Agenda and minutes
Venue: C1, 1st Floor, Town Hall, Mulberry Place, 5 Clove Crescent, London, E14 2BG
Contact: Antonella Burgio, Democratic Services Tel: 020 7364 4881, E-mail: antonella.burgio@towerhamlets.gov.uk
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APOLOGIES FOR ABSENCE To receive any apologies for absence. Minutes: Apologies for absence were received from Councillor Amy Whitelock.
The Committee noted, Cabinet Member for Resources, Councillor Choudhury’s apologies and his invitation to the Chair to meet informally to respond to any further questions.
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DECLARATIONS OF INTEREST To note any declarations of interest made by Members, including those restricting Members from voting on the questions detailed in Section 106 of the Local Government Finance Act, 1992. See attached note from the Chief Executive.
Minutes: No declarations of personal or prejudicial interests were made.
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REQUESTS TO SUBMIT PETITIONS To be notified at the meeting. Minutes: Nil items.
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REPORTS FOR CONSIDERATION |
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To consider the revised proposals for General Fund, Capital and Revenue Budgets and Medium Term Financial Plan 2012-2015 (CAB 071/112) in accordance with the Council’s Budget and Policy Framework.
Members are advised that the report and appendices concerning this item have been previously circulated to all Members as a Supplemental Cabinet Agenda (8 February 2012) “Budget 2012/2013 Document Pack”
Please bring the document pack to the meeting.
The decision of the Mayor in Cabinet at the meeting held on 8 February 2012 is included in this agenda
Minutes: The Committee received a summary of the amended budget proposals 2012-13 based on the decisions of Cabinet at its meeting on 8 February 2012.
The Committee noted Councillor Choudhury’s apologies and his invitation to the Chair to meet informally to respond to any further questions.
Funding for Proposed Alternative Options:
Funding for Alternative Options (a) to (f) agreed by Cabinet was based on the resources identified by the Corporate Director, Resources. Details were circulated at Appendix 1 of the report.
Peter Hayday, the Service Head, Financial Services, Risk and Accountability, explained the decisions made by Cabinet on 8 February.
There was a difference between the sum published for proposal (e) which was due to a rounding up of the sum for the delivery of ESOL classes; actual funding for this proposal was £245,000.
Further clarity was provided on proposal (f) as follows:
An update of the list of earmarked reserves at Appendix 6.3 “Projected Movement in Reserves March 2011 to March 2015” on p. 188 of the budget papers would be provided to the Committee after the meeting.
Committee’s Areas of Enquiry:
The Committee was informed that:
Proposal to Fund 17 Police Officers for 3 Years:
Collaborating with the Borough Commander, additional police officers have been secured. £1.485 million is to be allocated to fund 17 the officers over the next three years. Officers would be subject to joint tasking by the Borough Commander and the Council's Community Safety Team and focus on drug related crime, organised crime and antisocial behaviour.
Committee’s Areas of Enquiry:
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To consider the revised proposals for Treasury Management Strategy Statement, Minimum Revenue Provision Policy Statement and Annual Investment Strategy 2012-13 (CAB 072/112) in accordance with the Council’s Budget and Policy Framework.
Members are advised that the report and appendices concerning this item are also contained in the document pack previously circulated to all Members as a Supplemental Cabinet Agenda (8 February 2012) “Budget 2012/2013 Document Pack”
Please bring the document pack to the meeting.
The decision of the Mayor in Cabinet at the meeting held on 8 February 2012 is included in this agenda
Minutes: Nil items.
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ANY OTHER SECTION ONE (UNRESTRICTED) BUSINESS WHICH THE CHAIR CONSIDERS TO BE URGENT Minutes: Nil items.
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