Ita McGullion, Under 5s Care Manager, presented a report providing the Committee with details of the Kennet Day Nursery’s budget for 2019/20 and proposed an increase in fees for the Nursery from April 2019.  The report explained that the last proposal to increase fees had been in April 2018 and also required the nursery to deliver a £30,000 profit, which would require a consistent 87+% occupancy level throughout the year to achieve this target.  In April 2018, Kennet Day Nursery had moved to the Directorate of Resources under the new Assistant Director of HR and Organisational Development.  Prior to the move the budget had been reviewed and the expected income target surplus had been increased requiring the nursery to make a further surplus of £75,000 in the financial year 2018/19.  This was a 150% increase on the original target; the income target for 2019/23 would remain at £75,000 surplus.

Resolved –   

(1)      That the fee structure be increased by 2% to apply from April 2019 as follows:

£228.55 per week - £46.17 per day (RBC Users);

£250.75 per week - £50.65 per day (Non RBC Users);

(2)     That the current discount of £2 a day for siblings and the current additional charge of £2 a day for children under 2 years of age be continued unchanged.