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.