Issue - meetings
Financial Strategy 2018/19 to 2020/21 - Final
Meeting: 14/02/2018 - Cabinet (Item 150)
150 Financial Strategy 2018/19 to 2020/21 - Final 
PDF 719 KB
Lead Member – Councillor Peter Nutting – Leader of the Council
Report of the Head of Finance, Governance and Assurance [s151 Officer] TO FOLLOW
Contact: James Walton Tel: 01743 255001
Decision:
RESOLVED:
i. That 2018/19 budget of £582.151m outlined in the Budget Book at Appendix 7, including the savings proposals outlined in Appendix 4 be agreed and recommended to Council
ii. That the changes required to the 2018/19 budget as a result of the Final Local Government Settlement and revised business rates and collection fund estimates, be noted.
iii. That the revised funding gap for the years 2019/20 to 2022/23 be noted.
iv. That the revised Capital Programme as set out in the report and detailed at section 8 and Appendix 8 be agreed and recommended to Council.
v. That the continued use of the Policy for Flexibility around the use of Capital Receipts be noted.
Minutes:
The Leader presented a report from the Head of Finance, Governance and Assurance [s151 Officer] setting out the Council’s financial strategy over the next five years, enabling a balanced budget to be set for the years 2018/19 to 2019/20 and considered the potential to set a sustainable and balanced budget in the years beyond.
Referring to the permanent savings from highways maintenance that may be reversible, the Chief Executive explained that these savings would be reviewed in 2020/21 and, at that point in time, if sufficient alternative proposals were in place, then they may be reversed.
RESOLVED:
i. That 2018/19 budget of £582.151m outlined in the Budget Book at Appendix 7, including the savings proposals outlined in Appendix 4 be agreed and recommended to Council
ii. That the changes required to the 2018/19 budget as a result of the Final Local Government Settlement and revised business rates and collection fund estimates, be noted.
iii. That the revised funding gap for the years 2019/20 to 2022/23 be noted.
iv. That the revised Capital Programme as set out in the report and detailed at section 8 and Appendix 8 be agreed and recommended to Council.
v. That the continued use of the Policy for Flexibility around the use of Capital Receipts be noted.