Decision details

The Cabinet considered the report of the Head of Corporate Resources which provided details of the current forecast outturn position for the Council for 2016/17 as at the end of January 2017 which was informed by the latest analysis of expenditure and income due to the Council, in addition to the progress in delivering approved savings; the current forecast on Council Tax and Business Rates collection for 2016/17; and the current position of the Capital Programme.

Decision Made: That

(1)          the forecast deficit outturn position of £0.682m, as at the end of January 2017, and the potential impact on the Council’s General Fund Reserves be noted;

(2)          the progress to date on the achievement of approved savings for 2016/17 and residual savings carried forward from previous years be noted;

(3)          the forecast position on the collection of Council Tax and Business Rates for 2016/17 be noted;

(4)          the current position of the 2016/17 Capital Programme be noted; and

(5)          the Council be recommended to give approval to the inclusion of the additional capital allocations, outlined in paragraph 6.7  to the Capital Programme.

Reasons for Decision:

To ensure the Cabinet are informed of the forecast outturn position for the revenue budget and delivery of savings as at end of January 2017; the updated forecast of the outturn position with regard to the collection of Council Tax and Business Rates and to seek approval for additional schemes financed from Section 106 monies to be included within the Capital Programme.

Alternative Options Considered and Rejected:

None.