The Portfolio Holder for Finance presented a report from the Head of Finance, Governance and Assurance [Section 151 Officer] that provided information and recommendations on the Council’s proposals to manage its financial position for 2018/19 and beyond.

RESOLVED:

              i.        That the changes required to the 2017/18 budget be agreed as a result of the Final Local Government Settlement and the introduction of improved Better Care Funding announced in the Spring Budget.

            ii.        That the changes required to future years budgets be noted as a result of the Local Government Settlement and the review of expenditure and income following a second growth modelling exercise.

           iii.        That the revised funding gap for the years 2018/19 to 2022/23 be noted

           iv.        That the savings proposals be approved which will contribute towards delivery of a balanced budget in 2018/19 as outlined in Appendix 4

                  v.            That delegated authority be granted to the Head of Finance, Governance and Assurance (s151 Officer), after consultation with the Portfolio Holder for Finance, to apply for Business Rates pilot status alone or jointly with one or more other councils on the understanding that, if the Council is accepted, the opportunity will not be taken forward if there is a projected detrimental effect to this Council’s financial position.