Decision details

The Council is required to set the  Budget for 2017/18.

Cabinet:

1.         Noted the Government’s announcements affecting Local Government as set out in the Autumn Statement.

2.         Noted the latest projection of budget gap and the assumptions upon which these had been based and the risks associated with them.

3.         Noted the income generation proposals identified through the budget preparation process and that fully costed proposals would be included in the January report.

4.         Noted the latest projection of the draft Medium Term Financial Strategy (MTFS), covering the period from 2017/18 to 2018/19, as set out in the report.

5.         Noted the action plans being developed by the Senior Leadership Team (SLT) and of their importance in delivering a balanced MTFS.

6.         Noted the size and significance of the projected budgetary positon for 2019/20 to be included in the Council’s draft MTFS.

7.         Agreed to receive a further report in January 2017 which considers the impact of the Local Government Financial Settlement on the MTFS and the implications for Council Tax setting, which will be referred onto the joint scrutiny board.

8.         Noted the advice of the Section 151 Officer in setting a robust budget.