Councillor Mark Shayer (Deputy Leader and Cabinet Member for Finance and Economy) and Brendan Arnold (Service Director for Finance) introduced the Response to the Budget Amendment at Council 28 February 2022 -

To clarify decisions and actions required to deal with the consequences of the Budget Amendment

Cabinet agreed to:

1. Note the Report

2. Approve a post lockdown review of all parking charges, to include the potential reinstatement of the charges removed in 2021 (see Appendix 3); and delegate the outcome of the review to the to the Portfolio Holder for Finance in consultation with the Strategic Director for Place and the Section 151 Officer to be reported at the next Cabinet meeting.

The recommendation is required in order to offset the budget pressure of £300,000 introduced at Council on 28 February

3. Approve the creation of the Council Advisory Group on the Community Improvement Fund referred to in Appendix

4. Approve the creation of a cross-party working group to investigate the use of the current £16m commercial rental income.

These recommendations are needed to keep the 2022/23 Budget in balance and to avoid increasing the budget shortfall for future years.