Decision details

Mitigate Overspends and Income Generation

Decision Maker: Transport, Regeneration and Climate Policy Committee

Decision status: Recommendations Approved

Decision:

7.1

The Committee considered a report of the Executive Director of City Futures on the progress of the 2023/24 budget process. It updated the committee on the plans to mitigate overspends and deliver stalled saving plans to bring forecast outturn back in line with budget, including seeking approval for increases where delegation was not already in place to authorise fee / charge increases. It outlined annual fees and charges to increase not originally identified as part of the budget process, but in scope to increase following additional work with finance colleagues.

 

 

7.2

RESOLVED UNANIMOUSLY: That the Transport, Regeneration and Climate Policy Committee:-

 

1.    Following the approval by Full Council on 1 March 2023 of the General Fund BIPs

a.    Agree the detailed fees and charges set out in this report as part of the budget delivery plan; and,

 

b.    Agree the additional fees and charges increases which have been reviewed in line with council’s financial regulations.

 

 

7.3

Reasons for Decision

 

 

7.3.1

The recommended fees and charges increases allow the TRC Committee to deliver the overall budget proposal previously agreed and adhere to the council’s policies on setting fair fees.

 

 

7.4

Alternatives Considered and Rejected

 

 

7.4.1

Do nothing

By undertaking none of the proposed actions, TRC committee would not be in a position to achieve the agreed budget for 2023/2024.

7.4.2

Increase fees further
The fees a council can set must, by our own financial regulations, be fair. Additionally, the vast majority of services which fall under TRC are governed by legislation which requires reasonable cost recovery only.

 

Publication date: 23/03/2023

Date of decision: 16/03/2023

Decided at meeting: 16/03/2023 - Transport, Regeneration and Climate Policy Committee

Accompanying Documents: