Issue - meetings

Budget 2016/17

Meeting: 30/03/2016 - Strata Joint Executive Committee (Item 6)

6 Strata Budget 2016/17 pdf icon PDF 81 KB

To consider the report of the Director (Finance Lead).

 

Additional documents:

Decision:

Agreed

 

 

That it is recommended that the three Councils approve the Budget for 2016/17.

 

 

Reason for Decision:

 

As set out in the report

 

Minutes:

The report of the Director (Finance Lead) was submitted seeking approval for the 2016/17 financial year budget.

 

Members were advised that the decisions made at the JEC on 24 November 2015 to offer Strata contracts to those staff who wished to transfer had substantially removed the projected surplus in the original Business Plan for 2016/17. The staff budgets adjustment to take account of transferring across to Strata Terms and Conditions were £125,000 with £120,000 set aside for redundancy costs although it was anticipated that not all the redundancy budget would be required. The reduction would be made up in future years to ensure the savings approved were made by the end of the ten year business plan. Any in year surplus achieved would be returned in the form of a refund to each Council in line with the agreed percentage split. The anticipated surplus for the year was approximately £27,000.

 

In response to a Member, the Strategic Lead Finance (EDDC) - Strata Director stated that to date only one redundancy was being considered as part of the consultation taking place. He also explained how the costs would be clawed back and they would be shown in the revised Business Plan which would be presented to the JEC later in the year.

 

Strata Joint Scrutiny Committee considered the report at its meeting on 17 March 2016 and its comments were reported.

 

RECOMMENDED that the three Councils approve the Budget for 2016/17.

 


Meeting: 17/03/2016 - Strata Joint Scrutiny Committee (Item 9)

9 Strata Budget 2016/17 pdf icon PDF 81 KB

To consider the report of the Director (Finance Lead).

 

Additional documents:

Minutes:

The report of the Strata Board was submitted seeking approval for the 2016/17 financial year budget.

 

The budget required the three owner Councils to approve each of its own budgets based on the initial three year approved methodology - the 2013/14 budget as adjusted for inflation and agreed conditions/disposals. It also reflected the decisions made at the JEC on 24 November 2015 to offer Strata contracts to those staff who wished to transfer which had substantially removed the projected surplus in the original Business Plan for 2016/17. The reduction would be made up in future years to ensure the savings approved were made by the end of the project. Any in year surplus achieved would be returned in the form of a refund to each Council in line with the agreed percentage split. The anticipated surplus for the year was approximately £27,000.

 

The capital programme was based on the annual contribution, convergence projects and any approved Council schemes, which would be delivered by Strata. The budget for 2016/17 was £941,090.

 

The three Councils had agreed a total revenue budget transfer for 2016/17 of £5,900,990 including the £15,000 for support services and all existing staffing, supplies and services. 

 

Members also noted that:-

 

  • the green travel item related to a subsidy offered to staff in relation to public transport; and
  • the budgeted item for Exeter City Council parking was in respect of additional parking spaces for Strata Managers and contractors who were frequent visitors to the other partner authorities.

 

Strata Joint Scrutiny Committee noted the report.