Cabinet considered a report by the Head of Finance, Governance and Assurance on the Council’s Financial Strategy 2016/17 to 2018/19 that provided details of the next important stage in developing a financial strategy for the Council.

RESOLVED:

i)             That the impact of the Provisional Local Government Settlement and Spending Review on the Council’s Financial Strategy be noted, as set out in Section 6.

ii)            That the revised proposals to manage the 2016/17 budget as a result of the Provisional Local Government Settlement be approved, as set out in Section 7.

iii)              That the revised modelling of Council Resources over the following 2 years 2017/18 to 2018/19 be noted, as set out in Section 8 and the implications for future service delivery, Council Tax increases and budget reductions.

iv)           That the target budgets for each Directorate of the Council and the initial savings to achieve a balanced budget for 2017/18 and 2018/19 be noted, as set out in Appendix 3 to this report.