Issue - meetings

To consider the report of the S151Officer and Cabinet Member for Finance detailing proposed changes to existing Revenue and Capital Budgets to incorporate changes to this and future years’ budgets, attached. 

DECISION MADE: (CAB 16/17 17502)

On consideration of the report of the Cabinet Member for Finance, Cabinet agreed to recommend to Council:

(i)  To note the Medium Term Financial Forecast will be further updated for the November budget report to Cabinet.

(ii)  To approve the savings proposals, as set out in Appendix 2 to this report.

(iii)  To note the remaining budget shortfall for 2016/17 to 2019/20 as set out in paragraphs 7 to 10.

(iv)  To note the required change to Treasury Management indicators as set out in paragraphs 32 to 39.

(v)  Delegate authority to the S151 Officer to action all budget

changes arising from the approved efficiencies, income and service

reductions and incorporate any other approved amendments into the General Fund Estimates.

(iv)  Delegate authority to the S151 Officer following consultation with the Cabinet Member for Finance to do anything necessary to give effect to the recommendations in this report.