Cabinet considered a report from the Head of Finance, Governance and Assurance presenting the 2016/17 budget for approval and also identified the proposals for 2017/18 and 2018/19 budgets to be further developed throughout 2016/17.

RESOLVED:

i)     That the 2016/17 budget of £565.377m including the savings proposals detailed in Appendix 3 and excluding internal market adjustments be agreed and recommended to Council.

ii)    That the changes required to the 2016/17 budget as a result of the Final Local Government Settlement, revised business rates and collection fund estimates and revised Adult Services growth projections, be noted.   

iii)   That the changes required to future years’ budgets as a result of the Final Local Government Settlement and a review of business rates and Adult Services growth projections, be noted.

iv)   That the revised funding gap for the years 2017/18 and 2018/19, be noted.

v)    That the revised Capital Programme as set out in the report be agreed and recommended to Council.

vi)   That the potential requirement for virement between pay and non-pay (contract payment) budgets resulting from the review of ip&e Limited, which are not reflected in this report, be noted.

vii)That the potential for investment and further savings proposals resulting from the review of the Council’s ICT requirements which are not reflected in this report, be noted.