Decision details

Community Reserve Protocol

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To establish a protocol that sets out how the Council will identify potential projects/items that can be fund from the newly established community reserve.

Decision:

1)     The protocols around how the Community Reserve could be used as set out in the report be approved.

 

2)     The sum of £250,000 be ring-fenced from the Community Reserve be approved to be used by the Market Town Initiative and make a recommendation to Full Council to agree this in line with the Council’s Financial Regulations.

 

Reasons for the decision:

By utilising the Community Reserve in the way set out above it would bring significant benefits to both the Council and the residents. It would enable the council to invest in its community in a sustainable way that would bring long term financial benefits through either additional income or cost reduction. It would benefits residents by improving skills and income levels across the district.

 

The Council has made already the decision to establish the Community Reserve. The budget for 2018-19 has made a provision that this money will be spent and Council Tax rates have been set taking this into account. By not spending this reserve the Council would have in affected set its Council tax rates too high.

 

Alternative options considered:

1)     Do nothing

 

2)     Agree the protocols around what the newly established Community Reserve can be used for as set out in this report.

 

Report author: Greg Pearson

Publication date: 13/06/2018

Date of decision: 12/06/2018

Decided at meeting: 12/06/2018 - Cabinet

Effective from: 21/06/2018

Accompanying Documents: