Agenda item

8.1

The Executive Director, Resources submitted a report providing Members with details of the forecast financial position of the Council for the next 5 years and recommending the approach to budgeting and business planning that will be necessary to achieve a balanced budget position over the medium term.

8.2

RESOLVED: That Cabinet:-

(a)

notes the forecast position for the next 5 years; and

(b)

agrees the approach to budgeting and business planning

8.3

Reasons for Decision

8.3.1

To provide a strategic framework for the development of budget proposals and the business planning process for 2018/19 and beyond.

8.4

Alternatives Considered and Rejected

8.4.1

A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believed to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and Capital Programme.

1.5

Any Interest Declared or Dispensation Granted

None

8.6

Reason for Exemption if Public/Press Excluded During Consideration

None

8.7

Respective Director Responsible for Implementation

Eugene Walker, Executive Director, Resources

8.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee

8.1

The Executive Director, Resources submitted a report providing Members with details of the forecast financial position of the Council for the next 5 years and recommending the approach to budgeting and business planning that will be necessary to achieve a balanced budget position over the medium term.

8.2

RESOLVED: That Cabinet:-

(a)

notes the forecast position for the next 5 years; and

(b)

agrees the approach to budgeting and business planning

8.3

Reasons for Decision

8.3.1

To provide a strategic framework for the development of budget proposals and the business planning process for 2018/19 and beyond.

8.4

Alternatives Considered and Rejected

8.4.1

A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believed to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and Capital Programme.