Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
TITLE: Fees and Charges and Income Strategy
i) the proposals outlined below were approved:
The established increase to apply generally in 2018/19 was based upon CPI and it is proposed to do the same again for 2019/20. The CPI rate in April 2019 was 2.1% and it proposed that it is the rate for any general fees and charges increases in 2019/20, with effect from 1st August 2019. This will not apply to any specific budget proposals that have already been agreed.
The residual base budget income target is £59,000 and applying the rate in 5.1 will yield £22,300 in 2019/20 but in a full year £33,500. The fees and charges included are mainly within the Resources and Chief Executives service areas.
The remaining small shortfall in a base budget sense will be derived from other income not currently allocated within the budget deriving from the introduction of the employee benefits scheme.
ii) Next steps towards a more strategic approach are noted:
The weaknesses identified in the early part of this report still need to be addressed. Indeed the continuing difficult public sector funding environment makes it more relevant. It will be important that as a Council we have an approach to income generation that:
o Is both strategic and whole authority;
o explores opportunities for generating extra revenue;
o considers subsidisation and makes considered decisions on levels;
o develops an approach appropriate for Torfaen in terms of ‘commercialisation’;
This will put the Cabinet in the position of making informed and strategic decisions.
REASON FOR DECISION: As set out in the report
CONSULTATION: As set out in the report
MEMEBERS’ INTERESTS: None declared.
Publication date: 09/07/2019
Date of decision: 09/07/2019
Decided at meeting: 09/07/2019 - Cabinet