Decision Maker: Co-operative Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
The purpose of the Report is to:
· provide Members with details of the forecast financial position of the Council for the next 5 years; and
· to recommend the approach to budgeting and business planning that will be necessary to achieve a balanced budget position over the medium term.
10.1 |
The Interim Executive Director, Resources submitted a report outlining a strategic framework for the development of budget proposals and the business planning process for 2016/17 and beyond. |
|
|
|
|
10.2 |
RESOLVED: That Cabinet:- |
|
|
|
|
|
(a) |
notes the forecast position for the next 5 years; |
|
|
|
|
(b) |
agrees the approach to business planning targets; and |
|
|
|
|
(c) |
agrees the following approach to capital planning: · Maximise flexibility in resource pools to ensure priorities in relation to housing can be most effectively achieved, including policies related to affordable housing; · Manage capital resource pools including New Homes Bonus and Community Infrastructure Levy to ensure that Council wide objectives are achieved; and · Reaffirm the existing Corporate Resource Pool allocation principles. |
|
|
|
10.3 |
Reasons for Decision |
|
|
|
|
To provide a strategic framework for the development of budget proposals and the business planning process for 2016/17 and beyond. |
||
|
|
|
10.4 |
Alternatives Considered and Rejected |
|
|
|
|
There were no alternative options presented in the report. |
||
|
|
|
10.5 |
Any Interest Declared or Dispensation Granted |
|
|
|
|
|
None |
|
|
|
|
10.6 |
Reason for Exemption if Public/Press Excluded During Consideration |
|
|
|
|
|
None |
|
|
|
|
10.7 |
Respective Director Responsible for Implementation |
|
|
|
|
|
Eugene Walker, Interim Executive Director, Resources |
|
|
|
|
10.8 |
Relevant Scrutiny and Policy Development Committee If Decision Called In |
|
|
|
|
|
Overview and Scrutiny Management Committee |
Report author: Mike Thomas
Publication date: 16/10/2015
Date of decision: 14/10/2015
Decided at meeting: 14/10/2015 - Co-operative Executive
Effective from: 23/10/2015
Accompanying Documents: