The Portfolio Holder for Resources, Finance and Support presented a report by the Head of Finance, Governance and Assurance (Section 151 Officer) on a refresh of the Council’s Business Plan and Financial Strategy 2014/15 to 2016/17 which was attached as Appendix 1 and included the Council’s three year Medium Term Financial Plan (MTFP) covering the same period.

(a)  That it be noted that the funding gap of £80m for the period 2014/2017 identified in the Council Business Plan and Financial Strategy agreed by Council in February 2014 had been reviewed and retained for planning purposes.

(b)  That the progress made in achieving the agreed savings be noted and the amendments and alternative savings identified within the Business Plan and Financial Strategy be agreed.

(c)  That approval be given to remove any allocation of council tax support grant to Town and Parish Councils for 2015/16 and future year’s council tax reduction scheme.