Councillor Mark Shayer (Deputy Leader and Cabinet Member for Finance and Economy) introduced the Month 6 Financial Monitoring Report. This was seconded by The Leader.

Following a discussion with contributions from Councillors Mark Lowry and Nick Kelly, the Council agreed to –

1)    Note the report.

Councillor Dr John Mahony arrived at 2.55pm.

Councillor Mark Shayer (Deputy Leader and Cabinet Member for Finance and Economy) introduced the report and highlighted –

a)    When decisions have been made around budget, Plymouth is put first;

b)    Important to deliver over 300 statutory services including protecting the children and vulnerable adults in the city;

c)    Importance to invest in Plymouth’s future.

That Cabinet agreed to note:

1.    The forecast revenue monitoring position at Period 6 as set out in the report in the sum of £6.373m; if the previous agenda reports and recommendation 6 of this report were approved it should be noted the monitoring position would be revised to £5.991m;

2.    The expenditure for the Capital Programme at Period 6.

The Committee approved:

3.    The increase to the Fees and Charges as proposed in Appendix D;

4.    The increase in Crematoria Fees (as set out here) by 10% with effect from the 1 January 2023;

5.    Delegation to the Director of Finance the authority to review Fees and Charges and increase them, where possible and appropriate, With effect from 1st April 2023, by 10% or, where CPI more than10%, increase by CPI;

6.    The report would proceed for onward consideration at the meeting of Full Council on 21 November 2022.