Venue: Council Chamber - Civic Centre Folkestone. View directions
Contact: Kate Clark
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Declarations of interest Members of the committee should declare any interests which fall under the following categories:
a) disclosable pecuniary interests (DPI); b) other significant interests (OSI); c) voluntary announcements of other interests. Supporting documents: Minutes: Councillor Patricia Rolfe declared a DPI as she is a director of Oportunitas Ltd. A dispensation has been applied.
Councillor Peter Gane also declared a DPI as a director of Oportunitas with an applicable dispensation.
Councillor Rebecca Shoob declared a DPI as she is a director of Otterpool Park LLP. A dispensation has been applied.
All members remained in the meeting, taking part in discussions and voting on all items.
Councillor Gary Fuller declared a significant interest as a F&HDC housing tenant. He did not take part in discussions or voting on Agenda Item 5 (HRA Budget Monitoring Q3 2021/22) and Agenda Item 8 (Draft HRA Revenue and Capital Original Budget 2022/23). |
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General Fund Revenue Budget Monitoring - 3rd Quarter 2021/22 Monitoring report C/21/65 provides a projection of the end of year financial position of the General Fund revenue budget, based on expenditure to the 30 November 2021.
Supporting documents: Minutes: Monitoring Report C/21/65 provided a projection of the end of year financial position of the General Fund revenue budget, based on expenditure to the 30 November 2021.
Comments and questions raised by members included:
Proposed by Councillor Patricia Rolfe Seconded by Councillor Peter Gane: and
RESOLVED: To receive and note report C/21/65
(Voting: For 5; Against 0; Abstentions 0) |
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General Fund Capital Programme Budget Monitoring 2021/22 Monitoring report C/21/60 provides an updated projection of the current financial position for the General Fund capital programme profiled for 2021/22, based on expenditure to 30 November 2021, and identifies variances compared to the latest approved budget.
Supporting documents:
Minutes: Monitoring report C/21/60 provided an updated projection of the current financial position for the General Fund capital programme profiled for 2021/22, based on expenditure to 30 November 2021 and identified variances compared to the latest approved budget.
Members were advised that the General Fund MTCP will be presented to Cabinet on 10 February 2021 and not 23 February as mentioned in the report.
Members commented on reprofiling figures which mainly affected larger proposed developments.
Disabled Facilities Grant – figure shown is an underspend, however all applications received had been dealt with.
Proposed by Councillor Patricia Rolfe Seconded by Councillor Rebecca Shoob
RESOLVED: To receive and note report C/21/60.
(Voting: For 4; Against 1; Abstentions 0)
Councillor Fuller left the Chamber and did not take part in discussions or voting on the following item. |
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HRA Budget Monitoring Quarter 3 2021/22 Monitoring report C/21/62 provides a projection of the end of year financial position for the Housing Revenue Account (HRA) revenue expenditure and HRA capital programme based on net expenditure to 30 November 2021.
Supporting documents:
Minutes: Monitoring report C/21/62 provided a projection of the end of year financial position for the Housing Revenue Account (HRA) revenue expenditure and HRA capital programme based on net expenditure to 30 November 2021.
Members sought clarification on provision and repayment of bad debts as well as the rephasing of the Highview scheme.
Proposed by Councillor Peter Gane Seconded by Councillor Patricia Rolfe
RESOLVED: To receive and note report C/21/62.
(Voting: For 4; Against 0; Abstentions 0)
Councillor Fuller returned to the Chamber and took part in discussions and voting on the following items. |
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Treasury Management Strategy Statement 2022/23 and Treasury Management Monitoring Report 2021/22 Report C/21/61 sets out the proposed strategy for treasury management for 2022/23 including Treasury Management Prudential Indicators. The report also provides an update on the council’s treasury management activities that have taken place during 2021/22 against the agreed strategy for the year.
Supporting documents:
Minutes: Report C/21/61 set out the proposed strategy for treasury management for 2022/23 including Treasury Management Prudential Indicators. The report also provided an update on the council’s treasury management activities that have taken place during 2021/22 against the agreed strategy for the year.
Mr Lee Walker, Capital & Treasury Senior Specialist, provided a presentation to members which is attached to these minutes.
The presentation was divided into three sections, Mr Walker asked members for comments and questions at each section as well as referring to the report.
Introduction and summary: TM code changes – would member training be available? Tendering is progressing for TM advisory service and training will then be arranged.
Section A – TM Monitoring Report 2021/22 · Public Works Loan Board rate 4.69% seems high? This rate is for existing borrowing and advice from Arlingclose is that repaying higher interest loan debt would be cost prohibitive at present.
Section B – TM Strategy Statement 2022/23
Members thank Mr Walker and the finance team for their hard work in preparing this report.
Proposed by Councillor Peter Gane Seconded by Councillor Patricia Rolfe; and
RESOLVED: To receive and note report C/21/61.
(Voting: For 5; Against 0; Abstentions 0)
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Draft General Fund Budget 2022/23 Report C/21/67 sets out the Council’s Draft General Fund Budget for 2022/23.
Supporting documents:
Minutes: Report C/21/67 set out the Council’s Draft General Fund Budget for 2022/23.
The Director of Corporate Services, Mrs Charlotte Spendley, presented the report, referring to point 2.3. Also mentioning the funding gap of £1.11mn, some use of reserves would be required.
Members commented as follows:
Mrs Spendley advised members that the budget consultation is open for comments and would ask members to encourage residents to respond. Also, a short video has been produced explaining Council Tax, this is now live on the Council’s website. A second video is being produced which will explain how to pay your Council Tax and assistance available for residents.
Proposed by Councillor Connor McConville Seconded by Councillor Patricia Rolfe
RESOLVED: To receive and note report C/21/67.
(Voting: For 4; Against 1; Abstentions 0)
Councillor Fuller left the Chamber and did not take part in discussions or voting on the following item. |
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Draft Housing Revenue Account Revenue and Capital Original Budget 2022/23 Report C/21/66 sets out the Housing Revenue Account Revenue and Capital Budget for 2022/23 and proposes an increase in weekly rents and an increase in service charges for 2022/23.
Supporting documents:
Minutes: Report C/21/66 set out the Housing Revenue Account Revenue and Capital Budget for 2022/23 and proposes an increase in weekly rents and an increase in service charges for 2022/23.
Proposed by Councillor Connor McConville Seconded by Councillor Patricia Rolfe
RESOLVED: To receive and note report C/21/66.
(Voting: For 4; Against 0; Abstentions 0)
Prior to the closure of the meeting, members thanked all officers involved for their work in producing tonight’s complex reports. |