Issue - meetings
Service Plans (as part of the Budget Process)
Meeting: 11/01/2024 - Economic Development Committee (Item 5)
5 Service Plans (as part of the Budget Process) 
PDF 482 KB
To review and approve service plans for the Committee’s area(s) of responsibility.
Report to follow.
Additional documents:
- Appendix A - Econ Dev Service plans redactions HM, item 5
PDF 600 KB
- Appendix B Economic Dev - Growth Summary, item 5
PDF 11 KB
- Appendix C - Economic Dev Summary Budget by Cost Centre, item 5
PDF 488 KB
- Appendix D - Econ Dev Detailed Budget by Cost Centre by Code, item 5
PDF 37 KB
Minutes:
The Committee considered the Service Plans under the Committee’s remit for 2024-25. The Service Plans set out the proposed revenue growth bids and savings plan for the next financial year.
The Chief Accountant advised the Committee that the growth bid set out in the report was fully funded and would have no impact on the overall Council budget.
The Committee noted expenditure on salaries had decreased from last year and requested clarification on the reasons for this. The Committee were advised that this may be due to temporary contracts not being renewed, but confirmation would be provided outside the meeting. The Committee also noted the costs related to the business incubator had increased significantly, and were advised that this was mostly in part to an increase in utility bills.
A committee member raised that they felt more work could be done to engage international businesses to operate in Spelthorne. The Group Head – Place, Protection Prosperity advised that it could not be considered during this point in the budget process, but agreed to provide further information for the Committee in future.
The Committee resolved to:
1. Approve the proposed Revenue Growth Bids and Savings Plan for 2024-25 for this Committee
2. Recommend to Corporate Policy and Resources Committee that they approve the proposed Revenue Growth Bids and Savings Plan for 2024-25