Issue - meetings

Report of the Deputy Chief Executive (Community Direction).

Members received a report which provided the financial position for the Markets and asked them to consider the financial subsidy required to support the Hinckley Markets in 2014/15. It was reported that efforts were continually being made to reduce the net operating cost. Members felt the markets were very important to the people of Hinckley and the wider area. It was moved by Councillor Bray, seconded by Councillor Crooks and

RESOLVED –

(i)         the proposed subsidy for 2014/15 of £14,472 be approved;

(ii)        the difficult economic trading circumstances for market traders and the work by officers to reduce the net operating costs be recognised ;

(iii)       two corresponding supplementary budgets be approved as follows:

(a)        a decrease in the market expenditure budget of £29,300 (market contract saving);

(b)        a reduction in the market income budget of £25,010 (market rental reduction offset by additional rental income);

and the net impact of a saving of £4,290 be noted.

Councillor Bill arrived at 6.34pm.