Agenda item

Joint report of the Chamberlain and the Director of Markets & Consumer Protection

The Committee considered a joint report of the Chamberlain and the Director of Markets & Consumer Protection presenting the latest revenue budget for 2019/20 and proposing capital and revenue budgets for 2020/21.

In response to questions and comments from Members, Officers advised that the format of the report had been changed to align with standardised templates which had been agreed by the Chamberlain.  It was also reported that the reason for the variance was a result of the “asset verification process” and a member disputed whether this was in fact the case.

Subsequent to the meeting, Officers clarified that information in the Chamberlain’s report was inaccurate and that the variances were a result of increased services required at the Markets and a higher level of reactive spend than was originally anticipated.

RESOLVED –

1.               That the Markets Committee proposed revenue budget for 2020/21 be approved for submission to the Finance Committee.

2.               That the Markets Committee proposed capital and supplementary revenue projects budgets for 2020/21 be approved for submission to the Finance Committee.

3.               That the Chamberlain, in consultation with the Director of Markets & Consumer Protection, be authorised to revise these budgets to allow for any further implications arising from Corporate Projects, other reviews and changes to the Cyclical Works Programme.

4.               That authority be delegated to the Chamberlain to agree that minor amendments for 2019/20 and 2020/21 budgets arising during budget setting.

5.               That the factors taken into consideration in compiling the Department of Markets & Consumer Protection Business Plan, including efficiency measures be noted.

6.               That the draft high-level summary business plan for 2020/21 be approved, subject to the incorporation of any changes recommended by the Markets Committee.