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Decision details

Medium Term Financial Strategy 2018-19 to 2020-21 - DEC17/CAB/67

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Cabinet considered the report and RESOLVED to:

 

1.    Have regard to the consultation feedback received to date and statutory advice detailed in the report when determining the phase one budget proposals, noting that consultation remained open until 30 November 2017, and that an addendum was provided prior to the Cabinet meeting.

 

2.    Note the timetable for the phase two consultation and formal approval of the 2018/19 to 2020/21 Medium Term Financial Strategy as detailed at section 5;

 

3.    Note that budget proposals considered by Council on the 13 December 2017 would form part of the Medium Term Financial Strategy but would not form part of the second stage of consultation or Council debate on 5 March 2018.

 

4.    Recommend to Council, having had regard to feedback, approval of the phase one budget proposals to enable implementation of these budget proposals to commence.

 

Reasons for the decision:

The Council must set a lawful and balanced budget. The approach outlined in this report work towards this requirement.

 

Alternative options considered:

No alternative option has been considered as the Cabinet is responsible under the Constitution for initiating Budget Proposals and the Council is statutorily obliged to set a lawful and balanced budget by 11 March annually.

 

Interests and Nature of Interests Declared:

None.

Background Documents:

Publication date: 04/12/2017

Date of decision: 04/12/2017