Issue - meetings

To consider the report of the Cabinet Member for Performance and Resources seeking to review the Council’s Draft Money Plan and Draft Budget Proposals.

RESOLVED that:

1.    The assumptions contained in the Council’s draft Money Plan from 2018/19 to 2022/23 and revisions to the draft revenue budget be approved.

2.    The uncertainties regarding future incomes, as shown in this report and Appendix 1, and the need to update the Draft Money Plan when there is more certainty regarding Central Government financing, be noted.

Cabinet considered the report of the Cabinet Member for Performance and Resources that sought to review the Council’s Draft Money Plan and Draft Budget Proposals.

The Cabinet Member for Performance and Resources informed Members that the Chancellor of the Exchequer’s Autumn Budget (22 November 2017) appeared to have no impact and that the Scrutiny and Overview Committee of 4 December 2017 had sought clarification on the definition of terms around price inflation (7.4) and reserves (13).  He commented that officers should be praised for making so much progress thus far.  

The Cabinet Member for Environment drew Members’ attention towards a typographical error (6.2 Table 1) where 1.99% had been represented as £1.99.  The Cabinet Member for Regeneration and Economy stated that the Overview and Scrutiny Committee’s examination was comprehensive and its findings would be taken on board.  He further reminded Members of the positive impact of the King’s Walk regeneration project in reducing challenges this year.

RESOLVED that:

1.    The assumptions contained in the Council’s draft Money Plan from 2018/19 to 2022/23 and revisions to the draft revenue budget be approved.

2.    The uncertainties regarding future incomes, as shown in this report and Appendix 1, and the need to update the Draft Money Plan when there is more certainty regarding Central Government financing, be noted.