| Item | Description | Resolution |
|---|---|---|
| PART 1 - PUBLIC | ||
| MATTERS FOR RECOMMENDATION TO THE CABINET | ||
| FIP 13/047 |
Financial Arrangements with Parish Councils |
The joint report of the Director of Finance and Transformation and Cabinet Member for Finance, Innovation and Property gave details of a proposed adjustment to the formula for calculating payments to parish councils under the Scheme of Financial Arrangements. This involved the expansion of the Borough Council's 'grant baseline' for the purpose of the calculation to include both the Local Government Finance Settlement and the New Homes Bonus funding. It was noted that the revised methodology would result in the overall Section 136 budget decreasing by less than 1% rather than 10.6%. The proposal had been welcomed by the Parish Partnership Panel on 5 September 2013. RECOMMENDED: That (1) the revised methodology be adopted in calculating the allocations to parish councils under the Scheme of Financial Arrangements with Parish Councils for the year 2014/15; and (2) parish councils be notified of their allocations as set out in Annex 1 to the report. *Referred to Cabinet |