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Waverley Borough Council Committee System - Committee Document

Meeting of the Environment and Leisure Overview and Scrutiny Committee held on 23/11/2004
Draft General Fund Revenue Estimates 2005/2006



Summary & Purpose
The purpose of this report is to seek this Committee’s views on the draft Revenue Estimates for the services within its remit.

Quality of Life Implications
Natural Resource Use
Pollution Prevention and Control
Biodiversity and Nature
Local Environment
Social Inclusion
Safe Communities
Local Economy
Natural
Resource Use
Pollution
Prevention and Control
Biodiversity
and Nature
Local
Environment
Social
Inclusion
Safe, Healthy
and Active
Communities
Local
Economy
Positive
Positive
Positive
Positive
Positive
Positive
Positive



E-Government implications:

There are no E-Government implications.

Resource and legal implications:

There are no specific legal implications as a result of this report. Resource implications are contained throughout the report.

Introduction

1. At the commencement of the 2005/2006 Budget process, Members were invited to attend a seminar that was held at the Cranleigh Arts Centre on 19th October 2004. All Members have either attended or have been sent a copy of the presentation. Items covered included draft Budget projections for 2005/2006, which showed that revenue reductions in excess of 1m were likely to be required for 2005/2006. This figure made no allowance for significant unknown other factors, including the tender prices for most of the Council’s contracts which are to be re-let from 1st November 2005, the cost of the January 2005 pay award and further anticipated increases in the employers superannuation contributions.


2. This year the options available to the Council are restricted by the Government’s Capping regime and Waverley’s diminished level of balances.


Advice from the Executive

On 2nd November the Executive gave further consideration to the Financial Strategy following the Finance Seminar on 19th October.