The committee was presented with the 2014/15 revenue and capital outturn. It was explained that there would be a shortfall if the new homes bonus was withdrawn.
In response to a member’s question, it was explained that Section 106 monies in relation to one of the large developments had not come forward as the trigger point had not been reached. Members were reassured that the delay would not create a risk of the money being clawed back as the period for draw down wouldn’t commence until receipt of the money.
A member thanked officers for their work on the Rock Gardens.
Discussion ensued regarding the Hinckley Community Initiative Fund and it was agreed that the matter, including possible roll-over of the funds, would be considered at the next meeting when discussing the fund for the following year.
RESOLVED –
(i) The draft outturn for 2014/15 for the Hinckley area be noted;
(ii) The capital carry forwards of £81,978 as outlined in appendix 2 to the report, be supported.