Issue - meetings

A request has been received from Kings Hill Parish Council for an advance of part of the 2021/22 local precept.    Members of the Finance, Innovation and Property Advisory Board (FIPAB) on 6 January recommended to Cabinet, via this Committee, that the request be supported given the exceptional circumstances.  Recommendations from both FIPAB and this Committee will be referred to Cabinet on 26 January 2021 for final decision.

The joint report of the Chief Executive and the Director of Finance and Transformation advised of a request received from Kings Hill Parish Council for an advance of part of the 2021/22 local precept.   At the meeting of the Finance, Innovation and Property Advisory Board held on 6 January, Members recommended that the request be supported given the exceptional circumstances.

Recommendations from both the Advisory Board and the Overview and Scrutiny Committee would be referred to Cabinet on 26 January 2021 for a final decision.

It was 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

(1)          the request from Kings Hill Parish Council for an advance of £60,000, and repayment as set out in the report, be supported due to the exceptional circumstances; 

(2)          the recommendation from the Finance, Innovation and Property Advisory Board of 6 January 2021 be noted; and

(3)          Cabinet at its meeting on 26 January 2020 approve the request from Kings Hill Parish Council so that the payment timescale of 31 January 2021 could be met.

*Referred to Cabinet