently in recent meetings, with a suggestion for a standing item going forward · The Chairman will invite the Head of Property and Facilities to present to the next meeting |