Item FIP 20/5 referred from Finance, Innovation and Property Advisory Board of 6 January 2021.

Recommendations from the Overview and Scrutiny Committee of 19 January 2021 will be circulated to Members in advance of Cabinet.

Consideration of recommendations to the Cabinet from the meetings of Finance, Innovation and Property Advisory Board (FIP 20/5) and Overview and Scrutiny Committee (OS 21/5) of 6 and 19 January 2021 respectively.

The Cabinet resolved that:

(1)          due to the exceptional circumstances, the request from Kings Hill Parish Council for an advance of £60,000, and repayment as set out in the report, be approved so that the payment timescale of 31 January 2021 could be met;  and

(2)          the recommendations from the Finance, Innovation and Property Advisory Board of 6 January 2021 and the Overview and Scrutiny Committee of 19 January 2021 be noted.

Decision Notice D210015CAB

Consideration was given to the recommendations from the meetings of the Finance, Innovation and Property Advisory Board and Overview and Scrutiny Committee of 6 and 19 January 2021 respectively (as set out at Minute Numbers FIP 21/5 and OS 21/5).

RESOLVED: That

(1)             due to the exceptional circumstances, the request from Kings Hill Parish Council for an advance of £60,000, and repayment as set out in the report, be approved so that the payment timescale of 31 January 2021 could be met;  and

(2)             the recommendations from the Finance, Innovation and Property Advisory Board of 6 January 2021 and the Overview and Scrutiny Committee of 19 January 2021 be noted.

A request has been received from Kings Hill Parish Council for an advance of part of the 2021/22 local precept.  Members are asked to consider the request and make a recommendation to Cabinet, via Overview and Scrutiny Committee, accordingly.

The joint report of the Chief Executive and the Director of Finance and Transformation set out details of a request received from Kings Hill Parish Council for an advance of £60,000 from part of the 2021/2022 local precept.   The request, dated 17 December 2020 and attached at Annex 1, indicated that income from usage of community facilities had been decimated due to the coronavirus pandemic.  It was noted that an ‘interest free’ advance of the sum requested would have minimal financial implications for the Borough Council and that the Parish Council had suggested that this would be repaid in two instalments in April and September.  The report confirmed that the advance would be automatically recovered through the biannual payment of precept and, therefore, there was no risk to the Borough Council.

RECOMMENDED:  That the request from Kings Hill Parish Council for an advance of £60,000 and repayment as set out in the report be endorsed for consideration by the Overview and Scrutiny Committee and recommended to Cabinet for approval.

*Referred to Cabinet