Budget Planning Committee

The Budget Planning Committee is a committee of Council and will make recommendations to the Executive as appropriate within its terms of reference. The Committee will: · Provide strategic overview of all matters that could significantly impact upon the finances of the authority · Oversee the implementation of the forthcoming and ongoing financial reform that will significantly affect the Council · Provide advice on the impact of business and housing growth in the district and estimate the financial impact of such growth · Be responsible for supporting the budget setting strategy and process for: o the general fund o capital programme o assets o treasury management o reserves o investments o recommending the Committee’s preferred option, for formal consideration by Executive, in light of the Council’s stated priorities. · Have a planning horizon which will be medium term (five years) including the medium term financial strategy · Will also focus on major projects facing the Council that will have a significant impact on the resources of the Council as well as the budget setting round for the forthcoming financial year. · Be responsible for considering how the council responds to: changes in the way the council is funded, value for money and other legislative initiatives and reforms.

· Innovate and challenge the way the Council manages its budget and financial affairs.