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Issue - meetings

Financial Inclusion interim and future funding strategy

Meeting: 12/08/2019 - Decision Session - Executive Member for Finance and Performance (Item 13)

13 Financial Inclusion interim and future funding strategy pdf icon PDF 172 KB

This report presents proposals for Financial Inclusion (FI) funding allocations for 2019/20 and the development of a longer term future funding strategy to feed into the 2020/21 annual budget process.

Additional documents:

Decision:

Resolved: That;

a)   The recommended Option 1 to extend the 2019/20 allocations to safeguard any successful and appropriate current schemes at risk in the short term be approved

 

b)   The delivery of a longer term strategy for the sustainability of successful Financial Inclusion projects be approved.

 

Reason:

a)   To ensure the that councillors, residents, partners and groups are aware of financial inclusion activity and the approval/use of associated funding. 

 

b)    To ensure that approved scrutiny actions are implemented.

Minutes:

Executive Member for Finance and Performance and Executive Member for Housing and Safer Neighbourhoods considered a report that presented proposals for Financial Inclusion (FI) funding allocations for 2019/20 and the development of a longer term future funding strategy to feed into the 2020/21 annual budget process.

 

The Assistant Director, Customer and Digital Services gave an overview of the report noting the background to and the reason for the extension of the FI funding. She then explained the three options available to the Executive Members.

 

The Chair of the York and North Yorkshire Welfare Benefits Unit and Chief Executive Officer of Citizens Advice York were in attendance and expressed that they would welcome the extension of the FI funding and they noted the reasons for this.

 

Resolved: That;

a)   Option 1 to extend the 2019/20 allocations to safeguard any successful and appropriate current schemes at risk in the short term be approved

 

b)   The delivery of a longer term strategy for the sustainability of successful Financial Inclusion projects be approved.

 

Reason:

a)   To ensure the that councillors, residents, partners and groups are aware of financial inclusion activity and the approval/use of associated funding. 

 

b)   To ensure that approved scrutiny actions are implemented.


 

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