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;

(b)

agrees the approach to business planning targets;

(c)

agrees to give consideration to reviewing the Council Tax Support Scheme for 2014/15 with decisions based on an assessment of the impact of the reductions made in 2013/14 and the other welfare reforms that have/are being introduced;

(d)

agrees that as part of the business planning process, any increases in specific grant are to be held corporately to assist in balancing the overall budget; and

(e)

refers the report to Full Council for consideration.

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 2012/13 and beyond.

8.4

Alternatives Considered and Rejected

8.4.1

There were no alternative options presented in the report.

8.5

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

Laraine Manley, Executive Director, Resources

8.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny

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;

(b)

agrees the approach to business planning targets;

(c)

agrees to give consideration to reviewing the Council Tax Support Scheme for 2014/15 with decisions based on an assessment of the impact of the reductions made in 2013/14 and the other welfare reforms that have/are being introduced;

(d)

agrees that as part of the business planning process, any increases in specific grant are to be held corporately to assist in balancing the overall budget; and

(e)

refers the report to Full Council for consideration.

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 2012/13 and beyond.

8.4

Alternatives Considered and Rejected

8.4.1

There were no alternative options presented in the report.

8.5

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

Laraine Manley, Executive Director, Resources

8.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny