Agenda item

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

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

(NOTE: In accordance with Council Procedure Rule 26 of the Council’s Constitution and the provisions of Section 100B(4)(b) of the Local Government (Access to Information) Act 1985, the Chair decided that the above report be considered as a matter of urgency on the grounds that the figures in the Medium Term Financial Strategy (MTFS) were based on various assumptions made in advance of the agreement of Sheffield City Region’s devolution deal on Friday 2 October. The publication of the MTFS was therefore delayed briefly in order to allow officers sufficient time to review the details of the devolution deal and to assess whether any of the assumptions in the MTFS should be revised).