Agenda and decisions

Members are asked to declare any interests in the items under consideration and in doing so state:

(1) the type of interest concerned either a

(a)   personal interest

(b)   prejudicial interest

(c)    disclosable pecuniary interest (DPI)

and

(2) the nature of the interest concerned

If any member requires advice on declarations of interests, they are advised to contact the Head of Democratic Governance in advance of the meeting.

The Executive agreed the recommendations as outlined above namely:

1. To approve the provisional revenue outturn for 2020/21 and in so doing to note that the figures are subject to external audit and final accounting adjustments (ref. paragraph 2.1).

2. To approve the recommendations regarding the treatment of specific service under/overspends as outlined (ref. paragraph 3.2).

3. To approve the provisional capital outturn for 2020/21 and methods of scheme funding as outlined (ref. paragraphs 4.2 and 4.5).

4. To note the prudential indicator (ref. paragraph 4.3).

5. To note the levels of earmarked reserves including those for the Housing Revenue Account and maintained schools (ref. paragraphs 6.1, 6.4 and 6.5).

6. To note the revised dates for the draft audited accounts and the public inspection of accounts (ref. paragraph 9.1, 9.2 and 9.3).

To consider the establishment of a Shareholder Committee as a committee of the Executive.

The Executive agreed the recommendations as outlined above namely:

1. To agree to constitute a committee of the Executive to be known as ‘The Shareholder Committee’. 

2. To agree that the Shareholder Committee will comprise of 3 members (the Deputy Leader of the Council (to be appointed as Chair), the Leader of the Council and to also appoint Councillor Don Clapham, Deputy Leader of the Principal Opposition Group as a Co-opted member).

3. To agree that the powers and duties attached at Appendix 2a, to the Executive Report, be those delegated to the committee and that the committee at its first meeting be asked to review these and if changes required to recommend back to the Executive, as appropriate.

4. To note that the Shareholder Committee will function in the same manner as the Executive, including following the Executive Procedure Rules.

5. To agree the Executive Decision Making Criteria be amended to outline that any decisions at the level of Executive in relation to shareholder matters will now be made by the Shareholder Committee.

To consider the report of the Director of Resources on the Provisional Revenue Outturn for 2020/21 compared with the approved budget and the capital expenditure in the year ended 31 March 2021 with sources of funding.

To consider the Treasury Management Outturn Report for the year ended 31 March 2021 and its Annexes 1 to 5.

The Executive agreed the recommendation as outlined above namely:

To note the report concerning Treasury Management activities for the financial year ended 31 March 2021.

To consider an application for a Business Loan from Blackpool Transport Services Limited (BTS) towards a contactless payment system installed across its tram and bus network.

The Executive agreed the recommendations as outlined above namely:

1. To approve a £550,000 loan towards a £750,000 capital investment in upgrading the Blackpool Transport Services Limited fleet with a contactless payment system. 

2. To agree that the loan agreement will have a loan repayment term of 5 years from initial drawdown.

3. To delegate authority to the Chief Executive to finalise any legal conditions for the loan including the rate of interest.

4. To authorise the Head of Legal to prepare legal documentation for the loan facility and associated security charges.