Agenda item

Charter Trustees considered a report of the Treasurer which provided information to initiate discussions on the budget requirement for 2013/14 and consequential level of council tax (for copy see file of minutes).

Trustees discussed in detail the various options outlined in the report and queried the availability of government grant as a result of the decrease in tax base. The Treasurer confirmed that enquiries were ongoing in relation to this.

Trustees noted that a number of issues could impact on the financial position of the trust.

It was suggested that a small working group be established to consider options on the level of budget and council tax requirement for 2013/14 and report the recommendations to Charter Trustees at the next meeting in January 2013.

Trustees sought clarification regarding student subsidies. The Treasurer informed the Trustees that he would provide this information at the next meeting.

Resolved:

(i)                 That a working group be established consisting of the Mayor, Deputy Mayor, Clerk, Treasurer, Councillor D Morgan and Councillor G Holland to consider options on the level of budget and council tax required for 2013/14 and report their recommendations to Trustees at the next meeting in January 2013;

(ii)               The next meeting arranged for 21 January 2013, agree the precept;

(iii)             The deadline for agreeing the precept for 2013/14 be noted.