Issue - meetings

The Bereavement Services Manager and Clerk and Treasurer presented the Committee’s revenue estimates for 2015/16 to 2018/19.

The report outlined:

·        The revised forecast for 2015/16 and explanations of significant variances, resulting in an expected surplus of £8,870.

·        Estimates for 2016/17, with an estimated revenue surplus of £42,180.

·        Medium term forecasts for 2017/18 and 2018/19.

·        Reserves – Revenue Reserve, Mercury Abatement Reserve, Equipment Replacement Reserve, Organ Reserve, Cremator Repairs Reserve and Capital Improvement Reserve.

·        Proposed re-distribution to Constituent Authorities.

The Clerk and Treasurer advised the Committee of revised estimates on the capital improvement and revenue reserves since the report had been produced, resulting in higher total reserves than identified in the report. It was therefore proposed to increase the planned redistribution in 2016/17, whilst enabling the revenue reserve to be maintained above the minimum level required.

RESOLVED –

(1)     That the revenue estimates be approved, subject to the approval of the fees & charges and management improvement plan reports.

(2)     That the Capital schemes detailed in paragraph 6.7 of the report be approved.

(3)     That the redistribution of £200k to Constituent Authorities detailed in paragraph 7 of the report be approved for 2015/16 & future years, with the exception of a proposed redistribution of £487k for 2016/17.

(4)     That the planned use of reserves detailed in paragraph 6 of the report be approved.

REASON FOR DECISIONS

To enable the Committee to set and maintain a balanced budget for the crematorium for 2016/17.