Issue - meetings

Medium Term Financial Strategy and Budget Proposals

Meeting: 13/12/2017 - Policy and Resources Committee (Item 127)

127 Medium Term Financial Strategy and Budget Proposals pdf icon PDF 83 KB

Additional documents:

Minutes:

The Director of Finance and Business Improvement gave a presentation to the Committee which provided an update on the Medium Term Financial Strategy and Budget Proposals.

 

The Committee noted that on the basis of the budget proposals and financial projections contained in the report, the Council was scheduled to be able to set a balanced budget for the next two financial years. However the budget gap at the end of the five year period was projected to be £4.6 million and the additional savings identified in the adverse scenario would need to be reviewed in 2018-19.

 

RESOLVED:

 

1.  Planning on the basis of the updated Strategic Revenue Projection, set out at Appendix A, is agreed.

2.  The budget proposals for services in the remit of this Committee, as set out in Appendix C, are agreed.

3.  The remaining budget proposals, set out in Appendix C, which will be considered by the relevant Service Committees during the course of January 2018, are noted.

 

Voting: Unanimous